Oil price increases as OPEC projects slow growth in 2022
The price of Brent, the crude against which Nigeria’s oil is priced, increased marginally on Monday as the Organisation of…
FG Clears $3.53bn Debt, Still Owes Five IOCs $1.15bn Cash Call Arrears
The Federal Government as paid a total of $3.53bn to five international oil companies as cash call arrears repayment to…
Lagos Gas Explosion: Fire Service Calls for Calm
Rescue operation is currently on going to put out the fire resulting from a System 2B pipeline leakage at Peace…
NNPC to Halt Rising Cooking Gas Price, Increases Supply
The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari has announced that NNPC was currently increasing…
Cooking Gas Prices to Surge Further as Supply Drops 5.5%
There are indications that the prices of Liquefied Petroleum Gas, LPG, also known as cooking gas, would rise further as…
Nigeria Records Zero Revenue from Oil Export in October
Nigeria got no revenue from crude oil export in the month of October despite an average daily oil production of…
PENGASSAN rejects 100% hike in cooking gas price
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has blamed the Federal Government over the hyper-inflation that…
Local content has grown in Nigeria’s oil sector – Shell MD
Osagie Okunbor, Managing Director, Shell Petroleum Development Company, (SPDC) on Tuesday said that local content in the Nigerian oil and…
Global attack on fossil fuel investment will worsen energy crisis, says NNPC
The Nigerian National Petroleum Company (NNPC) Limited yesterday attributed the current global gas crisis to shortage of investments in the…
Fuel Price Increase: Marketers Groan Over Forex Crisis
The pump price of petrol may go higher than the projected N340/litre in February 2022 when the Federal Government removes…