The House of Representatives Ad-hoc Committee on Fuel Consumption has begun the assessment of the volume of petroleum products being consumed in the country daily. Chairman of the Committee, Rep. Uzoma Abonta, led other members of the committee on an…
Oil major, Shell has entered into a 10-year marine liquefied natural gas (LNG) sales and purchase agreement with an Israeli container shipping company ZIM, valued at more than $1 billion. The LNG is intended for 10 LNG-fueled vessels that will…
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 101.04 dollars per barrel as at Wednesday. This is compared with 106.41 dollars per barrel recorded on Tuesday, according to OPEC…
Quest Oil & Engineering Services Limited, an indigenous energy provider has said that the recently passed Petroleum Industry Act (PIA) will engender trust and enhance investors’ confidence towards achieving a successful transitioning of the Nigerian Oil and Gas industry. This…
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 104.85 U.S dollars per barrel as at Monday, Aug. 29. This is compared with 103.89 U.S. dollars per barrel of the…
The Federal Government on Tuesday inaugurated the Governing Council of the Midstream and Downstream Gas Infrastructure Fund (MDGIF). Minister of State, Petroleum Resources, Chief Timipre Sylva, inaugurated the nine-member council, in Abuja, to fix the critical missing link in government’s…
Vice President Yemi Osinbajo departed Abuja for the United States of America early Wednesday, seeking global partnerships and support for Nigeria’s recently launched Energy Transition Plan. Osinbajo is leading Nigeria’s Energy Transition Implementation Working Group (ETWG) on the US mission…
The personnel from the Nigeria Navy have shut more than 216 unlawful refining facilities. Vice Admiral Awwal Gambo, the Chief of Naval Staff, claims that Naval actions during the review period resulted in savings of almost 41 million liters of…
Oil major Shell Plc has warned that Europe may have to brace for a string of winters with exorbitant power bills and electricity rationing as Russia squeezes gas supplies. “It may well be that we have a number of winters…
By Uthman Salami The Group Chief Executive Officer (GCEO), Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari alleged that churches, mosques, security agencies as well as host communities were involved in crude oil theft. The NNPC boss made this allegation…
