Oil, Gas and Energy

The Nigerian National Petroleum Company Limited (NNPCL) will tomorrow (Thursday) sign a Memorandum of Understanding (MoU) on a gas pipeline project with the National Office of Hydrocarbons and Mines of Morocco and the commission of the Economic Community of West African States …

Nigeria has continued to waste the rare opportunity presented by the global rise in oil prices to grow its economy like other oil-producing countries, London-based The Economist has stated. While a surge in oil prices could do astonishing things, like in Saudi Arabia…

The Nigerian National Petroleum Company Limited (NNPCL) says it loses 470,000 bpd amounting to $700m monthly to the activities of oil thieves. The Group General Manager, Crude Oil Marketing Department, Rose Eshiett, disclosed this to journalists on Saturday during a tour…

With Nigeria’s petrol subsidy bill skyrocketing in 2022, the estimates for the whole year would exceed the total expenditure by all the states of the federation in 2021, which was $9.8 billion, a new report by a member of President Muhammadu Buhari’s…

Nigeria will be able to send more Liquefied Natural Gas to Europe by next winter, the Federal Government stated on Wednesday. Minister of State for Petroleum Resources, Chief Timipre Sylva, disclosed this at the Gastech conference in Milan, Reuters reported. This came as oil…

Many fillings stations were shut on Tuesday leading to lengthy queues by motorists for Premium Motor Spirit, popularly called petrol, at the few outlets that dispensed the commodity in Abuja and neighbouring states. Petrol scarcity resumed again in the Federal Capital Territory and…

The Organisation of Petroleum Exporting Countries (OPEC) yesterday approved 1.826 million barrels per day production quota for Nigeria for next month. In the period in view, the cartel is eyeing a total output of 43.3854mb/d. While 10 OPEC+ countries have the mandate to produce 26.689mb/d,…

In response to the alleged inflation of petrol imports and consumption in Nigeria, the Nigerian National Petroleum Company (NNPC) Limited has insisted that average petrol supply in the country stands at 68 million litres per day. The company also disclosed that the total…

Four oil companies – Chevron Nigeria Limited (CNL), Mobil Producing Nigeria (MPN), Shell Petroleum Development Company (SPDC) and First E&P are expected to remit N341.091 billion to the Nigerian National Petroleum Company Limited (NNPCL) this September, THISDAY has learnt. The proceeds, which are…

Residents and indigenes of Bodo community in Gokana Local Government Area of Rivers State have lamented the continuous crude oil spillages in their communities from alleged faulty facilities of Shell Petroleum Development Company (SPDC). This is according to THISDAY. THISDAY visit to the affected…