Angola, Libya overtake Nigeria in Crude oil production, OPEC report
Angola and Libya have overtaken Nigeria as Africa’s highest crude oil producer, says a report by the Organisation of the...
Natural Resources
Retail price for petrol hits N189.46 in August 2022
The National Bureau of Statistics (NBS), says the average retail price paid by consumers for Premium Motor Spirit (Petrol) for...
Shell to resume TNP pipeline test
Shell Petroleum Development Company of Nigeria Limited (SPDC) is planning to resume the testing of its main trunkline, the Trans...
Use of gas will stem deforestation – Osinbajo
Vice President Yemi Osinbajo of Nigeria has reported that the use of gas as a transition fuel would help in...
Nigeria recovers N2.6trn revenue from oil firms
Nigeria has recovered the sum of N2.6 trillion as revenue from oil firms following the intervention of Nigeria Extractive Industries...
Petrol price hits N250 per litre in Rivers
Mr Joseph Obele, Chairman, Rivers Chapter, Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised residents of the state against...
Nigeria loses $700m monthly to massive crude oil theft
At least 470,000 barrel per day crude oil valued at $700 million is lost to large scale crude oil theft,...
End to petrol subsidy difficult task but necessary – Unions
The Major Oil Marketers Association of Nigeria (MOMAN) and Trade Union Congress (TUC) have favoured ending subsidy on Premium Motor...
Expert urges Nigeria to shun dependence on crude oil
Dr Abiodun Adedipe, Chief Consultant B. Adedipe Associates Ltd., has called for a deliberate alignment of policies across fiscal, monetary,...
17 marginal oilfields currently producing in Nigeria – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 17 marginal oilfields are currently producing out of 30 fields awarded so...
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