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The Department of Petroleum Resources (DPR) has sealed two filling stations in Gusau for violating its rules and regulations. The Operations Controller in charge of Gusau DPR Office, Alhaji Yusuf Shehu, told newsmen of the sealing…
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Despite assurances from the Federal Government and the Nigerian National Petroleum Corporation (NNPC) at the weekend that the price of Premium Motor Spirit (PMS), popularly called petrol, remains, some recalcitrant marketers across the…
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In order to make its oil sector more competitive and gain significant long-term influence in the global gas market, Egypt intends to strengthen its local production capacity for refined products. According to a press release, Egyptian…
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The Oloibiri Lecture Series & Energy Forum (OLEF) makes a comeback for the 2021 edition after the last-minute suspension of the 2020 edition due to the COVID-19 pandemic with the Minister of State for Petroleum Resources, Timipre Sylva…
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From an undesirable position of importing LPG (cooking gas) cylinders, Nigeria is on course to become the world’s largest manufacturer of composite cylinders with the groundbreaking of Rungas ALFA plant performed on Friday by the Minister…
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Persistent policy advocacy mounted by investors in the Nigerian petroleum industry may have started earning the conviction of key government agencies on the need for adequate rewards for investments in the industry. The Nigerian…
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The domestic fuel market is another complicated price confusion which has triggered scarcity of the premium motor spirit also called petrol as marketing companies apply caution against sudden price shocks. The crisis emerged from a new…
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Chief Timipre Sylva, Minister of State for Petroleum Resources, says the Federal Government is committed to making Liquefied Petroleum Gas (LPG) cylinders available to Nigerians at affordable prices. The News Agency of Nigeria (NAN)…
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PPPRA template had increased the pump price, currently standing at N162 to N212.6 per litre but the national oil company on it’s official Twitter handle countered the move, noting that the pump price has not changed. PPPRA template,…
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Crude futures rallied nearly 3% March 11 amid a rising tide of bullish sentiment fueled by improved second-half 2021 outlooks. In its closely watched Monthly Oil Market Report released March 11, OPEC revised up its forecast of 2021 oil…
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