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“This is true not only for hydrocarbon-rich countries such as Iraq and Nigeria but also for some mineral-rich countries, such as Guinea and Sierra Leone" In another 49 years, Nigeria may run out of crude oil, unless new oil wells…
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The pump price of Automotive Gas Oil, also known as diesel, may rise further as the Major Oil Marketers Association of Nigeria says its landing cost has increased to N336.45 per litre. It had been reported on October 7 that fuel…
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Luwoye attributes the price hike to the introduction of 7.5% Value Added Tax on imported LPG, the devaluation of the naira and the scarcity of dollars The Chief Executive Officer of Ecogas Energy Resources Limited, Shina Luwoye, has…
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Oil rose further above $84 a barrel on Friday, within sight of a multi-year high hit this week, as expectations OPEC and its allies will keep supply tight countered rising U.S. inventories and the prospect of more Iranian exports. …
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"This trend is expected to worsen in the coming months, with fuel prices likely to increase even further due to a surge in post-pandemic demand" Africa's abundant sunshine is ideal for renewable energy production. But the continent…
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Seplat Energy Plc reported profit in the sum of N13.86 billion January to September, a comeback from a loss position in the corresponding period of 2020, for which it incurred a loss of N33.7 per cent. That implies a 141.3 per cent,…
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*As LPG prices soar Amidst of rising cost of cooking gas, also known as Liquefied Petroleum Gas, the Nigerian National Petroleum Corporation (NNPC) said it has spent N51.5 billion on various gas projects under the National Domestic…
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"NNPC is committed to continuing to support the sustenance of its operations through adequate funding" *Sets 2023 deadline to exit loss The management of Port Harcourt Refining Company (PHRC), the midstream subsidiary of the…
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The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has warned that the annual subsidy on Premium Motor Spirit (petrol) could rise to N3 trillion if the current market…
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Addressing the second biennial International Conference on Hydrocarbon Science and Technology (ICHST) in Effurun, Delta State, Kyari observed that Nigeria’s vast gas reserves were sufficient to drive massive development, hence the…
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