Oil & Gas
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Petrol queues get longer as scarcity worsens in Lagos, environs
Petrol scarcity has worsened in Lagos and its environs as many motorists and other users make frantic efforts to buy…
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Nigeria fails to meet oil production targets in 10 years
Despite having crude oil in abundance, Nigeria has consistently failed to meet oil production targets as stipulated in national budgets…
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Marketers predict fresh hike in petrol, as PH refinery begins test-run
The Federal government, on Wednesday, said the Port Harcourt Refinery Company is still being test-run, promising that refined petroleum products…
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Nigeria loses nothing from oil companies’ asset divestment, says Minister
Following the mass divestment of assets belonging to some International Oil Companies (IOCs), the latest being Shell Petroleum Development Company…
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Shell to exit Nigeria’s onshore oil after nearly a century, to sell subsidiary for $2.4bn
Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell…
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7 major marketers get approval to sell Dangote fuel
Seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of refined…
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Dangote Refinery begins production
The Dangote Refinery has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began operations…
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Bayelsa community reports ‘mystery’ oil spill
FOROPA, a fishing settlement along the Atlantic coastline in Southern Ijaw Local Government Area of Bayelsa, has reported a ‘mystery’…
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Nigeria ranks 22nd in global petrol price index
A recent report titled ‘Global Petrol Prices, Octane-95, January 1, 2024′ has highlighted the substantial discrepancies in gasoline prices worldwide,…
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Nigeria spends N2.7trn to import PMS, diesel in three months
Nigeria spent N2.7 trillion to import premium motor spirit (PMS), diesel and jet fuel in the third quarter of 2023,…
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