Oil marketers blame FG’s debts for massive retrenchment in downstream sector

Oil marketers blame FG’s debts for massive retrenchment in downstream sector

Oil marketers have appealed to the Federal Government to pay them over N650 billion subsidy arrears to reverse the gale of retrenchment sweeping across...

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Nigeria’s gas industry will attract $25bn investment in 10yrs – Baru

Nigeria’s gas industry will attract $25bn investment in 10yrs – Baru

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has expressed confidence that the Nigerian gas sector will attract...

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Tonwei Refinery Ltd set to construct refinery in Edo state

Tonwei Refinery Ltd set to construct refinery in Edo state

The Management of Tonwei Refinery Limited has concluded plans to build a conventional petroleum refinery in Siluko community of Ovia South-West Local Government Area...

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Kachikwu orders NNPC, DPR, PPPRA to reply Falana on fuel importation inquiry

Kachikwu orders NNPC, DPR, PPPRA to reply Falana on fuel importation inquiry

The Minister of State for Petroleum Resources, Ibe Kachikwu, has ordered the heads of the Nigerian National Petroleum Corporation, Department of Petroleum Resources and...

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Nigerian crude grades continue to struggle against US oil in NW Europe

Nigerian crude grades continue to struggle against US oil in NW Europe

Nigerian sweet crude oil grades have struggled to find homes in the European market despite the relative strength of diesel cracks in Europe, as...

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High cost of production to affect Nigeria’s, others’ oil output

High cost of production to affect Nigeria’s, others’ oil output

Nigeria and other countries in sub-Saharan Africa may continue to suffer high production cost and reduced output as global oil and gas stakeholders strive...

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Gov. Dickson says Bayelsa has 30% of Nigeria’s gas reserves, urges investments

Gov. Dickson says Bayelsa has 30% of Nigeria’s gas reserves, urges investments

The Governor of Bayelsa State, Mr Seriake Dickson, said wednesday that the state alone retains 30 per cent of Nigeria’s gas reserves, arguing that...

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FID reached on only one of 8 planned deepwater oil projects due to PIB delay – EIA

FID reached on only one of 8 planned deepwater oil projects due to PIB delay – EIA

Several planned deepwater projects in the country have been repeatedly pushed back because of regulatory uncertainty caused by the delay in passing of the Petroleum...

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Aiteo says it is looking for oil reserves outside N. Delta, eyes Benue Trough

Aiteo says it is looking for oil reserves outside N. Delta, eyes Benue Trough

Aiteo Group has expressed its intention to focus on places with huge untapped oil and gas reserves while doing a lot to develop assets...

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