DPR seals two filling stations over diversion of kerosene

The Department of Petroleum Resources, DPR, yesterday sealed two filling stations for hoarding and diverting 25 trucks of kerosene. The filling stations are Sunmart Progress...

Kerosene subsidy: NNPC spends trillions without appropriation

Testimonies, given on Thursday by various parties at the investigative hearing on the $49.8 billion oil money unremmitted by the Nigerian National Petroleum Corporation...

Federal fuel subsidy bill now N42bn

The Federal Government is set to spend about N1.5bn daily on fuel subsidy this month, showing a marginal reduction from the N1.6bn incurred last...

14 shiploads of PMS, DPK others arrive Lagos Ports

A total of 10 shiploads of Premium Motor Spirit PMS, also called petrol have been scheduled to arrive some oil reception facilities located in...

Reps to probe $446.4m demurrage on imported petrol

The House of Representatives on Thursday ordered an investigation into the $446.4m that the Federal Government allegedly paid to 16 foreign shippers in the...

Shell Nigeria hires Atlantic Aviation’s helicopter for crew transportation

New helicopter-services operator Atlantic Aviation, supported by one of the world’s leading providers of high-quality transportation to offshore oil and gas producers, has begun...

Mart Resources provides update on Umusadege field production and other operations

Mart Resources and its coventurers, Midwestern Oil and Gas Company (Operator of the Umusadege field) and SunTrust Oil Company, have provided the following updates...

Trading houses to buy oil majors’ $3bn Nigeria assets –Sources

Major commodity trading houses, Glencore and Mercuria are among the shortlisted consortia expected to make final bids on Nigerian energy assets worth around $3...

NNPC’s subsidy claims on kerosene hit $3.5bn in 19 months

As the debate over the Nigerian National Petroleum Corporation’s (NNPC) continued importation and marketing of kerosene at a subsidised price shifts to the National...

Eland Oil & Gas sees resignations

Eland Oil & Gas, which recently saw its Nigerian asset begin production, reported that Executive Technical Director, Gilles Krijger, has stepped down from his...

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