Oil & gas

NNPC Ltd, partners launch 5LNG plants in Ajaokuta

PRESS RELEASE In furtherance of its efforts to deepen domestic gas utilization, in line with the Federal Government’s Gas Revolution Agenda, the NNPC Ltd and its partners have launched five mini-Liquiefied Natural...

Oil markets unfazed by political turmoil of Trump’s first…

The ramifications of the Biden administration’s sanctions on Russia’s shadow fleet continue to roil oil markets, with the...

NNPC accuses economic saboteurs for Buguma Wellhead fire

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has accused pipeline vandalism of causing the recent fire outbreak...

Oil Prices Drop on Trump’s First Day in Office

On his first day in office, US President Donald Trump signed an executive order to withdraw from the...

Gaza ceasefire halts the oil price rally

Oil prices have stopped rallying as a ceasefire agreement between Israel and Hamas could lead to the end...
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NNPC denies reports of N3.3trn inflated subsidy claims

Abuja, June 10, 2024 – The Nigerian National Petroleum Company Limited (NNPCL) has denied reports of inflated subsidy claims to the tune of N3.3 trillion. Olufemi...

Sell crude oil to Dangote, other refineries in Naira…

The Federal Executive Council (FEC) has directed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Refinery and other local...

Atiku accusesTinubu of favouring nephew to buy oil…

Former Vice President of Nigeria, Atiku Abubakar, has accused President Bola Tinubu of giving undue advantage to his nephew in the purchase of some oil...

Bonny Gas transport charters prototype eco-friendly newbuild vessel, AKTORAS

Bonny Gas Transport Limited (BGT), a subsidiary of Nigeria LNG Limited (NLNG), has chartered a newbuild vessel, AKTORAS, in a strategic move to diversify...

Russia bans gasoline exports for 6 months from March

MOSCOW, Feb. 27, 2024 (Reuters) - Russia on Tuesday ordered a six-month ban on gasoline exports from March 1 to keep prices stable amid...

Shell Nigeria, partners paid $142m to NDDC in 2023

Lagos, May 30, 2024 – A total of $142.5 million was paid to the Niger Delta Development Commission (NDDC) last year by The Shell...
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