IPMAN urges Nigerians to disregard strike threat by South-East factioThe Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged Nigerians to disregard the threat by some marketers in the South-East zone of shutting down depots in Calabar, Port Harcourt and…
…To save Nigeria about $9bn potential contingent liability By Gloria Akudoro, Abuja As the dividends of PIA continue to linger, the Nigerian National Petroleum Company Limited (NNPCL) on Friday amicably renewed the signing of the fully termed agreement for the…
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.183 million barrels per day (bpd) in July 2022. OPEC made this known in its Oil Market Report for August 2022, which…
The Nigeria Liquefied Natural Gas Ltd. (NLNG) has denied the allegation that the company was involved in illegal exportation of LNG or any of its products outside the country. General Manager, External Relations and Sustainable Development, NLNG, Mr Andy Odeh,…
Shareholders of Oando Plc have reinforced confidence in the management of the company while urging the government to work with stakeholders to tackle the challenges facing the oil and gas industry. A statement posted on Oando’s website said the shareholders…
By Uthman Salami One of the leading international oil companies, Chevron Nigeria Limited has made a commitment of $112 million into the Partnership Initiative In the Niger Delta as part of its efforts in combating deep rooted socio-economic challenges within…
By Uthman Salami Russian oil exports through the Druzhba pipeline via Ukraine have been suspended over the problem of transit fee payments. This is in accordance with what Russian News Agency Interfax, reported on Tuesday, bearing a statement from Russia’s…
By Uthman Salami An indigenous Oil and Gas downstream company, Ardova Plc has denied it is facing a winding up charge over the alleged $6 million debt owed to Zenon Petroleum and Gas Limited (Zenon) by Ignite Investments and Commodities…
By Uthman Salami An oil Marketing firm, A-Z Petroleum Products Ltd claimed that the Federal Ministry of Finance has handicapped its operation on sales of Premium Motor Spirit (PMS) otherwise known as Petrol over unpaid N30 billion subsidy claims, having…
By Ogaga Ariemu The West African Power Pool (WAPP) is planning to create a Liquidity Enhancement Revolving Fund (LERF) for the ECOWAS Regional Electricity Market. Chairman, Executive Board of WAPP, Engr. Dr. Sule Ahmed Abdulaziz, stated this at the weekend,…
