Oil and Gas
Despite Missing Targets OPEC+ Increases Nigeria’s Production Quota
The Organisation of the Petroleum Exporting Countries and its Russia-led partners decided on Wednesday to raise oil production by 400,000...
Explosion At OML 108 Threatens Nigeria’s Oil Output, Revenue
Explosion at an evacuation vessel at Ukpokiti field (OML 108) in Delta State, may create more woes for oil production...
FG Pays Petrol Bridging Claims Of N22.7bn To Transporters – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the Federal Government has paid bridging claims amounting to N22.7...
FG Realised N174b From 2020 Marginal Field Bid Round, Says Komolafe
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that the sum of N174 billion was realised from the 2020...
Subsidy Postponement An Opportunity For FG To Implement Palliative Measures – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the Federal Government should begin the implementation of programmes and palliatives...
Modular Refineries Suffer Delay On Funding Concerns
Nigeria’s bid to bolster its local crude refining capacity through the construction of modular refineries has run into a hitch...
Stakeholders In Critical Meeting Over Niger Delta Pollution
Critical stakeholders in the oil and gas sector rose from an emergency meeting in Abuja with far reaching resolutions to...
FG To Establish 18 Modular Refineries In Oil-Producing States
The Federal Government has said it was working to establish three modular refineries in each of the oil producing states,...
Nigeria Produce 17.67m Barrels Of Oil In 2021
The total volume of crude oil and condensate that Nigeria produced last year was 17,686,919 barrels, Shipping Position Daily has...
LPG Demand Surges Over NLNG’s 100% Domestic Supply
There is currently a surge in the demand for Liquefied Petroleum Gas, popularly called cooking gas, leading to marginal price...
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