The Independent Petroleum Marketers Association of Nigeria (IPMAN), has said that the prevailing shortage in the supply of Premium Motor Spirit (PMS) in the Southeast may not end soon because of the challenges facing marketers in procuring products. Mr Chinedu…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shortlisted 139 firms that applied for Nigerian Gas Flare Commercialisation Programme (NGFCP). About 300 companies applied to the gas buying and trading scheme to end gas flaring from 48 oil production sites…
The Nigerian National Petroleum Company Limited has released about 67 million liters of Premium Motor Spirit (PMS) to marketers, clearing queues for petrol in many parts of Abuja, Niger, and Nasarawa. NNPC revealed that some of its 67 million litres…
Investors of Seplat Energy Plc earned about N64.728 billion from the shares of the company on Wednesday amid increased buy pressure on the company’s stock. The company gained a maximum of 10 per cent after yesterday’s trading session to begin…
Oil and gas giant Shell has announced a huge profit record of $39.9billion (£32.2billion) for 2022, the highest in its 115-year history. Following Russia’s invasion of Ukraine, the company recorded annual profits after energy prices surged last year. Shell Chief…
Nigeria LNG Limited (NLNG), in partnership with the Lagos Chamber of Commerce and Industry (LCCI), on Wednesday presented the joint-winning works of The Nigeria Prize for Science (2022) to industry players in an effort to push agricultural innovations that can…
The Nigerian National Petroleum Company Limited (NNPCL) and Daewoo Engineering Construction Nigeria Limited have signed a maintenance service contract for the quick-fix repairs of the Kaduna Refining and Petrochemical Company Limited (KRPC). Group Chief Executive Officer, NNPCL, Malam Mele Kyari…
The Nigerian Meteorological Agency has disclosed that the expected rainfall in most parts of the country would help to sustain hydro-power generation if the opportunity is properly harnessed by the hydro-power generating plant operators. NiMet, in a document titled “Seasonal…
The National Operations Controller at the Independent Marketers Association of Nigeria (IPMAN), Mike Osatuyi, has assured that Nigerians will likely see more fuel availability in the next two weeks. Mr Osatuyi stated this during an interview on Arise TV’s Morning…
Some motorists and traders in Enugu State on Wednesday protested the increase in pump price and scarcity of new naira notes in banks. The protesters said the filling station owners kept hiking the prices on daily basis while others hoard…
