Oil & Gas
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Despite vested interests, we’ll protect Nigeria’s interest in new PIB – Gbajabiamila
Despite the positions of any vested interest, the House of Representatives will ensure that it protects the interest of Nigeria…
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Three moribund refineries incur N5.92bn expenses at zero production
The Nigerian National Petroleum Corporation (NNPC) has reported its three refineries incurred N5.92 billion expenses in September 2020 at zero…
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Nigeria’s cooking gas consumption rises, exceeds 1m MT
The Petroleum Products Pricing Regulatory Agency on Tuesday announced that the consumption of Liquefied Petroleum Gas in Nigeria, popularly called…
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OPEC backs electric vehicles, says oil remains relevant
The Organization of the Petroleum Exporting Countries (OPEC) has expressed its support for the adoption of electric vehicles in a…
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Fuel subsidy returns as open market price of petrol hits N183 per litre
The increment in the price of crude oil at the international market has pushed the price of Premium Motor Spirit…
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Elumelu’s Heirs Holdings acquires 45% of OML 17 from Shell, Total, ENI
Heirs Holdings, the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc, Nigeria’s largest publicly…
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BREAKING: Shell sells stake in Nigerian oil block for $533m
The Shell Petroleum Development Company of Nigeria Limited has announced the completion of the sale of its 30 per cent…
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NNPC seeks $1bn in oil prepaid deal to revamp Port Harcourt refinery
The Nigerian National Petroleum Corporation (NNPC) has begun talks with trading firms to raise about $1 billion in a prepayment…
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Nigeria’s Q3 oil exports to US suffer 820,000-barrels drop
The volume of Nigerian crude oil bought by the United States dropped by 11.83 per cent in the third quarter…
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RMAFC applauds NNPC for openness, sustained progress
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has commended the Mallam Mele Kyari-led management of the Nigerian National Petroleum…
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