Oil & Gas
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FG, again rejects govs’ N380/litre proposal for fuel price
Barely three months after the Federal Government turned down the recommendation by the Nigeria Governors’ Forum for an increase in…
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BREAKING: At last, Shell Petroleum bows to Court order, agrees to pay N45.9bn compensation to Ogoni people over oil spills
Justice came the way of the Ogoni people of Rivers state on Wednesday at the Federal High Court in Abuja…
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We have no plans to take over Dangote Refinery – AMCON
Contrary to some reports that the Assets Management Corporation of Nigeria (AMCON) could take over the Dangote Refinery over debts…
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NNPC records N43.57bn trading surplus for April
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦43.57billion for April 2021, representing a 23.64% increase…
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Crude Oil: Bonny Light slides to $71.24 per barrel as it succumbs to US stock, Covid-19 Delta variant
THE price of Bonny Light, Nigeria’s premium crude oil grade, Wednesday, dropped to $71.24 per barrel from $72 recorded the…
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Dangote Refinery, more than a project, a business inspiration to private sector operators – Tinubu
As efforts are being intensified for the imminent completion of the Dangote Refinery in Lagos, the project has been described…
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First female Managing Director for deep-water Nigeria unveiled by Shell
World energy giant, Shell, has named Elohor Aiboni as the Managing Director of its Nigeria deep-water business, Shell Nigeria Exploration…
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NNPC sales petrol worth N2.113trn to consumers in 13 months
The Nigerian National Petroleum Corporation (NNPC) on Sunday disclosed that it sold N2.113 trillion worth of petrol between March 2020…
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Oil price drops to $74.18, as Russia rallies OPEC on market stability
Brent, the oil against which Nigeria’s crude is priced, dropped marginally on Tuesday, shedding 32 cents to close at $74.18…
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Fear of fuel scarcity looms as tanker drivers embark on strike
The Chairman of Independent Petroleum Marketers Association of Nigeria, IPMAN, Rivers chapter, Mr. Joseph Ebele has said that the ongoing…
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