NNPC, records N2.5trn profit
Abuja, Jan. 11, 2024: The Nigerian National Petroleum Company (NNPC) Ltd says it recorded a profit of N2.548 trillion in...
Oil and Gas
Union shelves planned strike over as IOCs meet deadline reached
Lagos, Jan. 9, 2024: The Maritime Workers Union of Nigeria (MWUN) has shelved its planned strike to shut seaports, terminals,...
Shell petroleum gets Supreme Court’s favour
The Supreme Court of Nigeria has upheld an appeal by Shell Plc’s local unit against a ruling related to a...
Test-run in Port Harcourt Refinery near completion
The Nigerian National Petroleum Corporation Limited (NNPCL) has said that the Port Harcourt refinery’s test runs, with a capacity of...
Chinese, Nigerian firms in $1bn deal on gas flaring solution
A Chinese firm, Beijing Zhogmin Xinjunlong New Energy Technology Company Ltd. and NIGUS International, a Nigerian firm, have signed $1...
Oil and Gas: What lessons for Nigeria from Russia?
With over 200 trillion cubic feet (tcf) Nigeria has the largest gas reserves in Africa. It is ranked 9th globally....
NNPCL joins controversy surrounding petrol price increase
Abuja, Jan. 4, 2024: The Nigerian National Petroleum Company (NNPC) Ltd. says there is no imminent increase in the cost...
Investment of $200m in gas by indigenous firm excites youths
Yenagoa, Jan. 3, 2024: The World Youth Centre (WYC) has lauded the decision of Alphaden Energy and Oilfield Ltd. to...
Stakeholders anticipate rapid oil-led economic growth in 2024
Lagos, Jan. 3, 2024: Some stakeholders in the oil and gas industry have projected a rapid economic growth for Nigeria...
NLNG delivers 3 cargoes of LPG to local market in December
Lagos, Dec. 30, 2023: The Nigeria Liquefied Natural Gas (NLNG) says it has delivered three cargoes of Liquefied Petroleum Gas...
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