Oil & Gas

June 01, 2020 - 07:54:57 am

 The debts profile of Nigerian oil companies to banks has hit $3 billion, heightening the heavy burden on the financial...

June 01, 2020 - 07:54:17 am

Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre in 17 states in April,...

June 01, 2020 - 07:47:48 am

The Independent Oil Marketers Association of Nigeria (IPMAN) and the Major Oil Marketers Association of Nigeria (MOMAN) have...

June 01, 2020 - 07:47:26 am

The Osun Field Office of the Department of Petroleum Resources (DPR) says it will start enforcing use of  face masks  at filling...

June 01, 2020 - 07:46:52 am

The Chairman of OPAC Modular Refinery, Mr. Momoh Oyarekhua, has urged the federal government to encourage local refining of the...

May 25, 2020 - 05:26:19 am

Crude oil prices plunged on Friday after China (the second-largest economy in the world) decided to omit an economic growth...

May 25, 2020 - 05:26:03 am

The country oil and gas industry has suffered loss as the number of active oil rigs in the country fell by 23.8 per cent to 16%...

May 25, 2020 - 05:23:27 am

The National Bureau of Statistics (NBS), yesterday, said that the petroleum products importation statistics for full year 2019...

May 25, 2020 - 05:20:19 am

 Oil and Gas Free Zones Authority (OGFZA), has restated its commitment to continue to abide by directives from the Nigerian...

May 25, 2020 - 05:18:43 am

The Department of the Petroleum Resources (DPR), over the weekend has said it is yet to issue guidelines on the proposed bid...

Speaker Urges FG to Adopt Feasible Crude Oil Benchmark in Budget Adjustment  

May 21, 2020 - 08:49:09 am

The Nigerian National Petroleum Corporation on Tuesday announced that its downstream subsidiary company in charge of bulk sales...

May 21, 2020 - 08:47:15 am

 The Speaker of the House of Representatives, Femi Gbajabiamila, has called on the executive arm of government to adopt a...

May 21, 2020 - 08:46:18 am

The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil output, excluding Condensate, at 1.78 million...

May 21, 2020 - 08:45:29 am

 Oil markets are re-balancing after a collapse in demand following the coronavirus outbreak but the pathway to “the next normal”...

May 21, 2020 - 08:44:29 am

 SCD JV consortium has been awarded engineering, procurement and construction (EPC) contracts, worth more than $4bn, by Nigeria...

Samsung Acquires Approval To Operate Private Jetty in Lagos 

March 30, 2020 - 12:46:08 am

  Samsung Heavy Industries Nigeria (SHIN) says it has recorded another major milestone in its operation after obtaining approval...

March 30, 2020 - 12:45:40 am

 The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices...

March 30, 2020 - 12:45:17 am

 The Federal Government on Wednesday proposed the reduction of oil benchmark, upon which the 2020 budget was predicated, from $57...

March 30, 2020 - 12:44:49 am

Despite a huge reserve of over 37 billion barrels of bitumen, the mineral used in the production of asphalt for road construction...

Scene from the gas explosion at Abule Ado Lagos state

March 23, 2020 - 02:00:15 am

The National Bureau of Statistics (NBS) said that the average prices paid by consumers for Premium Motor Spirit (petrol),...

March 23, 2020 - 01:57:57 am

Dr Muda Yusuf, Director-General, Lagos Chamber of Commerce and Industry (LCCI) has urged the federal government to come up with...

March 23, 2020 - 01:57:08 am

According to data obtained from the National Oil Spill Detection and Response Agency, NOSDRA, Oil and gas companies operating in...

March 23, 2020 - 01:55:33 am

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has supported the reduction of the  pump price of Premium...

March 23, 2020 - 01:54:49 am

Nigeria and other developing countries that rely heavily on oil revenue are set to witness a decline as their income from oil and...

Tankers Waiting To Access Tank Farms Depots Along the Tin Can Apapa Port Area.

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March 16, 2020 - 02:25:07 am

The Vice President of the National Road and Transport Owners (NARTO) Alhaji Abdullahi Inuwa has blamed the negligence on the part...

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