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OIL AND GAS
PTD-NUPENG Confirms Mathias Ote as National Chairman, Urges Tanker Drivers to Shun Night Driving
The Petroleum Tanker Drivers (PTD) Branch of the Nigeria Union of Petroleum and Natural Gas Workers has officially affirmed Comrade Mathias Ote as the substantive National Chairman of the PTD branch.
The decision was reached during the…
NNPC Reports Surge in Oil Output to 1.84m bpd, Credits Strengthened Pipeline Security
The Nigerian National Petroleum Company Limited has announced a significant increase in Nigeria’s crude oil production, attributing the milestone to enhanced pipeline security measures implemented across the Niger Delta region.
The Group…
Nigerian Navy Destroys Illegal Crude Oil Storage Site in Bonny, Seizes 17,500 Litres of Suspected…
By ThankGod Inalegwu
The Nigerian Navy has recorded another major breakthrough in its campaign against crude oil theft in the Niger Delta, following the discovery and destruction of a large illegal crude oil storage…
Senate Summons Ex-NNPCL Boss Kyari Over Alleged N210tn Unaccounted Expenditure
The Senate has summoned the immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, over an alleged N210 trillion expenditure by the national oil company between 2017 and 2023…
Dangote Refinery Raises Petrol Gantry Price to N995 per Litre Amid Global Oil Market Pressures
By ThankGod Inalegwu
The Dangote Petroleum Refinery has increased its gantry price for Premium Motor Spirit (PMS), commonly known as petrol, to N995 per litre, marking a sharp rise of N221 within four days as…
ICPC Moves to Formalise Partnership with NCAOOSE, Urges Increased Funding to Protect Vulnerable…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has reaffirmed its commitment to a formal partnership with the National Commission for Almajiri and Out-of-School Children Education (NCAOOSE) to strengthen…
Tinubu Orders Direct Remmitance of All Oil, Gas Revenues into Federation Account
President Bola Ahmed Tinubu has signed an executive order mandating that all oil and gas revenues due to the Federal Government be paid directly into the Federation Account, marking a major overhaul of Nigeria’s petroleum revenue…
Decline in Nigeria, Libya Oil Production Affects OPEC January Output
The Organisation of Petroleum Exporting Countries (OPEC) recorded lower crude oil output in January 2025 due to shortfalls in production from Nigeria and Libya, Reuters reports.
According to Reuters survey, the production shortfalls in…
Fuel Price War: Dangote Reduces Fuel Price by N25
The Dangote Refinery has announced the reduction of the pump price of petrol by N25, from N799 T0 N774.
The reduction of price follows a massive importation of Premium Motor Spirit (PMS) by other marketers who intend retain a major share…
Multiple Allegations: Group Urges Tinubu to Probe NNPCL GCEO, Ojulari
An accountability and pro democracy group, has called on President Bola Ahmed Tinubu, to as a matter of necessity, cause an immediate probe into the multiple allegations against the Group Chief Executive Officer (GCEO) of Nigerian…