Bayelsa, oil producing state, pays the most for fuel — NBS report
Petrol sold above N87 per litre nationwide.
Blame politicians for rot in NNPC, says PENGASSAN
Oil workers on Monday blamed the rot in the Nigerian National Petroleum Corporation on politicians involved in the management of the country’s petroleum company. The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, President, Francis Johnson, at the Addax Petroleum PENGASSAN Branch of triennial delegates’ conference in Abeokuta, said that high […]
Kaduna refinery to save Nigeria $5.33 million daily
Refinery will meet the $5.33 million daily target when it moves from current 60% production capacity to 90 percent next year.
New NNPC GMD, Kachikwu, bars congratulatory adverts from well-wishers
Mr. Kachikwu says his appointment is a serious national assignment and that he should not be distracted with congratulatory messages
Group wants govt to limit crude oil allocation to refineries to current capacity
The group urges government to be decisive on fuel subsidy, saying steps must be taken to recover all subsidy payments fraudulently claimed.
U.S. Trade Agency provides N250 billion support to Dangote refinery
Mr. Dangote says his company is looking forward to the commissioning of the refinery in 2018
Port Harcourt, Warri refineries commence production, says NNPC
About 8.5 million litres of fuel is projected to come from the two refineries daily
Joda Committee sets ambitious targets for Buhari to turn around oil, gas industry
The Committee wants corruption addressed, and NNPC overhauled while PIB is reviewed.
Fuel Scarcity: NNPC moves against 3 marketers, revoke licenses
Fuel marketers all over the country have been warned to desist from illegal business of products diversion, hoarding.
JTF in talks with Shell, Bayelsa communities over closure of flow station
The four host communities, which shutdown the Shell facility on Monday are Imiringi, Otuasega, Oruma and Elebele.
Gas-to-power: Joda committee proposes merger of DPR, NERC
The measure will help increase the volume of natural gas available to the power sector.
Oando sells off majority stake in downstream business
A consortium comprising Helios and Vitol to acquire equity stake in the Nigerian company
Fuel queues return to Abuja, as NNPC claims no cause for alarm
The NNPC warns consumers against panic buying, saying there was sufficient stock of products to last 25 days.
Again, Court restrains Agip in gas plant contract tussle with Arco
Arco had appealed to the court to restrain Agip from taking any action on the disputed contract to avoid jeopardising the job of over 300 Nigerians.
Buhari promises reforms, new policies to boost oil, gas income
NLNG asked the President’s intervention in reducing the number of multiple government agencies that make its business globally uncompetitive.
Nigeria’s four refineries to resume production in July
The NNPC says Port Harcourt refineries are scheduled to begin to receive crude next week
Fuel crisis: Marketers, oil workers differ on oil swap proposal
The operators disagree over a plan to replace fuel subsidy with an arrangement of sending crude oil overseas for refining.
EITI tasks Buhari on oil production, revenue transparency
The group wants its principles integrated into the new government’s policy.
Court rejects Agip’s objection in gas plant case against Arco
The Court says it has the jurisdiction.
Nigeria’s financial crisis deepens as revenue allocation meeting fails to hold
Anxiety has mounted in the states with the cancellation of the meeting.
EITI Chair to meet Buhari on Nigeria’s extractive industry
The non-implementation of the recommendations have been blamed on lack of strong political will by governments.