Oil& Gas
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NNPC failed to account for N5.1tr subsidy – Senate
The Senate has said the Nigeria National Petroleum Corporation (NNPC) has collected N5.1 trillion as fuel subsidy without giving any…
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NNPC shuts down Warri refinery over power outage
The 125,000 barrel per day (bpd) Warri refinery has been shut down by the Nigeria National Petroleum Corporation (NNPC) after…
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No recent explosion at any gas pipelines-NLNG
Mr. Tony Attah, the Chief Executive Officer of the Nigeria Liquefied Natural Gas Limited (NLNG) says there is no…
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OPEC loses $1trn to oil price fluctuation
The Organisation of Petroleum Exporting Countries (OPEC) has lost over $1 trillion to fluctuation of oil prices, its Secretary General,…
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PIGB: FG proposes payments of NNPC’s dividends into SWF
The Federal Government has proposed that some of the dividends from the operations of the Nigerian National Petroleum Corporation (NNPC)…
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Tragedy: gas explosion kills 6 in Rivers State
No fewer than six people are now feared dead following an explosion at Eveku Odagu community in Emuoha Local Government…
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Shell, ENI ask FG to lift forfeiture on OPL 245
A Federal High court in Abuja will hear on 27 February a plea by Shell and ENI to lift a…
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Saudi Arabia cuts oil output, shale oil a problem
Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and…
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NNPC has enough petrol reserve says Baru
The Nigerian National Petroleum Corporation (NNPC) has a 36-day petrol stock, enough to wet the country, its Group General Manager,…
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Nigeria can produce three million bpd-Kachikwu
Minister of State Petroleum Resources Ibe Kachikwu said yesterday that Nigeria is capable of producing three million barrels of crude…
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