Archives for Oil and Gas - Page 46
No Plan To Remove Fuel Subsidy Now — FG
The Federal Government has again clarified its stance on the removal of fuel subsidy, saying it had no plan to do so in the immediate future.…
Fuel Subsidy : NUPENG, PENGASSAN Kick Against IMFs Admonition
Workers in the oil and gas sector on Sunday advised President Muhammadu Buhari to shun any counsel that would destabilise or cause chaos in the economy. The…
Kachikwu Assures Nigerians of Sufficient Fuel
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu on Sunday assured Nigerians that there is sufficient Premium Motor Spirit (PMS), also known as fuel…
800 Companies Bid For 176 Gas Flare Sites — Kachikwu
No fewer than 800 companies have bidded for management of 176 gas flare sites in the country, the Minister of State for Petroleum Resources, Dr Ibe…
Fuel Price Increase: Sanction Depot Owners Selling Petrol Above Ex-depot Price, IPMAN Urges DPR
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on Department of Petroleum Resources (DPR) to sanction depot owners selling petrol above ex-depot price of…
Shell Leads IOCs in Local Content- NCDMB
The Nigerian Content Development and Monitoring Board (NCDMB) on Sunday recognized Shell as the most impactful International Oil Corporation (IOC) on Local Content Initiatives in the…
Dangote refinery’ll improve Nigeria’s trade balance by $2bn yearly –IMF
The International Monetary Fund has said the crude oil refinery being built by Dangote Industries Limited will improve the trade balance by $2bn per year after coming…
Ibe Kachikwu Returned As President, African Petroleum Producers’ Organisation
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has been re-elected the President of African Petroleum Producers’ Organisation (APPO), making Nigeria to retain the presidency…
Oil Price Hits 2019 High On OPEC Cuts, Concerns Over Demand Ease
Oil price hit a 2019 high above 69 dollars a barrel on Tuesday on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen…
ExxonMobile Considers Sale Of Nigeria Oil,Gos Feild For $3bn
Nearly two and a half years after exiting Nigeria’s downstream oil sector, ExxonMobil is weighing the sale of some oil and gas fields in the country. The…
