OIL & GAS

OIL & GAS

Petrol subsidy
COVER NEWSLETTER OIL & GAS

Timipre Sylva, minister of state for petroleum resources, says the federal government is working to make fuel available at N97 per litre, using the compressed natural gas (CNG) ...
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COVER OIL & GAS

Relief may have come the way of international oil companies (IOCs) operating in Delta as the state government has placed a ban on any form of protest by ...
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Crude Oil Prices
COVER NEWSLETTER OIL & GAS

Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of ...
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COVER NEWSLETTER OIL & GAS

The Bayelsa State Government has appealed the judgment of the Federal High Court, Abuja, which ceded disputed oil wells between Rivers and Bayelsa States to Rivers State. The ...
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Crude Oil Prices
COVER NEWSLETTER OIL & GAS

Oil edged further above $65 a barrel on Friday as concerns about a possible renewed spike in Middle East tensions outweighed rising U.S. inventories and other signs of ...
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N50 PoS Charge
COVER NEWSLETTER OIL & GAS

Oil marketers have described the N50 stamp duty charge introduced by the Central Bank of Nigeria as unfair and inequitable for petrol dealers. Chief Executive Officer and Executive ...
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Buhari
COVER NEWSLETTER OIL & GAS

President Muhammadu Buhari on Wednesday met behind closed doors with the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, at the Presidential Villa, Abuja. ...
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OPEC
COVER NEWSLETTER OIL & GAS

In December last year, members of the Organisation of Petroleum Exporting Countries (OPEC) pumped less crude per day, in compliance with an output cut that was agreed by the world’s ...
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Chevron
COVER OIL & GAS

The Chevron branch of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has demanded the removal of the Chairman and Managing Director of Chevron, Mr ...
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Nigeria
COVER NEWSLETTER OIL & GAS

A group known as Partner for Petroleum & Energy Sector Prosperity Initiative (P-PESPI) has called on President Buhari to urgently escalate his intervention to stop criminals to vandalize ...
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Nigeria Customs Service
COVER NEWSLETTER OIL & GAS

The Nigeria Customs Service has disclosed that since the ban on supplying petrol to border filling stations became effective, over 60,000 litres of petrol have been seized from smugglers by ...
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Crude Oil Prices
COVER NEWSLETTER OIL & GAS

Crude oil prices spiked by 4% on Friday upon news that a top Iranian general was killed in an airstrike by the United States military. Brent crude futures, ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Federal Government, through the Nigerian National Petroleum Corporation(NNPC) spent N55.58 billion to subsidise Premium Motor Spirit (PMS) also known as petrol, in December 2019. The Petroleum Products ...
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Nigeria
COVER NEWSLETTER OIL & GAS

Nigeria may have its first standard modular refinery up and running within the next five months. Industry-based reports have shown that the world would continue to use fossil ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has stated that a total of 276.04 billion cubic feet (bcf) of natural gas was flared from Nigeria’s oil fields between September ...
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NLNG Train 7
COVER NEWSLETTER OIL & GAS

Saves $20 billion in new revenues, creates over 12,000 new jobs More facts have emerged on the decision by President Muhammadu Buhari to order the release of the ...
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DPR
COVER NEWSLETTER OIL & GAS

The Department of Petroleum Resources (DPR) in Plateau State has sealed no fewer than 33 pumps in various filling stations in Jos, for various offences including under dispensing ...
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Nigeria's oil output
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) said it would increase its stake in a Chevron-operated gas-to-liquid (GTL) refinery to 60 per cent as part of a cost dispute ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has disclosed that it recorded more breaks on its oil pipelines across the country in September, with 28 (or by 18%), compared ...
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Border Closure
COVER NEWSLETTER OIL & GAS

Ibrahim Ciroma, Adamawa state operations controller of the Department of Petroleum Resources (DPR), says the number of trucks entering Adamawa on a daily basis has reduced from 100 ...
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