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Oil and Gas

Nigeria’s crude oil output reduces by 40,000bpd

NIGERIA'S crude oil production fell by 40,000 barrels per day (bpd) in July relative to the previous month, reflecting...

NNPCL partnership with NIPCO on CNG to reduce demand for fuel

IN a partnership deal expected to reduce demand for Premium fuel Motor Spirit (PMS), the Nigerian National Petroleum Company...
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Petrol price: No relief in sight as domestic refining drags, market forces unfavourable

IT appears there would be no let yet in the surging pump price of petrol in Nigeria as uncertainty...

‘NNPCL should not solely determine petrol pump price in deregulated market’

NIGERIA risks enabling an unhealthy monopolistic market if the Nigerian National Petroleum Company Limited (NNPCL) continues to solely determine...
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We’ll recover $9bn gas flaring fines from erring companies – Reps

THE House of Representatives has resolved to recover the over $9 billion gas flaring fines that the Federal government...

Rising petrol price: Seven banks to support IPMAN on compressed gas alternative

THE Independent Petroleum Marketers Association of Nigeria (IPMAN) has confirmed business discussions with seven commercial banks as it seeks...
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