Nigeria, Equatorial Guinea in gas pipeline deal for Gulf of Guinea
President Bola Tinubu of Nigeria and Equatorial Guinean President Teodoro Obiang Nguema Mbasogo have in Malabo signed an agreement on...
Oil and Gas
Decision to sell crude oil to refineries in local currency will crash prices of petroleum products – Group
The Tinubu Stakeholders Forum (TSF) has expressed its backing for the recent directive approved by the Federal Executive Council (FEC)...
Nigeria unveils metering project teams to combat oil theft
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has inaugurated Metering Audit and Advance Cargo Declaration project teams, to promote transparency...
Lack of drilling investors cause decrease in crude oil production
Mr Heineken Lokpobiri, Minister of State, Petroleum Resources (Oil), has called for more investments in the oil and gas industry...
Shell remits $1.09bn in taxes, royalties
Shell Nigeria has paid $1.09 billion in corporate taxes and royalties to the Federal Government in 2023. Mrs Abimbola Essien-Nelson,...
CNG initiative attracts $50m investment in Nigeria
The Compressed Natural Gas (CNG) initiative of Nigeria would attract $50 million deal in the conversion of vehicles to run...
More Petroleum refineries springing up in Nigeria
More Petroleum refineries are springing in with the latest, 100,000 barrel per day capacity African Refinery Port Harcourt Limited (ARPHL)....
NNPCL promises cause of fuel scarcity resolved
The Nigerian National Petroleum Company Limited (NNPC Ltd says the issues that led to the tightness in the supply of...
Nigeria begins crude oil production in new field
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its joint venture partner in OML 85, First Exploration and Petroleum...
Nigeria moves to reverse oil production shortfall
Nigeria is taking steps to restore oil production shortfall, maximise well utilisation The Federal Government says measures are being put...
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