Oil & Gas
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NNPC, Shell, others seal deal to unlock $10bn investments in Nigeria’s oil industry
The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners Tuesday executed joint agreements to renew Oil…
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Governors recommend full deregulation of petrol, N385 pump price
Ahead of Thursday’s Federation Accounts Allocations Committee (FAAC) meeting, the Nigeria Governors’ Forum (NGF) on Wednesday at its virtual meeting…
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Ijaw youths give oil companies 7-day ultimatum to leave Niger Delta
The Ijaw Youth Council (IYC) has given a seven-day notice to International Oil Companies (IOCs) to evacuate their personnel from…
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Pipeline shutdown sparks fear of US fuel scarcity
Fears the shutdown of a major fuel pipeline would cause a gasoline shortage led to some panic buying and prompted US…
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Nigeria’s fuel supply outlook bleak amid forex crisis – Report
The outlook for petroleum products supply in Nigeria is bleak as foreign exchange scarcity continues to hamper importation by private…
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Oil imports gulped $1.32bn in 2020, says CBN
The quantity of foreign exchange used for oil imports in 2020 was $1.32bn, compared to $2.10bn in 2019, the latest…
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Buhari returns ownership of four oil blocks to NNPC
President Muhammadu Buhari has approved the restoration of the leases on four Oil Mining Licences to the state-owned petroleum company,…
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Shell’s pipeline spills 110 barrels of crude oil into Bayelsa community
The Okordia-Rumekpe 14-inch crude truck line operated by Shell Petroleum Development Company (SPDC) has discharged some 110 barrels of crude…
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Why Shell, Chevron, other oil majors are leaving Nigeria
Fresh insights as to why the oil majors are gradually scaling down their operations and planning their exit from the…
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NNPC records N234.722bn petrol sale in January
The Nigerian National Petroleum Corporation (NNPC) recorded about N234, 722,222,150 from the sale of the Premium Motor Spirit (PMS) petrol…
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