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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 soarAmidst 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 lossThe 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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The Organisation of Petroleum Exporting Countries (OPEC) Secretary-General, Mohammad Sanusi Barkindo, yesterday warned that the tight supply of gas could worsen owing to limited investment in the industry.According to him, “there…
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“Other industry players need to join the moving train, seize the opportunities and remain innovative to be able to thrive as the industry transits"The Nigerian National Petroleum Corporation (NNPC) has affirmed its readiness for…
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Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Malam Mele Kyari has said the corporation will continue to collaborate with its Joint Venture Partners and other key stakeholders in the oil and gas sector to…
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The Federal Government, through the Nigerian National Petroleum Corporation (NNPC) has pledged to produce at least 5 billion Standard Cubic Feet (SCF) of gas per day for domestic consumption by next year.The Managing Director of…
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