Oil & Gas
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Crude hits 7-year high on recovery hope as equity rally runs out
Crude oil hit a more than seven-year high Tuesday on optimism the global recovery will ramp up demand, but concerns…
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Energy Crisis: NLNG suspends cooking gas export, channels 100% to domestic market
The Nigeria LNG Limited announced on Thursday that its board of directors had approved the supply of 100 per cent…
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Dangote Refinery will boost growth of downstream sector in 2022 – CPPE, others affirm
The Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, has identified Dangote Petroleum Refinery as one…
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Buhari inaugurates NNPC Board, demands transparency, accountability
President Muhammadu Buhari has urged the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited to ensure strict…
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Amid declining production, Nigeria loses 4.82m oil barrels to shutdowns, vandalism in upstream operations
Nigeria’s oil industry has continued to bleed owing to incessant shutdowns due to ageing upstream infrastructure, vandalism and community-related issues,…
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N556bn crude oil lost to vandalism, others in three months – NNPC report
Nigeria lost crude oil valued at about N556bn between August and October this year due to pipeline vandalism, community interferences,…
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Jake Riley consolidates leadership role in oil services
Jake Riley has entered an agreement with Novomet FZE, a renowned OEM and a leading provider of Electric Submersible Pumps…
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Oil marketers threaten strike over unpaid N50bn bridging claims •May spiral fuel scarcity
Northern Independent Petroleum marketers have lamented that the Federal Government through the Petroleum Equalization Fund is yet to settle about…
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Energy Crisis: Price of domestic gas to crash as NNPC set to increase supply
Hope of Nigerians for a reduction in the high prices of domestic cooking gas was rekindled on Monday following the…
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Energy Crisis: Gas price may skyrocket as government hits importers with N27bn tax
The current energy crisis in the country could worsen in the coming weeks as the Federal Government returned taxes on…
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