Fix refineries before subsidy removal – Don
A University Don, Olanrewaju Aladeitan, says before removal of the fuel subsidy, it is expected that ideal things, including fixing the refineries to be functional, […]
Oil & Gas
Natural Gas: Osinbajo unveils book, says Nigeria requires green hydrogen investments
Vice President Yemi Osinbajo says Nigeria, as a nation, needs to consider investments in Green Hydrogen in view of energy transition. Osinbajo made the call […]
Malami faults allegation of losing $2.4bn from crude oil sale to China
The Minister of Justice and Attorney General of the Federation (AGF) Abubakar Malami has dismissed claims that Nigeria lost over 2.4 billion dollars revenue from […]
NMDPRA urges petroleum operators to comply with regulatory laws
The Chief Executive Officer of Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), Mr Farouk Ahmed, has urged petroleum products dealers to operate within the […]
Seplat reports 39% jump in 9-month profit, declares interim dividend
Seplat Energy, Nigeria’s biggest oil and gas company by market value, reported a 39 per cent improvement in after-tax in naira terms for the first […]
NNPC Ltd has spent $1bn on AKK gas pipeline project – Kyari
The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has so far spent over 1.1 billion dollars on the ongoing construction of the Ajaokuta-Kaduna-Kano […]
NNPCL Board: Araraume floors Buhari, as court voids removal as non-executive chairman
▪ Restored to office▪ Awarded N5b in damages▪ Judgment voids all decisions by board since removal In a historic decision against a sitting President, Justice […]
Global energy demand to increase by 23% to 2045 – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) says global primary energy demand is forecast to increase by 23 per cent in the period to 2045, […]
Gas utilisation: NNPC deepens investments in AKK, OB3, others – Kyari
The Nigeria National Petroleum Company Ltd. (NNPC Ltd) is deepening investments in the Ajaokuta-Abuja-Kano (AKK) gas pipeline and OB3 gas interconnector to support five billion […]
NNPC Retail Ltd. restates commitment to OTL conference 2023
The Managing Director, Nigerian National petroleum Commission Retail Ltd., (NRL), Mr Huub Stokman, has restated the company’s commitment to the Oil Trading and Logistics (OTL) […]
Oil: OPEC predicts shortfall of 2m barrels per day by year end
The oil market is heading for a significant shortfall of around two million barrels per day at the end of the year as a result […]
Gbajabiamila says $2.4bn oil probe not witch-hunting
The 2.4 bilion dollars revenue probe over alleged illegal sale of 48 million barrels of crude oil export from 2014-2015 is not a witchhunt, says […]
Nigeria’s domestic gas network can transport 6.9bn bcf for power, others – Kyari
The Nigerian National Petroleum Company Limited (NNPC Ltd), says Nigeria’s domestic gas infrastructure network has capacity to transport 6.9 billion Standard Cubic Feet (BCF) of […]
AfDB boss calls for action to reduce world dependence on fossil fuel
African Development Bank (AfDB) Group President, Dr Akinwunmi Adesina, says urgent action is needed to reduce the world’s dependence on fossil fuels and harness Africa’s […]
FG approves amendment of 2022/2023 deep offshore oil block bid round
President Muhammadu Buhari has approved the amendment of the 2022/2023 Deep Offshore oil block mini-bid process to accommodate concerns raised by potential local and international […]
NDDC’s Partnership Approach to Unlocking the Niger Delta Potential, By PIUS UGHAKPOTENI
The Niger Delta region is like a diamond in the rough. It has vast potential for wealth and prosperity due to its reserves of oil […]
NNPCL begins oil drilling in Nasarawa
By DANJUMA JOSEPH, Lafia – President Muhammadu Buhari, has officially flagged off the spud-in of the Ebenyi-A Well located in the Middle Benue Trough, in […]
Oil exploration in Nasarawa to increase Nigeria’s reserves – NNPC Ltd
The Nigerian National Petroleum Company Limited (NNPC Ltd) says the positive outcome of Ebenyi-A Exploration Well will increase Nigeria’s hydrocarbon reserves from 37 billion barrels […]
Oil exploration in Nasarawa State will lead to greater prosperity, energy security – Buhari
By DAVID IORJA, Abuja – President Muhammadu Buhari on Tuesday declared that the discovery and drilling of oil in Nasarawa State will lead to greater […]
Okadigbo seeks gender equality promotion in energy sector
Sen. Margery Okadigbo, Board Chairman, Nigeria National Petroleum Company Limited (NNPCL) has emphasised the need to promote gender equality in the energy sector in view […]