OIL AND GAS

Nigeria to receive OPEC support for oil output recovery

Saudi Energy Minister Khalid al-Falih said Monday that OPEC and 10 other major oil producers remained supportive of conflict-torn Libya and Nigeria as they attempt to recover and increase crude production. OPEC and some non-OPEC...
NLNG pays N10.8trn to FG, JV, shareholders - MD

Nigeria’s gas export to China, Turkey, others rises

The export of Liquefied Natural Gas (LNG) from Nigeria to China, Turkey, India and other countries has risen over the last six months. Also, the Nigeria Liquefied Natural Gas (NLNG) has replaced six of its...

Nigeria LNG reiterates commitment to cleaner environment

The Nigeria Liquefied Natural Gas (NLNG) has reiterated its commitment to sustained supply of cooking gas to the local market, to boost domestic consumption and a cleaner environment. Mr Tony Okonedo, the company’s Manager, Media...
Communities groan, seek FG's intervention in Delta

Gbaramatu communities threaten showdown with oil companies

Gbaramatu communities threaten showdown with oil companiesGbaramatu Kingdom in Warri South West Local Government Area of Delta State has threatened a showdown with oil companies operating in their domain over alleged nepotism and tribalism. The...
Minister of State for Petro­leum Resources, Dr. Ibe Kachikwu

Nigeria’s Oil Reserve To Dry Up In 30 Years ― Ibe Kachikwu

President Muhammadu Buhari declared on Wednesday that Nigeria’s oil reserve estimate as per reserve has been estimated to dry up in the next 25 years to 30 years at most. To this end, the President...

Nigeria okays gas masterplan to boost industrial growth

Fresh move to unveil a new gas master plan to drive Nigeria’s industrial growth is underway, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. The minister, who disclosed this in Abuja...
DPR Seals Two Stations for Hoarding, Diversion of Petrol

No adulterated petroleum products in Bayelsa – DPR

The Department of Petroleum Resources (DPR), on Tuesday allayed fears over the purported circulation of adulterated and illegally refined petroleum products in Bayelsa. Mr Asuquo Antai, Operations Controller of DPR in Bayelsa, told Newsmen in...
FG Receives $42bn From Shell In Five Years

Court sets aside $2.5b judgment by Shell, Esso against NNPC

The Court of Appeal in Abuja has set aside a portion of an arbitral award got by Shell Nigeria Exploration and Production Limited (Shell) and Esso Exploration and production Limited (Esso) against the Nigerian...
Minister of Finance Mrs Kemi Adeosun

NNPC Refunds N450bn To FG, States, LGs – Adeosun

The Nigeria National Petroleum Corporation, NNPC, has completed the refund of N450 billion to the federation account, to be shared among the federal, states and local governments. The Permanent Secretary, Ministry of Finance, Mahmoud Isa-Dutse,...

Conoil declares N3.10 per share dividend for 2016

Conoil Plc on Wednesday announced a total dividend of N2.15 billion for the financial year ended Dec. 31, 2016 in spite of challenging operating environment. The News Agency of Nigeria (NAN) reports that the dividend...

Power sector loses N1.43 billion in one day to gas, grid constraints

The power sector is said to have lost about N1.43 billion to constraints associated with grid and gas in one day (June 17, 2017), according to statistics released by the Presidential Advisory Power Team...

NNPC crashes diesel price nationwide by 42%

Price of Automotive Gas Oil (AGO), also known as Diesel, has crashed to about 42% nationwide, a huge downslide over the last six months, following key strategic interventions by the Nigerian National Petroleum Corporation...

SOCIALISE

57,536FansLike
62,531FollowersFollow
3,230FollowersFollow
11SubscribersSubscribe

LATEST HEADLINES