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Oil and gas firms operating in Nigeria flared 12.26 billion standard cubic feet (SCF) of gas in September 2021, representing 7.13 per cent of the total gas produced in the country in the month under review, according to data released…
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Oil prices continued to surge ahead of Thursday’s meeting of the Organisation of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) to review output.Oil price increased by 1.36 percent to $84.71 for U.S. West Texas…
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Nigeria is far from attaining its full potential in the oil and gas industry as the country’s proven oil reserves are not rising to replace oil being pumped daily despite a current quest by some war-torn countries to supply more crude…
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"They sold their products in 10-litre jerrycans at a price between N2,000 and N2,500 to motorists who could not stay in queues at filling stations"Black marketers of petrol surfaced in parts of the Federal Capital Territory on…
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Host communities in Ogoni, Rivers State have outlined conditions to the federal government for the resumption of oil exploration and exploitation in the area.This as the group has urged the President Muhammadu Buhari's led federal…
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"The number of Nigeria's total offshore oil rigs remained unchanged in September as the country continued to struggle to meet the production quota"Nigeria lost about 44.42 million barrels of crude between October 2020 and September…
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Motorists have attributed the sudden return of long queues at filling stations across Taraba State to hoarding.The motorists, who on separate occasions expressed their dismay over the long queues, accused marketers of hoarding the…
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"...In March, the oil firm told FAAC that it spent N4.19bn in the preceding month on the repairs of pipelines, adding that crude oil valued at N26.99bn was lost in the same month"Between January and September 2021, Nigeria lost…
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The dust generated by Federal Government’s recent decision to scrap the Department of Resources (DPR), Petroleum Equalisation Fund (PEF) and the Petroleum Products Pricing Regulatory Agency (PPPRA) appears not yet settled in…
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“Modular refineries are also adding capacities such as the 5,000 BPD Waltersmith Refinery, which will be upgraded to 50,000 BPD"The Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, has said that the…
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