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The Organisation of Petroleum Exporting Countries (OPEC), has affirmed its decisions for upward adjustment of the monthly overall production by 0.435 million barrels per day (mb/d), for June 2022. This followed the conclusion of the…
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The Federal Government yesterday disclosed that it has paid petroleum marketers over N58 billion as bridging cost in the past five months. A statement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)…
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…As Africa’s Gas Production Set To Hit 470BCM Nigeria is standing out as potential gas supplier to Europe with critical gas conveyor infrastructure being developed to enhance supply to European nations withdrawing from Russia. …
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A rising oil price is considered to be beneficial to a major oil exporter like Nigeria, however, the Central Bank of Nigeria (CBN) has indicated that the recent increase in oil prices does not equate to higher revenue nor does it…
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The Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to host the maiden edition of the Nigerian Content Midstream/Downstream Oil & Gas Stakeholders Summit, with theme, Maximizing Potentials in the…
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By YANGE IKYAA  Reconstruction works on the vandalized transmission tower number 104 on Odukpani - Ikot Ekpene 330kV double-circuit transmission line in Akwa Ibom State has been completed, the Transmission Company of Nigeria (TCN)…
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By YANGE IKYAA Eni on Wednesday released the 16th voluntary sustainability report that outlines the company's contribution and objectives for a just transition from fossil fuels to green fuels. With a view to sharing social…
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The undersupply of Premium Motor Spirit, PMS, also known as petrol in Abuja continued on Wednesday, leading to over 100 per cent hike in transport fares, scores of motorists stranded and an abrupt shut down of small scale business in…
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Most major marketers are shifting their supply of the premium motor spirit, widely known as petrol, to the South-East and other regions selling above the N165 per litre price band to recoup their gains, the ICIR findings have shown. …
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•Says fuel scarcity may linger unless FG pays N500bn claims •We have 2.8bn litters stock of PMS — NNPC Amidst lingering queues at filling stations in some locations in Abuja yesterday, there are indications that a major fuel…
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