Archives for Oil and Gas
Nigeria’s Oil Rigs Count Slumps 50% in Three Years
Drums of oil The latest Monthly Oil Market Report (MOMR) by Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s oil rigs count fell from 16 to eight between…
Seplat Energy, C4C youth entrepreneurship empowers 22 small businesses
Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, in partnership with Conversations for Change (C4C) has empowered a total of…
NNPC price slash fails to end fuel queues
The queues for Premium Motor Spirit, popularly called petrol, may continue in many states despite the 17 kobo slash in the ex-depot price of the commodity, oil marketers stated on…
Depots sell N220/litre, marketers project N350/litre pump price
Fuel The pump price of Premium Motor Spirit, popularly called petrol, could hit N400/litre at most filling stations before the end of this year, going by the continued scarcity of…
NNPC petrol price without subsidy is N400/litre – Marketers
Fuel The lowest price the Nigerian National Petroleum Company Limited can sell Premium Motor Spirit, popularly called petrol, to marketers, assuming there is no subsidy, is N400/litre, it has been…
Petrol stock dips by 5.48m litres, queues persist
Fuel The Nigerian National Petroleum Company Limited’s stock of Premium Motor Spirit, popularly called petrol, dipped by 5,481,239 litres, according to industry data released on Tuesday. Although the drop in…
Oil earnings crashed by N288bn in Q3 – FG
Drums of oil Nigeria’s earnings from crude oil crashed by in the third quarter of 2022 as a result of the incessant theft of the commodity in the Niger Delta,…
Seplat JV concludes 11th edition of Seplat Energy PEALs Quiz
… Green Park Academy in Edo emerges overall winner … Winning schools get project funds, scholarships CAPTION: The Seplat Energy Plc Team flank winners of the 2022 Seplat JV PEARLs…
Seplat Energy grows Q3 PBT by 90.3% to N77.5bn
Seplat logo Seplat Energy Plc, a leading Nigerian independent energy company has announced its unaudited results for the nine months ended 30 September 2022, recording a rise in profit before…
Fuel scarcity grounds Lagos, Ogun, Abuja, commuters stranded
Petrol scarcity hit different parts of Nigeria on Tuesday, forcing motorists to spend hours at filling stations while battling to get the product. Black marketers had a field day, selling…