Operators in the manufacturing and power sectors are currently groaning under the severe gas shortage and its impact on their production. A…
Category:
Oil and Gas
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Nigeria has earned over $50 billion as proceeds from exportation of liquefied natural gas in the last 15 years, the Managing Director…
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International Monetary Fund IMF, Executive Board, has urged the Federal Government to take strong action to address oil theft and production losses.…
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Brent oil was above $109 a barrel on Wednesday after a fall in stockpiles at the Cushing delivery point for U.S. crude…
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The Nigerian National Petroleum Corporation (NNPC) has described as false, rumours of an imminent increase in the pump price of Premium Motor…
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The Nigeria Extractive Industries Transparency Initiative (NEITI) in Abuja has recommended the privatisation of the country’s refineries. The NEITI Executive Secretary, Mrs…
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EconomyNewsOil and Gas
Reps want Shell censured over alleged lack of transparency on oil block OPL 245
The House of Representatives’ Ad- hoc Committee on Malabu Oil and Gas Limited has recommended that Shell Nigeria Ultra Deeps(SNUD) be censured…
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The Group Managing Director of NNPC, Mr Andrew Yakubu, on Tuesday in Abuja said that kerosene was not sold at the official price…
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Commodity trading houses Glencore and Mercuria are among the shortlisted consortiums expected to make final bids on Nigerian energy assets worth around…
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Poor implementation of independent audit reports in oil and gas sector is hampering prudent management of the extractive sub-sector’s revenue, Mr Ledum…
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Hopes of an early resolution of litigations over a $3.8 billion Egina oil platform project between the Lagos Deep Offshore Logistics (LADOL)…
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The Central Bank of Nigeria (CBN) has urged the Federal Government to monitor the utilisation of crude being managed by the Nigerian…
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The Governor of the Central Bank of Nigeria (CBN), Mr. Sanusi Lamido Sanusi said yesterday described the kerosene subsidy claim by NNPC…
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The Governor of the Central Bank of Nigeria (CBN), Mr. Sanusi Lamido Sanusi said yesterday described the kerosene subsidy claim by NNPC…
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shellThe Shell Petroleum Development Company (SPDC) has continued to discharge more crude to the environment at Ikarama community in Bayelsa, impacted by…