Oil & Gas
-
CDS pledges military support for protection of oil, gas assets, as NNPC loses 200k barrels of oil daily
The Chief of Defence Staff, Maj-Gen Lucky Irabor, has promised to galvanize the military to provide maximum security for the…
Read More » -
Kano community drags FG, NNPC to court over AKK gas pipeline
The multimillion naira Ajakuta-Kaduna-Kano (AKK) gas pipeline has suffered a set back following a Federal High court order stopping the…
Read More » -
Shell rattled by bank accounts restrictions, as Aiteo seeks $4bn for 16mn barrels of crude diverted
There are strong indications that Tuesday’s injunction of a Federal High Court, Lagos, barring Royal Dutch Shell’s Nigerian subsidiary from…
Read More » -
No plans to hike price in February- NNPC
The Nigerian National Petroleum Corporation (NNPC) has denied plans to increase fuel price from February. There had been speculations the…
Read More » -
Breaking: New petrol price imminent as landing cost hits N180 per litre
THERE were indications, Monday, that stakeholders would soon emerge with a new price of petrol as the landing cost of…
Read More » -
Oil prices climb past $63 as deep freeze shuts US oil wells
Oil prices rose on Tuesday as a cold front shut wells and refineries in Texas, the biggest crude producing state…
Read More » -
Fuel hike: Panic buying as govt warns against fire disaster
The Ekiti State government, on Thursday, warned residents against stocking petroleum products in homes and business areas, noting that such…
Read More » -
NNPC records N2.034tr from petrol sales in one year
The Pipelines Product Marketing Company (PPMC)- a subsidiary of the Nigerian National Petroleum Corporation (NNPC) raked in N2.015 trillion from…
Read More » -
Oil Market: Price of Bonny Light rises to $58.93 per barrel as Iraq, Kazakhstan promise to cut output
For the first time in 2021, the price of Bonny Light, Nigeria’s premium oil grade, has risen to $58.93 per…
Read More » -
Oil price rises above $57, highest in 12 months
The international oil benchmark, Brent crude, rose more than two per cent on Tuesday, hitting a 12-month high after major…
Read More »