$1.09 billion paid by Shell Nigeria in taxes, royalties in 2023
Shell exclusively paid a total of $1.09 billion in corporate taxes and royalties to the Government of Nigeria last year through the operations of The […]
Oil & Gas
Again, NNPC Ltd warns against panic buying, says 30-days PMS sufficiency Intact
By MBAFAN ADE, Abuja – As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, the Nigerian […]
FG to divest 26 oil blocks of 8.211m barrels reserves
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the International Oil Companies (IOCs) have proposed 26 oil blocks to be divested to indigenous companies […]
We need consultation, public hearing to review PIA regulations – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulation Authority (NMDPRA) has said consultation with stakeholders and public hearing must be conducted to review proposed draft […]
NUPRC opens bid for 17 marginal oil fields – Komolafe
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has begun the conduct of fresh bid round for marginal oil fields in Nigeria. […]
Divestments: Shell assets estimated at 4.96 billion barrels oil reserve – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the Shell Petroleum Development Company of Nigeria Limited (SPDC) assets being considered for divestments have […]
Naval Chief Ogalla extends Operation Delta Sanity
By TOM CHIAHEMEN, Abuja – Chief of Naval Staff (CNS), Vice Admiral Emmanuel Ikechukwu Ogalla, on Thursday at the Nigerian Navy Ship PATHFINDER in Port […]
NNPC Ltd: We’ve resolved cause of tightness in fuel supply
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said the issues that led to the tightness in the supply of fuel currently being […]
Dangote further reduces diesel, aviation fuel prices to N940 and N980 per litre
Dangote Petroleum Refinery has announced a further reduction in the prices of diesel and aviation fuel to N940 and N980 per litre, respectively. The […]
FG urged to sustain 37.50bn barrels oil reserves
An oil expert, Mr Joe Nwakwue, has commended the Federal Government for the significant achievement in growing the oil reserves to 37.50 billion barrels. […]
NNPC Ltd, partner unlock 12,000bpd production from Awoba Unit Field
By MBAFAN ADE, Abuja – Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the […]
NNPC Ltd, First E&P achieve 20,000bpd production at OML 85
By MBAFAN ADE, Abuja – The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and […]
Dangote commended for reducing diesel price to N1,000/litre
A former chairman of the Manufacturers Association of Nigeria (MAN), Ogun Chapter, Dr Wale Adegbite, has lauded Dangote Petroleum Refinery for reducing the price […]
NIPCO completes 4 CNG stations in Lagos
NIPCO Plc has completed four Compressed Natural Gas (CNG) stations in Lagos, set for inauguration by May. The Managing Director of NIPCO Gas Ltd., […]
Tinubu urged to intervene in Dangote Refinery pump price of diesel
A chieftain of the All Progressives Congress (APC) in Osun State, Olatunbosun Oyintiloye, has appealed to President Bola Tinubu, to intervene in the possible […]
We’re taking steps to restore oil production shortfall, maximise well utilisation – Lokpobiri
The Federal Government has said measures are being put in place to restore oil production in view of recent concerns regarding shortfall in oil […]
Groups brainstorm on Methane Emission mitigation in Nigeria
By BARBARA KALU, Port Harcourt – Experts and stakeholders have been brainstorming on ways to bring Nigeria out of the top 10 methane emission polluters […]
Sneak Peek: How Nigeria spent years burning money – Charles Osezua
…an excerpt from The Rise of Gas: From Gaslink to the Decade of Gas by Charles Osezua The Rise of Gas (From Gaslink to the […]
Chevron acquires first electric tanker for maritime customers
Chevron is chartering its first hybrid electric bunker tanker, a vessel that fuels other ships, from V-Bunkers, the Singaporean bunker arm of energy and commodities […]
NNPC refuses disclosure, abandons Jos Oil Pipeline Project
By AUDU LIBERTY OSENI – The Nigerian National Petroleum Corporation (NNPC), saddled with the responsibility of managing and harnessing Nigeria’s oil and gas, in what […]