India is preparing to sharply reduce its imports of russian crude oil following new sanctions by the united states targeting rosneft and lukoil. The move […]
Category: CRUDE OIL
Reps Launch Probe into Stalled $35m Government-Funded Modular Refinery Project in Bayelsa
The House of Representatives has ordered an investigation into the stalled takeoff of the government-funded modular refinery project in Brass, Bayelsa State, despite an investment […]
Economists Caution Nigeria Against Delays in Monetizing Oil and Gas Reserves as Global Demand Nears Peak
Nigeria risks losing billions in unexploited wealth if it fails to monetise its vast oil and gas reserves before global demand peaks, economists have warned. […]
Lokpobiri Reaffirms FG’s Commitment to Balancing Crude Oil Production for Domestic and Export Needs
The Minister of State for Petroleum Resources, Heineken Lokpobiri, has reaffirmed the Federal Government’s commitment to ensuring that every barrel of crude oil produced in […]
Fuel Queues Hit Abuja, Lagos as PENGASSAN Shuts Facilities over Alleged Sack of 800 Dangote Refinery Workers
Fuel queues resurfaced in Abuja and Lagos after the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) shut key oil and gas facilities […]
ENERGY: Nationwide Strike Threatens Nigeria’s Fuel And Power Stability
Nigeria’s energy sector has been thrown into turmoil as the Petroleum and Natural Gas Senior Staff Association of Nigeria began a nationwide strike following the […]
Nigeria Breaks Decade-Long Oil Investment Lull with Fresh Commitments
Nigeria has broken a decade-long drought in oil sector investments, with billions of dollars in fresh commitments now flowing into the industry. Minister of State […]
IPMAN Urges DAPPMA, NUPENG to Resolve Dispute with Dangote Refinery Through Dialogue
The independent petroleum marketers association of nigeria (ipman) has appealed to the depot and petroleum products marketers association of nigeria (dappman) and the nigerian union […]
Nigeria Secures $18.2 Billion Investment Commitments in Oil and Gas Sector
Nigeria has secured investment commitments worth eighteen point two billion dollars following sweeping reforms in its oil and gas industry. The Nigerian upstream petroleum regulatory […]