Crude Oil Price Increases Over US EIA Bullish Signal

Oil prices surged on the international market after a study showed a significant decline in US crude investment. Numerous uncertainties influencing the supply and...

Independent Petroleum Marketers Association of Nigeria to Begin Selling CNG – Spokesperson

The National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), revealed that the association is in discussions with the Federal Government...

Nigeria’s Electricity, Fuel Subsidy Will Consume N7tn – IMF

According to the International Monetary Fund, if the current gasoline pump price cap and energy subsidies are maintained in 2024, Nigeria could have to...

Crude Oil Balances At $83 As OPEC+ Extends Output Cuts

The Organization of Petroleum Exporting Countries (OPEC) and its partners, known as OPEC+, extended its oil output reduction for the second quarter of the...

FG Aims for Increased Oil Production Amid Rising Global Prices

The Nigerian government has set its sights on achieving a daily crude oil production target of 2.5 million barrels as global oil prices continue...

1,068 Oil Projects To Bring In $22.8bn Investments -FG

A total of $22.8 billion is expected to be attracted to the approximately 1,068 oil and gas projects that are now underway nationwide and...

FG Clears $120m Gas Debts Amidst Widespread Blackout

The Federal Government of Nigeria has taken a significant step towards addressing the ongoing energy crisis in the country by clearing a substantial portion...

FG Unveils $22.8 Billion Investment Plan for Oil and Gas Projects

The Federal Government has revealed plans to attract $22.8 billion in investments for over 1,000 oil and gas projects approved between 2022 and 2023...

Subsidy Removal Slashes Petrol Imports by Nearly a Billion Litres Monthly

The Minister of Information and National Orientation, Mohammed Idris, revealed on Wednesday a significant decline in the importation of Premium Motor Spirit (PMS), commonly...

NNPC Aims to Eliminate Fuel Shortage within a Decade

The Nigerian National Petroleum Corporation Limited (NNPCL) has laid out an ambitious plan to eradicate the country's energy shortages within the next ten years,...

FG Raises Concerns Over Crude Shortage for Dangote and PH Refineries

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has expressed apprehension regarding the availability of crude oil for newly inaugurated refineries in...

FG to Complete $700m OB3 Gas Pipeline Project in March after Eight Years

The Federal Government made a significant announcement on Tuesday, revealing that the long-awaited $700 million Obiafu/Obrikom/Oben gas pipeline, also known as OB3, is set...

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