British MP, report slam oil firms, allege environmental genocide in Bayelsa
Oil pollution in Bayelsa State was on the international focus on Tuesday as the report of the state’s Oil and Environmental Commission (BSOEC) was launched […]
Oil & Gas
Dangote refinery will revolutionise Nigerian oil, gas sector-Official
The President, Abuja Chamber of Commerce and Industry (ACCI), Dr Al-Mujtaba Abubakar has said that Dangote refinery would revolutionise the Nigerian oil and gas sector. […]
NNPC Ltd arrests 6 suspected crude oil thieves, destroys barge
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has intercepted an illegal Crude Oil Barge and arrested six suspected crude thieves in Warri, […]
Nigeria to save $20bn annually as first Oil and Gas park moves to commence operations
By TOM CHIAHEMEN – Nigeria stands a chance to save over $20billion annually as the first oil and gas parks located in Odukpani, Cross River […]
Dangote to inaugurate Refinery, petrochemical company May 22
Mr Anthony Chiejina, Group Chief Branding and Communications Officer, Dangote Industries Ltd. says the multi-billion Naira Dangote Refinery and Petrochemical company will be inaugurated in […]
Shell declares $10b profit In Q1
Shell on Thursday posted a first-quarter (Q1) net profit of $9.65 billion as strong earnings from trading and higher Liquefied Natural Gas (LNG) sales offset […]
African countries must join forces to diversify energy mix through AfCFTA – Kyari
Mr Mele Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company Ltd. (NNPCL), has called on African countries to take advantage of the implementation […]
FG to explore alternative funding model for oil & gas industry development – NUPRC
The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil […]
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, […]
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 […]