Nigeria has accumulated up to $3 billion in debts to trading houses such as Vitol and oil majors such as BP for…
Category:
Oil and Gas
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Bayelsa State Governor, Senator Douye Diri, has called for an amendment to the Petroleum Industry Act (PIA) in order to address the…
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Oil edged higher on Friday and was on course for a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted…
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The Federal Government has issued licences to the NNPCL Exploration and Production Ltd. and Belema Sweet Export Terminal Ltd for establishment of…
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TotalEnergies has discovered oil and gas at the OML 102 offshore oilfield in Nigeria, the French company said on Tuesday. Dr Charles…
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Shell Nigeria Exploration and Production Company (SNEPCo) paid a total of $907 million as taxes and royalties to the Nigerian government last…
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NewsOil and Gas
NMDPRA accuses Exxon Mobil of oil theft, appoints Adesua Dozie as Vice-Chairman of Board
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has written to the military high command, alleging illegal lifting of petroleum product…
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Lagos State Government on Friday urged the state residents to embrace natural gas for cleaner energy, mass job creation, boost in commerce…
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Nigeria’s state oil firm NNPC Ltd is winding down crude swap contracts with traders and will pay cash for gasoline imports, its…
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NewsOil and Gas
Saudis to cut oil production by 1m barrels a day in July as OPEC+ extends output deal
Saudi Arabia will voluntarily cut production by 1 million barrels a day in July, alongside an agreement by the Organisation of the…
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The Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Bashir Jamoh OFR, said policies of the current administration at…
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Group Managing Director and Chief Executive Officer of the Nigerian National Petroleum Corporation Limited, Mele Kyari has said that plans by President…
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NewsOil and Gas
NNPC Limited confirms petrol price changes contrary to Tinubu recounting subsidy removal is not immediate
The Nigeria Labour Congress NLC has described Tinubu’s submission on fuel subsidy as insensitive, adding that “President Tinubu on his inauguration day brought tears…
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The Federal Competition and Consumer Protection Commission has said that in agreement with other agencies of government will enforce compliance to the…
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Senator Orji Uzor Kalu, has asked President Bola Tinubu to as a matter of urgency, scrap the Ministry of Niger Delta Affairs.…