Shell Plc, ExxonMobil Corp., Chevron Corp. and Equinor ASA plan to withdraw multibillion-dollar lawsuits against Nigerian National Petroleum Company (NNPC) […]
Category: Oil and Gas
Nigeria loses 400,000 barrels of crude oil daily to theft, says Sylva
The Minister of State for Petroleum Resources, Dr Timipre Sylva, has said that the country loses 400,000 barrels of crude […]
OPEC increases Nigeria’s oil output quota to 1.830mbpd
THE Organization of Petroleum Exporting Countries, OPEC, and its allies (OPEC+) have increased Nigeria’s crude oil output quota to 1.830 […]
Fuel Scarcity: We’ve not removed fuel subsidy, says Fed Govt
For the record, the subsidy on the Premuim Motor Spirit (PMS), otherwise known as petrol has not been removed, the […]
Hard times: Commuters, motorists stranded as fuel scarcity bites hard in Lagos
Fuel queues on Monday resurfaced in most parts of Lagos State following the decision of some members of the Independent […]
FG approves NNPC-ECOWAS deal for construction of Nigeria-Morocco gas pipeline
The Federal Executive Council (FEC) has approved for Nigerian National Petroleum Corporation (NNPC Limited) to execute an MoU with the […]
AKK Pipeline Project: NNPC to Deliver First Gas in Q1 2023
…Board Happy with Progress The Board of the Nigerian National Petroleum Company Limited (NNPC) has expressed satisfaction with the progress […]
Economy Hardship: Buhari Apologises Over Petrol, Electricity Shortages
President Muhammadu Buhari has expressed sincere regrets for the inconvenience caused to citizens of the country, following a prolonged shortage […]
Aviation fuel scarcity: NNPC, Oil marketers meet, license airline operators to import cheaper fuel
The crisis between Oil marketers and airline operators was halted after the Nigerian National Petroleum Corporation (NNPC), and the National […]
Subsidy: It’s impossible for Nigeria to consume up to 70 million litres a day – Saraki
Former Senate President, Bukola Saraki has challenged the Federal Government’s plans to spend on Petrol subsidy based on 70 million […]