OIL & GAS

OIL & GAS

Fuel Subsidy Removal
COVER NEWSLETTER OIL & GAS

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has said the federal government was able to save over $400 million following the ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) on Monday raised its August official selling prices for Bonny Light crude oil and Qua Iboe crude oil, two of the country’s ...
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NNPC
COVER NEWSLETTER OIL & GAS

Despite not processing petroleum products for years, the federal government has continued to spend hugely on the nation’s three petroleum refineries. NNPC, in a full report of its ...
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NLNG
COVER NEWSLETTER OIL & GAS

The Nigeria Liquefied Natural Gas Limited (NLNG) has condemned the reports that it illegally withdrew the sum of $1.05 billion from its dividend account with the Nigerian National ...
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OPEC
COVER NEWSLETTER OIL & GAS

The Organisation of Petroleum Exporting Countries (OPEC) has predicted that the demand for crude oil will rise by 25 per cent in 2021 to average 29.8 million barrels ...
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Excess Crude Account
COVER NEWSLETTER OIL & GAS

Nigeria’s Excess Crude Account (ECA) now stands at $72 million as the country continues to grapple with an unprecedented revenue crisis not seen since the early eighties. The ...
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Seplat Appoints Emeka Onwuka
COVER NEWSLETTER OIL & GAS

Seplat Petroleum Development Company Plc. has appointed Mr. Emeka Onwuka as Chief Financial Officer and Executive Director, Lagos, and London. The appointment takes effect from August 1, 2020. ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) yesterday said it remitted about N219.16 billion to the Federation Account Allocation Committee (FAAC) in April. The corporation had earlier stated that ...
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DPR
COVER NEWSLETTER OIL & GAS

The Department of Petroleum Resources (DPR) announced that the available PMS depot stock as at July 7 is 1,469,146,806 litres with an estimated daily national demand of 38,200,000 litres which is sufficient ...
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NNPC
COVER NEWSLETTER OIL & GAS

Seven persons have died after an explosion at the ‘Oil Mining Lease 40’ operated by the Nigerian Petroleum Development Company (NPDC). The Group General Manager, Group Public Affairs ...
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Mass Resignation of Soldiers
COVER NEWSLETTER OIL & GAS

The House of Representatives has ordered an investigation into the alleged illegal withdrawal of the sum of $1.05 billion from the Nigerian Liquefied Natural Gas (NLNG) dividends account ...
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NEITI
COVER NEWSLETTER OIL & GAS

The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday called on the federal government to immediately abolish the Excess Crude Account (ECA) and transfer the balance to the Nigerian ...
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Malabu Oil Scam
COVER NEWSLETTER OIL & GAS

A former Attorney General of the Federation and Minister of Justice, Mr. Mohammed Adoke (SAN), has indicated his intention to commence legal action against an Italian prosecutor, Dr. ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has made new appointments and redeployments in a move to strengthen and reposition the corporation for greater efficiency, transparency and profitability in ...
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OPL 245
COVER NEWSLETTER OIL & GAS

Sergio Spadaro, the Italian deputy prosecutor, on Thursday told a Milan court prosecuting Shell and Eni over the OPL 245/Malabu affair that all parties involved in the deal ...
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Fuel Price
COVER NEWSLETTER OIL & GAS

The Nigeria Labour Congress (NLC) and the Peoples Democratic Party (PDP) yesterday kicked against the new fuel price of N143.80k announced by the Petroleum Products Pricing Regulatory Agency ...
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Fuel Price
NEWSLETTER OIL & GAS

The Federal Government has increased the pump price of Premium Motor Spirit, also known as petrol from ₦140.80 to ₦143.80 per litre. The Petroleum Products Pricing Regulatory Agency ...
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Petrol to Sell at ₦140
COVER NEWSLETTER OIL & GAS

The Petroleum Product Pricing Regulatory Agency (PPPRA) has recommended an upward review of the retail pump price of petrol from the previous N121.50. According to the agency, the ...
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Conoil
COVER NEWSLETTER OIL & GAS

Conoil Plc, a total energy provider, has reported a revenue of N139.8 billion for the year ended December 31, 2019, showing an increase of 14.4 per cent compared ...
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Abuja-Kaduna-Kano Gas Pipeline Project
COVER NEWSLETTER OIL & GAS

President Muhammadu Buhari yesterday inaugurated $2.8 billion Abuja-Kaduna-Kano (AKK) Gas Pipeline Project, with disclosures that the contract would create jobs, enhance technology transfer and boost local manufacturing. Sharing ...
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