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Sarki Auwalu, Director, Department of Petroleum Resources (DPR) has called for the support of PENGASSAN towards the smooth implementation of the Petroleum Industry Act (PIA).Auwalu made the call on Thursday at the 6th Triennial…
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"The country utilised $83.73 million in July and $103.70 million in August for petroleum products importation" By Teddy NwanunobiThe latest data from the Central Bank of Nigeria (CBN) has revealed that the sum of $690.19 million…
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By Teddy NwanunobiFuel retailers, under the umbrella of Petrol Retailers Association (PRA), have warned that shortages at petrol stations across London and the South-East will remain “serious” due to fuel not being delivered where…
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By Teddy Nwanunobi As record prices have made the fuel prohibitive for many consumers, Europe’s industrial sector has started to cut demand for natural gas.Average consumption to-date in October is 12 per cent, lower than its…
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By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC), in its Oil Market Report for October 2021, said that Nigeria’s crude oil production averaged 1.451 million barrels per day (mbpd) in September 2021.…
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“Joe Biden knows that high gasoline prices are not good for incumbents. We’ll certainly be hearing more from the administration" By Teddy NwanunobiThe U.S. may ask the Organisation of Petroleum Exporting Countries (OPEC) member…
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"The smugglers usually go to the fuel stations with these vehicles to buy fuel which they will resell to bandits"In a bid to beat the security strategies in place in Katsina State, the Nigerian Customs has revealed how smugglers…
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"We need innovations, which is why we set up a $50 million research and development grant"Panelists at the recent Seplat Energy Summit in Abuja have identified finance, time, action, among others, as critical to Nigeria’s quest to…
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“Soon, the engineering, procurement and construction will commence and the targets of 7,000 MW (Phase 1), 11,000 MW (2nd Phase) and 25,000 MW (3rd Phase) will follow"The Secretary to the Government of the Federation, Boss Mustapha,…
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…As NNPC Plans to Rebuild Roads Under Tax Credit SchemeAs a follow-up to its efforts in sustaining the current smooth supply and distribution of petroleum products nationwide within the festive period and beyond, the Nigerian…
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