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The talked about gas pipeline consteuction linking Ajaokuta to Abuja, to Kaduna, then to Kano has begun. The investment will see new gas power plants in Abuja, Kaduna, and Kano that will greatly improve electricity generation in the…
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In its avowed commitment to eliminate crude oil theft and illegal oil bunkering, the Nigerian Navy said it has destroyed a total of 2,287 illegal refineries in the last five years. Making the disclosure, during a press briefing to mark…
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Nigeria suffered a setback in its pursuit of justice over the controversial Malabu deal as a London judge ruled Friday that the $1 billion suit against oil giants Shell and Eni could not go ahead in England. According…
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Nigerian oil advertisers have requested that the Buhari organization give a valuing equation that will control the month to month changes in the siphon cost of Premium Motor Spirit (PMS), famously known as petroleum. They said…
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The dmg events, the organisers of the Nigerian Oil and Gas Conference and Exhibition (NOG) has announced a new date for the 2020 edition which also marks the 20th year anniversary of the event. Described as the meeting place for the…
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The Federal Government has spent about N10n subsidising petroleum products in the last 15 years, the Major Oil Marketers Association of Nigeria has said. MOMAN and other stakeholders, including the Depot and Petroleum Products Marketers…
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Operators in the downstream sector of the oil and gas sector have asked the Federal Government to unveil a pricing formula that will guide the monthly adjustments in the pump price of premium motor spirit (PMS) otherwise known as petrol in…
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Oil marketers under the umbrella of Oil Marketers Association of Ni­geria (MOMAN), Thursday, turned down Federal Government’s invita­tion to resume petroleum products importation into the country. Besides, the association, through its…
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National Bureau of Statistics (NBS), yesterday, said that the petroleum products importation statistics for full year 2019 reflected that 20.89 billion litres of Premium Motor Spirit (PMS), 5.15 billion litres of Automotive Gas Oil…
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The Federal Government, through the Department of the Petroleum Resources (DPR), yesterday, said it is yet to issue guidelines on the proposed bid rounds in Nigeria’s marginal oil fields, adding that such exercise cannot be done in…
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