OIL & GAS

International oil companies are leaving Nigeria and shifting their portfolios to where they can add value to the journey towards carbon net-zero commitment, the group managing director, Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said. Mr Kyari said this in…

The increased spending on petrol subsidy is preventing Nigeria from taking advantage of the rise in the price of crude oil to over $100 per barrel, oil marketers said on Friday. Brent, the crude against which Nigeria’s oil is priced, jumped above $100…

ExxonMobil Corporation, on Friday, announced that it had reached an agreement to sell its equity interest in its shallow-water business, Mobil Producing Nigeria Unlimited, to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary, Seplat Energy Offshore Limited.…

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Limited, Mr Mele Kyari, on Wednesday, disclosed that the Corporation has filed litigation against importers of the adulterated premium motor spirit (PMS) considering the impacts of the withdrawal of the products from…

The Nigerian National Petroleum (NNPC) Ltd has disclosed that over 2.3 billion litres of Premium Motor Spirit (PMS) will arrive in the country by the end of February. This was even as it stated that it currently has over 1 billion litres of…

Four of the oil companies accused by the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, of importing substandard petrol have all in writing denied the allegation, thus creating more confusion in the drive to unmask shippers…

The Nigerian National Company Limited (NNPC) yesterday stated that its investigation has revealed the presence of Methanol in four petrol cargoes imported by MRS, Emadeb/Hyde/AY Maikifi/Brittania-U Consortium, Oando and Duke Oil. Group Managing Director of NNPC, Mallam Mele Kyari, who disclosed this…

The Minister of State for Petroleum, Timipre Sylva, says there will be a major investigation to unravel the cause of the unsafe quantity of methanol in petrol imported into the country. He disclosed this on Wednesday during a media briefing after the Federal…

Following the supply of a wrong specification of petrol in some parts of the country, and its subsequent removal in compliance with a government order, long queues have once more returned to petrol stations in Abuja, parts of Lagos, and some other…

Two more bodies have been recovered from the deck of the FPSO Trinity Spirit oil vessel which was engulfed in fire at the Ukpokiti Terminal on Wednesday. This was confirmed by managers of the vessel Shebah Exploration & Production Company Ltd (SEPCOL)…