OPEC+ maintains status quo amid lower output from Nigeria
The Organisation of Petroleum Exporting Countries plus (OPEC+) coalition’s Joint Ministerial Monitoring Committee (JMMC) recommended no changes to the group’s…
FG admits adjusting petrol pump price, blames scarcity on smuggling
The Federal Government has admitted to adjusting the pump price of petrol to cater for the impact of high AGO…
FG constitutes 14-man committee to end fuel scarcity
The Federal Government is meeting with operators in the midstream and downstream oil sector as part of measures towards developing…
NNPCL to invest N1.9tr in 44 federal roads
The Nigerian National Petroleum Corporation Limited (NNPCL) is to invest N1.9 trillion in the reconstruction of 44 federal roads, the…
Nigeria targets to add 700,000bpd to crude oil output In 2023
Nigeria aims to produce 1.8 million barrels per day of production in the near future, Nigerian National Petroleum Corporation (NNPC)…
Again, Nigeria’s oil production falls short of OPEC quota
Nigeria’s oil production in the month of December 2022 grew by 4.2 per cent month-on-month to 1.23 million barrels per…
African Chambers Urges for Investment in African Energy
As African Energy Chamber finalises plans to host New Year Reception in London on 26 January, efforts are being made…
NNPCL, Marketers Plan N148/litre, Tinubu Insists on Subsidy Removal
The Nigerian National Petroleum Company Limited is planning to sign an agreement with independent oil marketers to ensure that the…
Reps give NNPCL one-week ultimatum to end fuel scarcity
The House of Representatives yesterday issued a one week ultimatum to the Nigerian National Petroleum Company Limited, (NNPCL) to end…
Nigeria loses N264.43bn to gas flaring in 10 months
Despite Nigeria’s dwindling revenue occasioned by massive oil theft, the country has continued to also suffer loss from its gas…