Shell provides gas to 90 industrial customers in Ogun, Rivers, Abia states

Shell Nigeria Gas (SNG), has provided natural gas to about 90 industrial customers in Ogun, Rivers and Abia states, thus boosting socio-economic development in...

Price of petrol, diesel, kerosene rose in December 2017 – NBS

The National Bureau of Statistics (NBS) has said that the average price of Premium Motor Spirit (PMS), otherwise known as petrol, increased by 17.10...

Nigeria has the lowest oil production per head in OPEC – Data

Nigeria, Africa biggest economy and its largest oil producer at between 2 million to 2.2 million barrels per day (with condensate) has the lowest...

NNPC enforces N133.28 ex-depot petrol price, begins direct supply to marketers

The Nigerian National Petroleum Corporation (NNPC) has deployed more of its depots and other throughput facilities to enforce the N133.28 Ex-Depot price of Premium...

RMAFC supports new petrol subsidy regime

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has backed the reintroduction of subsidy on petroleum products by the Federal Government through the Nigerian...

Chinese investors eye investment in modular refineries, infrastructure

Investors from China have indicated their interest in building multi-billion dollar modular refineries in Nigeria’s Niger Delta region, Daily Trust reports. The modular refinery initiative,...

OPEC likely to maintain status quo at next committee meeting – Kachikwu

With oil inventories still bloated, OPEC ministers are signaling not to expect any changes to their production cut agreement when a monitoring committee meets...

Glencore supplies India’s IOC with Nigerian oil as crude diffs look downward

The decision by Indian refiners, IOC and BPCL to take grades outside of West Africa could put downward pressure on Nigerian crude differentials, Reuters reports. Results...

Lukoil in talks with Petrobras over possible sale of Nigerian oil assets

According to its CEO, Vagit Alekperov, Russia's second-largest crude producer Lukoil is ready to expand its upstream portfolio with new or recently acquired assets...

NNPC cancels 1.55 mln tonne tender to buy petrol

Nigerian state oil company NNPC cancelled a tender it issued last week to buy up to 1.55 million tonnes of petrol from January to...

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