The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary,…
Oil and Gas
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BusinessEconomyNewsOil and Gas
Petrol: Motorists, commuters groan as marketers implement new pump price in Lagos
Motorist and commuters in Lagos have decried the increment in pump price of Premium Motor Spirit (PMS), following the new ex-depot price…
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The pump price of petrol has been increased to N151.56 per litre with effect from September 2, 2020. This was disclosed in…
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The Department of Petroleum Resources (DPR) has generated a total sum of N673.7 billion in the first half of this year. Its…
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NewsOil and Gas
Nigeria aims to be net exporter of petrol over next two-years as BUA picks Axens for refinery project
Nigeria aims to become a net exporter of petrol and other petroleum products over the next two years as oil refinery projects…
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Nigeria National Petroleum Corporation NNPC, said it recorded a N5.34 billion cost for fuel in June, months after it changed its pricing…
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NewsOil and Gas
Edo Modular Refinery to earn $125m annually from Naptha export, reset state’s economy
The Edo Modular Refinery being developed by Edo Refinery and Petrochemical Company Limited (ERPC) with support from the Edo State Government is…
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The Independent Corrupt Practices and Other Related Offences Commission has quizzed top management officials of the Niger Delta Development Commission over allegations…
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Senate has directed the Accountant General of the federation to investigate payments amounting to $18 billion as dividends from Nigeria’s investment in…
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Nigeria refineries in Nigeria are said to process almost no crude oil in the 13 months to end June, according to the…
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For the Nigerian Petroleum Industry to move forward in the face of the COVID-19 pandemic, the Nigerian National Petroleum Corporation (NNPC) Group…
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The changes in the global energy landscape has made it imperative for the oil and gas industry to adapt accordingly in order…
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The Managing Director, Total Exploration and Production Limited, Mr Mike Sangster, says the company targets to achieve a net zero carbon emission…
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NewsOil and Gas
NNPC Posts Crude Oil & Gas Export Receipts of $378.42m in June, records $4.60bn export sale in one Year
The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export receipt of $378.42million in June 2020 as…
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Timipre Sylva, Minister of State for Petroleum Resources, said the Federal Government had approved the establishment of Nigeria National Petroleum Corporation (NNPC),…