OPEC revises 2021 global oil demand to 5.7 mb/d
The Organisation of the Petroleum Exporting Countries (OPEC) has revised the 2021 world oil demand forecast downward to 5.7 million…
Nigeria now earns more from non-oil revenues – Osinbajo
Vice President Yemi Osinbajo says revenue recently flowing into the nation’s treasury are majorly from non oil and gas exports.…
Nigerians Groan as Cooking Gas Price Jumps by 240%
Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity. Investigations also show that the cost…
Nigeria spent N864.07bn on fuel subsidy payment in nine months –NNPC
The Nigerian National Petroleum Corporation (NNPC) spent a total of N864.07bn between January and September subsidising Premium Motor Spirit, popularly…
Shell unveils new energy business line in Nigeria
Global energy company, Shell, has announced a new business line in Nigeria to expand natural gas marketing and sales to…
Nigeria loses $1b yearly to gas flare data falsification
Nigeria is losing about $I billion revenue annually to falsification of gas flare data by Multinational Oil Companies (MOCs) operating…
NUPENG, PENGASSAN lament exclusion from PIA steering committee
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria…
Fuel subsidy will rise to N3tn annually under current market conditions, says PPMC
The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), says the annual subsidy on…
PPMC Warns That Petrol Subsidy May Hit N3tn in One Year
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has said the annual subsidy on Premium…
$3.097bn investment opportunities exist in condensate refineries, says NNPC
The Nigerian National Petroleum Corporation (NNPC) has said investment opportunities worth nearly $3.097 billion currently exist in the country’s condensate…