Oil, Gas and Energy

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari, yesterday disclosed that the sum of N3.4 trillion was required as fuel subsidy for the 66.7 million litre of premium motor spirit (PMS) daily consumption…

The Group Managing Director of the Nigerian National Petroleum Company (NNPC), Mele Kyari has disclosed that Oyo and Ogun States consume more Premium Motor Spirits (PMS) known as petrol that any other state in the country. He hinted that the product may be going…

The Federal Government has so far paid $4.04bn to five international oil companies as cash call arrears repayment and has spent N12.43bn this year on pipeline protection and maintenance, it was learnt on Sunday. Latest update on pipeline security/maintenance cost obtained from the…

Shell on Thursday announced the exit of chief executive Ben van Beurden as the British oil and gas giant looks to reinvent itself under group renewables boss Wael Sawan. Dutchman van Beurden, 64, will step down at the end of 2022 after nine…

Two scientific works have emerged as winners of the 2022 edition of The Nigeria Prize for Science instituted by the NLNG. The winning entries were declared as the most outstanding works on “Gains in Grain Yield of Released Maize (Zea Mays L.) Cultivars…

Nigeria’s oil production plunged to 972,000 barrels per day in August 2022, as Angola and Libya overtook Nigeria by producing higher volumes of crude during the review month, the Organisation of Petroleum Exporting Countries has said. OPEC disclosed this in its September 2022…

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…