Tag: Oil
Dangote Refinery Imports Crude As NNPCL Swaps OIL For Loans
Executive Director, Dangote Group, Devakumar Edwin, says the Dangote Petroleum Refinery is importing crude oil and expects in two weeks’ time.
Air Strikes Destroy Over 30 Illegal Oil Refining Sites In Rivers
Air component of Operation Delta Safe have destroyed about 30 active illegal oil refining sites in Cawthorne Channel and Bille, in Degema...
Forex Crisis: Marketers Propose N720/Litre, Suspend Fuel Imports
Oil marketers have said that petrol price may increase to between 680 naira per litre and 720 naira per litre in the...
Dangote Refinery Will Address Supply Shortages, Price Hike – Ipman
Oil marketers say the Dangote Refinery will address petroleum product shortage and price hike in the country.
Chairman, Enugu...
Increasing Population: Oil And Gas Exports Can No Longer Feed Nigeria –...
Former President Olusegun Obasanjo has warned that the revenue from oil and gas exports alone can no longer feed Nigeria as the...
Rising Debts: Oil-Producing States Borrow N1.3tn Amid N6.4tn Windfall – DMO
The total debts of 10 oil-producing states rose from N2.04tn in December 2015 to N3.35tn as of June 2022, according to sub...
Derivation: Nigerian Govt Gives Details Of Payments Made To Oil Producing States
The Federal Government has released details of the oil derivation refunds from 1999 made to Niger Delta states amidst a growing controversy...
Oil Theft: Federal Government Says Security Personnel In N’delta Conniving With...
The Federal Government says some security personnel deployed to fight oil theft were collaborating with those stealing the commodity in the Niger-...
NSCDC Arrests 11 Oil Pipeline Vandals In Delta
The Nigeria Security and Civil Defence Corps NSCDC, Delta Command, has arrested 11 suspected oil pipeline vandals in the state.
Rising Oil Prices Worry FG, Says Nigeria Not Gaining From Soaring...
The Federal Government expressed concern over the rising international prices of crude oil, saying the increase is not good for the country.
FG Threatens To Sanction Oil Marketers Contravening Weights, Measures Act
The Minister of Industry, Trade and Investment, Niyi Adebayo, has said the federal government would henceforth sanction petroleum depot owners and oil...
Buhari To Take Advantage Of PIA To Enhance Investment
President Muhammadu Buhari has urged operators in the petroleum industry to take advantage of the new Petroleum Industry Act PIA to promote...
FG’S Plans To Increase Oil, Gas Reserves On Course – DPR
The Department of Petroleum Resources DPR says the Federal Government’s plans to increase the nation’s oil and gas reserves, are on...
Govt. Invites Investors To Bid For 57 Oil Fields
The Federal Government, through the Department of Petroleum Resources, has put on offer 57 marginal fields for licensing as part of...
#Breaking: Former GMD Of NNPC Maikanti Baru, Is Dead.
He was 60 years old as at the time of his death, and only two months away from his 61st birthday.
FG Moves To Halt Crude Export In Natural State
The Federal Government is putting plans in motion to implement ways to halt the export of crude oil in its natural...
NNPC Records N211.62b From Petroleum Products Sales
The Nigerian National Petroleum Corporation NNPC said its downstream subsidiary, Petroleum Products Marketing Company PPMC, netted 211.62 billion naira from the sale...
Covid-19: Nigeria Will Overcome Difficulties – Lawan
Senate President Ahmad Lawan has assured Nigerians that the country will overcome the economic challenges facing the nation as a result...
NNPC Earns $5.18bn From Oil In 2019
The Nigerian National Petroleum Corporation NNPC said that the country exported oil and gas worth about 5.18 billion dollars from January 2019...
FG Revokes 11 Oil Mining Licences As Revenue Shrinks
The Federal Government has revoked the mining licences of about 11 oil and gas companies operating in the marginal fields.
