FG Receives $2.25bn From NNPC’s $3.3bn Oil-For-Cash Loan Facility
The African Export-Import Bank (Afreximbank) and the United Bank for Africa (UBA) have successfully disbursed $2.25 billion as part of the $3.3 billion oil-for-cash loan facility, facilitated by the Nigerian National Petroleum Company!-->!-->!-->…
Read More...
Read More...
Captain Of Arrested Vessel Names Collaborator In Alleged Illegal Bunkering Activity
The Captain of MT Kali, a vessel arrested in Bayelsa State by the combined team of Nigeria Security and Civil Defence Corps (NSCDC) and a private pipeline surveillance security outfit, Tantita Security Services Nigeria Limited (TSSNL)!-->!-->!-->…
Read More...
Read More...
Tantita Impounds Vessel Illegally Lifting Crude Oil in Bayelsa
Tantita Security Services Limited (TSSL), a pipeline surveillance firm owned by an ex-agitator, Mr. Government Ekpemupolo, otherwise known as Tompolo, has announced the impounding of a vessel, MT Kali, laden with unquantified barrels!-->!-->!-->…
Read More...
Read More...
IPMAN dismisses plans to hike fuel price in S’East
Independent Petroleum Marketers Association of Nigeria, IPMAN, has dismissed the alleged plan to increase the prices of Petroleum products in the South East by Nigerian National Petroleum Corporation Limited NNPCL.
This is coming as!-->!-->!-->!-->!-->…
Read More...
Read More...
Outgoing French Ambassador Cites Nigeria’s Oil Contract Challenges as Factor Pushing European…
In a notable diplomatic revelation, the outgoing French Ambassador has pointed to Nigeria’s challenges in fulfilling oil contracts as a significant factor leading to a distancing of European countries. The ambassador, in a candid!-->!-->!-->…
Read More...
Read More...
NIPCO invests N100bn to boost auto gas in Nigeria
*Propane AutoGas refueling option.
The Nigerian Independent Petroleum Company, NIPCO, has invested over N100 billion in the gas sector to deepen the utilisation of Compressed Natural Gas, CNG, otherwise known as auto-gas in Nigeria in!-->!-->!-->…
Read More...
Read More...
TotalEnergies visits NCDMB, reconfirms FID for Ubeta project in 2024
Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer!-->!-->!-->…
Read More...
Read More...
Crude Prices Jump as Iran Seizes US Oil Tanker
Prices of crude oil climbed by about 3 per cent on Thursday, spurred by fresh tension after Iran seized an oil tanker off the coast of Oman, raising the prospect of escalating conflict in the Middle East.
Brent futures rose by $2.23!-->!-->!-->!-->!-->…
Read More...
Read More...
‘Stop The Attack, Kyari, NNPC Ltd Did No Wrong With $3bn Afreximbank Deal’
NNPC Group Chief Executive Officer, Mele Kyari
For the umpteenth time, the Nigerian National Petroleum Company Limited and its Group Chief Executive Officer, Mele Kyari have come under another attack through an article written by one!-->!-->!-->…
Read More...
Read More...
OPEC says Nigeria’s December Oil production Quota increased by 50,000bpd
According to a Bloomberg survey, crude oil production by the Organisation of Petroleum Exporting Countries (OPEC) remained stable last month. Ship-tracking data, official information, and estimates from consultants, including Kpler!-->!-->!-->…
Read More...
Read More...

