Archives for Oil and Gas
NNPC, others imported 1.56bn litres petrol in November – Report
The Nigerian National Petroleum Company Limited has resumed large-scale importation of petrol, barely a year after declaring it had stopped bringing the product into the country, The PUNCH reports. Latest…
Cost of Services in Nigeria’s Oil & Gas Industry Cheapest in Africa – PETAN President
BY NGOZI ONYEAKUSI The President, Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya on Wednesday declared that the cost of providing services in Nigeria’s oil and gas industry is…
Pipeline attacks push Nigeria’s oil evacuation cost to $12/barrel
Nigeria’s effort to reduce its cost of oil production has suffered a major setback, as incessant pipeline attacks have pushed the cost of crude oil evacuation to $12 per barrel.…
PENGASSAN-Dangote rift widens over salary suspension
Dangote The Dangote Petroleum Refinery has stopped the monthly salaries of the engineers sacked in September during its face-off with the Petroleum and Natural Gas Senior Staff Association of Nigeria.…
Cost of Services in Nigeria’s Oil and Gas Industry is Cheapest in Africa – PETAN President
BY NGOZI ONYEAKUSI The President, Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya on Wednesday declared that the cost of providing services in Nigeria’s oil and gas industry is…
Power Distribution Companies Face Sanctions Over Slow Metering
Electricity Distribution Companies (DisCos) have come under intense scrutiny over their slow metering rollout and dismal refund performance, as the Nigerian Electricity Regulatory Commission (NERC) revealed that between 600,000 and…
Fresh concerns over rising dominance of expatriates in oil sector
NASS accuses IOCs, independent firms of non-remittance. The Senate has raised fresh concerns over rising expatriate dominance in the oil and gas sector, revealing that thousands of foreigners are currently…
NCDMB Emerges Best Agency in Ease Of Doing Business for 4th Year
BY NGOZI ONYEAKUSI The Nigerian Content Development and Monitoring Board (NCDMB) has won the Presidential Enabling Business Environment Council (PEBEC) Transparency and Efficiency Champion Award for the fourth consecutive year.…
50 oil blocks on stake as 2025 bid round begins
Fifty oil and gas blocks are up for auctioning from today as the 2025 licencing round bid portal come alive today. The auction, spanning multiple basins and terrains, is…
OPEC retains Nigeria’s 1.5mbpd level for 2026
The Organisation of Petroleum Exporting Countries (OPEC) has maintained Nigeria’s oil production quota of million barrels of crude per day (bpd) to December 2026. In a statement, the intergovernmental organisation…
