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Nigeria’s importation of Premium Motor Spirit (PMS) also known as Petrol, finally hits the 20.14 billion litres mark in 2018. In the last quarter of 2018 alone, Nigeria imported 5.3 billion litres of PMS. Data for the four…
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The Nigerian National Petroleum Corporation (NNPC) has expressed its commitment to a zero gas flare regime for every new gas project, even as it trains its sights on commercializing existing gas flare projects for the benefits of the…
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Federal government’s policy moves to attract more foreign direct investments (FDIs) into the country’s creeping gas valorisation programme suffered a major setback weekend when expectations of resolution on the legal feud between the…
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Stakeholders in Nigeria’s oil and gas snector have urged the federal government to adopt the co-location strategy to unlock huge potentials in the country’s gas sector. The co-location initiative is an outcome of extensive Gas Based…
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The OPEC+ deal to curb oil production probably will be extended, “hopefully for another six months” beyond the end of June, Nigerian oil minister Emmanuel Kachikwu said. The agreement has stabilized the oil market and easing the curbs…
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Oil prices hit their highest of 2019 on Tuesday, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut. Brent futures reached a…
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The Nigerian National Petroleum Corporation (NNPC) says the ex-depot price of Premium Motor Spirit (PMS) also known as petrol remains N133.28 per litre. Ndu Ughamadu, the NNPC Group Spokesman, disclosed this in an interview with the…
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The multinational oil company, the Royal Dutch Shell, says it paid over $6.397 billion to the Nigerian government and its agencies in 2018. The payment include its exploration and production activities in the country comprising Shell…
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The Nigerian National Petroleum Corporation (NNPC) on Tuesday hinted on commercialization of existing gas flare projects for the benefits of the host communities and country at large. The corporation also expressed its commitment to a…
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The Honourable Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu on Tuesday, 2nd April 2019 was re-elected as the President of African Petroleum Producers’ Organization ( APPO ) till December 2019 in a move that will…
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