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Members of the Depot and Petroleum Products Marketers Association of Nigeria, Major Oil Marketers Association of Nigeria and the Independent Petroleum Marketers Association of Nigeria on Thursday declared that the government and its…
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Total is set to start up a biodiesel refinery using palm oil whose planned launch last summer sparked opposition from farmers producing vegetable oil and from environmental activists. The refinery in La Mede in southern France will…
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Crude oil, cash cow for Nigeria, yesterday sold at $67.27 a barrel. Two of the crude grades Brent and WTI recorded $8.59 per barrel price differentials before the end of transactions at the global market. While WTI was trading at $58.68…
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The Federal Government plans to deploy appropriate technologies to tackle the menace of inadequate power supply as well as a shortage in the supply of fuel and foreign exchange. The government stated this in a 100-page document –…
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The Senate, yesterday, approved the payment of N68.9 billion as part of outstanding subsidy claims to 20 oil marketers. A breakdown of the figure shows that while the Senate approved the payment of N10.8 billion as subsidy claim to…
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The Department of Petroleum Resources (DPR), international oil companies (IOCs), security agencies, community leaders and other stakeholders yesterday warned that oil theft was retarding the national economy and fuelling environmental…
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A senator from Anambra State, Victor Umeh, has said that payment of fuel subsidy and all the problems associated with it will never end in Nigeria. The senator said Nigerians are only deceiving themselves by hoping that a time will come…
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The Federal Government on Thursday, May 30, persuaded South Africa to advantage of Investment opportunities in the Nigeria’s gas sector, which it said is currently worth $50billion. Conveying the invite to South Africa in Lagos at the…
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About 240 firms have submitted their statements of qualification to the Federal Government in a bid to commercialise gas flaring in Nigeria. The firms handed in their statements of qualification following a request by authorities, as…
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Two hundred and twenty-three firms have bided for contracts for the lifting and sales of Nigeria’s natural gas liquids for both domestic and export for the next two years. The contracts would replace the existing ones which expire at…
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