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Oil & Gas

NNPCL, marketers clash over subsidy, operators peg petrol at N1,200/litre

The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, clashed again...

Minister anticipates 2 million barrels per day crude oil production in 2024 

by Omono Okonkwo The Minister of State for Petroleum Resources, Heineken Lokpobiri has said that he anticipates a crude oil production of 2 million barrels per...

NUPRC constitutes committee to address inactive oil blocks

By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has constituted a committee to address issues bordering inactive crude oil blocks and reverse the...

FUEL SUBSIDY IS A CABALRIAM SCAM

In the sixties, seventies, and eighties, Nigerians used to have different grades of premium motor spirits called PMS, otherwise known as petrol. And each...

Nigeria’s NNPC winding down crude oil swap contracts, CEO says

ABUJA, June 4 (Reuters) - Nigeria's state oil firm NNPC Ltd is winding down crude swap contracts with traders and will pay cash for...

Autogas stalls as NNPC, marketers bicker over N500b debt, pro rated fuel cost 

This is coming as the Federal Government’s autogas plan, piloted by the NNPCL and expected to have led to at least two million gas-fired...

Nigeria’s N77trn debt mind-blowing, say oil and gas workers

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, on Thursday in Abuja expressed concerns over Nigeria’s N77 trillion public debt. Addressing the...

Angola Overtakes Nigeria In Oil Production As Output Drops To 0.9Million Barrels Daily

Oil production figures for Nigeria crashed to an average of 999,000 (0.999 million) voluntary production level in barrels per day (bpd) in April, just...

NUPRC Plans Fast Licensing For Indigenous Oil Firms

The Nigerian Upstream Petroleum Regulatory Commission has said that the commission will support indigenous oil and companies with the right policies and regulations to...

Embargo on Russian gas opens $176m revenue window for Nigeria

By Collins Olayinka, Abuja NMDPRA rallies stakeholders for gas utilisation to boost devtNigeria stands to earn $176 million, if it can explore embargo on Russian gas...

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