OIL & GAS

A group of concerned lawyers have written a petition to the Senate Ad-Hoc Committee on Up Stream Petroleum Sector, demanding the installation of meters at the Ugo Ocha export terminal of OML 42 being operated by NECONDE Energy Limited to avert crude…

The Group Managing Director of the Nigerian National Petroleum Corporation Limited, Mele Kyari, yesterday called on the international community to join Nigeria in its battle against crude oil theft. Of recent, almost 50 per cent of crude oil produced in Nigeria is lost…

THE Nigerian National Petroleum Company Ltd has opened talks with the United States Finance Corporation and Exim Bank to seek financing for its multi-billion-dollar gas projects. The Group Chief Executive Officer of the NNPC Ltd, Mele Kyari, disclosed this at the Nigerian International…

The Petroleum and Natural Gas Senior Staff Association of Nigeria has said that the military should be held responsible for the high rate of crude oil theft in the country. This was made known at the Senate’s investigation into oil lifting and theft…

The price of cooking gas on a year-on-year basis increased by 101.17 per cent in August 2022 compared with August 2021, the National Bureau of Statistics said. Average price of 5kg cooking gas increased from N4,397.68 in July to N4,456.56 in August. The NBS…

Portugal could face supply problems this winter if Nigeria does not deliver all the liquefied natural gas (LNG) it is due to, the European Union country's environment and energy minister said on Monday. Asked whether with many countries now looking for alternatives…

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…