OIL & GAS

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will no longer fix prices or release templates for Premium Motor Spirit (PMS). Authority Chief Executive (ACE), Mr Farouk Ahmed, who said this at a news conference in Abuja on Friday, said…

Group Managing Director of the Nigerian National Petroleum Company Limited, (NNPCL) Mele Kyari has assured that other players in the downstream sector of the oil industry will be given adequate leverage to join the oil giant in the importation of Premium Motor…

The Nigerian National Petrol Company (NNPC) Limited has confirmed the hike in the pump price of Premium Motor Spirit also known as petrol. The price adjustment by the NNPC is coming some 48 hours after President Bola Tinubu announced an end to the…

The federal government is owing Nigerian National Petroleum Company Limited (NNPCL) to the tune of N2.8 trillion in fuel subsidy payment deficit. The Group Chief Executive Officer (GCEO) of NNPCL, Mele Kyari, disclosed this Tuesday while speaking to journalists at the Presidential Villa,…

The Independent Petroleum Marketers Association of Nigeria has opposed the plan by President Bola Tinubu to enforce his predecessor’s decision to remove fuel subsidy by June ending. Tinubu had earlier on Monday, in Abuja, affirmed that his administration would not continue to pay…

The Federal Government has released and handed over a large crude carrier, MT Heroic Idun, to the owners, Idun Maritime Limited, after fulfilling the conditions of the plea bargain entered between them and the Nigerian government. It would be recalled that the tanker…

Nigerian National Petroleum Company Limited (NNPC) formally resumed its drilling campaign in the Chad Basin, Borno State, yesterday, almost three decades after it withdrew from the site due to the discovery at the time that the oil find was not in commercial…

Aliko Dangote says the first product of the Dangote Petroleum Refinery and Petrochemicals “will be in the market before the end of July, beginning of August this year”. The President of Dangote Industries Limited stated this while giving the welcome address at the…

As the Dangote Refinery begins operations next week, the supply of 300,000 barrels of crude oil per day by the Nigerian National Petroleum Company Limited to the facility is going to commence, the Group Chief Executive Officer, NNPCL, Mele Kyari, announced on…

Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) yesterday implored the President-elect, Bola Ahmed Tinubu to use his incoming administration to fast track the implementation of different sections of the Petroleum Industry Act (PIA) to the benefit of Nigerians. The association…