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A modular refinery company, Crown Refinery & Petrochemical Limited, Wednesday, partnered the Ondo State Government in the core business of refining crude oil into premium petroleum products. At the Memorandum of Understanding (MoU)…
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Troops of the Joint Task Force in the Niger Delta code-named Operation Delta Safe (OPDS) have carried out a joint operation in Bayelsa State, seizing a tugboat named ‘Aya Oba Olori II’ and a barge, ‘Rampage 13’, loaded with over 200,000…
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Oil producing communities in the Niger Delta region Thursday lamented the refusal of Shell Petroleum Development Company (SPDC) to comply with the resolution of the Senate to pay them the sum of N6.9 billion. The Senate resolution was…
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Nigeria’s importation of Premium Motor Spirit (PMS) also known as Petrol, finally hits the 20.14 billion litres mark in 2018. In the last quarter of 2018 alone, Nigeria imported 5.3 billion litres of PMS. Data for the four…
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The Nigerian National Petroleum Corporation (NNPC) has expressed its commitment to a zero gas flare regime for every new gas project, even as it trains its sights on commercializing existing gas flare projects for the benefits of the…
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Federal government’s policy moves to attract more foreign direct investments (FDIs) into the country’s creeping gas valorisation programme suffered a major setback weekend when expectations of resolution on the legal feud between the…
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Stakeholders in Nigeria’s oil and gas snector have urged the federal government to adopt the co-location strategy to unlock huge potentials in the country’s gas sector. The co-location initiative is an outcome of extensive Gas Based…
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The OPEC+ deal to curb oil production probably will be extended, “hopefully for another six months” beyond the end of June, Nigerian oil minister Emmanuel Kachikwu said. The agreement has stabilized the oil market and easing the curbs…
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Oil prices hit their highest of 2019 on Tuesday, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut. Brent futures reached a…
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The Nigerian National Petroleum Corporation (NNPC) says the ex-depot price of Premium Motor Spirit (PMS) also known as petrol remains N133.28 per litre. Ndu Ughamadu, the NNPC Group Spokesman, disclosed this in an interview with the…
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