FG to establish 18 modular refineries in oil-producing states
The Federal Government on Wednesday said it was working to establish three modular refineries in each of the oil producing…
NLNG Suspends Cooking Gas Export, Channels 100% to Domestic Market
The Nigeria LNG Limited has announced that its board of directors had approved the supply of 100 per cent of…
Diesel Hits N350/litre, Surges by 56% in One Year
The price of Automotive Gas Oil, also known as diesel, has increased further to N350 per litre in some filling…
Oil bulls increasingly confident as Omicron risk fades
Oil markets attracted a new wave of interest from investors at the end of 2021 and start of 2022, as…
Gas Policy: Vehicles in 12 States To Run On Gas This Year
The Federal Government has selected 12 states for the pilot phase of the conversation of vehicles using petrol and diesel…
Crude Price Dives After Bearish EIA Data
Crude oil witnessed a downward spiral in the London trading session today, falling from their highest levels in more than…
President Buhari Appoints Board and Management of NNPC Limited, Drops Ararume
President Muhammadu Buhari has appointed the Board and Management of the Nigerian National Petroleum Company Limited, in accordance with the…
Nigeria to pump 1.7mbpd in February as OPEC+ maintains output policy
The Organisation of Petroleum Exporting Countries (OPEC) and its allies announced yesterday that they will return 400,000 barrels per day…
Nigeria’s crude oil earnings hit N12.4tn in 11 months – Report
Nigeria produced a total of 440.774 million barrels of crude oil valued at about N12.4tn between January and November 2021,…
Nigeria’s oil sector will experience unprecedented progress this year, says Sylva
The Minister of State Petroleum Resources, Timipre Sylva, says Nigeria will experience unprecedented progress in the oil and gas sector…