The Federal Government has earmarked $8 billion dollars for the execution of the Nigerian Gas Master Plan with specific interest in meeting…
Category:
Oil and Gas
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The Federal Government has said it has paid a total of N287.352 billion to oil marketers since the beginning of the year…
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The Nigerian National Petroleum Corporation (NNPC) said on Monday that the Federal Government gas revolution agenda was intact. The corporation said that decision…
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The Minister of Power, Prof. Chinedu Nebo, said on Monday in Abuja that the country had lost about 35 per cent of…
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FinanceNewsOil and Gas
Nigeria losses $11 billion to crude oil theft, pipeline vandalism —- NEITI report
The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday in Abuja said Nigeria lost over 11 billion dollars to crude oil theft and…
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The Department of Petroleum Resources (DPR) says Nigeria is losing over 4.9 million dollars (more than N735 million) daily to gas flaring.…
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The Nigeria National Petroleum Corporation has borrowed $1.4 billion to pay debts it owed to companies it bought petroleum products from. The…
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In a bid to protect the nation’s environment, the Ministry of Environment has commenced moves to make oil spillage a criminal offence,…
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African Independent oil and gas company Taleveras has signed a Farm-Out Agreement with a subsidiary of LUKOIL, Russia’s largest private oil company,…
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The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a…
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Federal government has opened up 10 power plants under the National Integrated Power Project (NIPP) for international investment in London. Prof. Chinedu Nebo,…
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The hunt for Royal Dutch Shell’s next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what…
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By Omoh Gabriel Business Editor in Washington D.C The Minister of Finance and Coordinating Minister of Economy Dr. Ngozi Okonzo-Iweala said in…
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Defence Headquarters has said crude oil theft had dropped from 60,000 barrels per day (bpd) to 23,000. The Chief of Training and…
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The Federal High Court has in Abuja declared the Federal Government policy on deregulation of the downstream sector as unconstitutional. Mr Bamidele…