Oil & Gas - News Agency Of Nigeria

NNPC has 1.8bn litres of petrol in stock – Spokesman

On: February 20, 2023

By Ella Anokam The Nigerian National Petroleum Company Ltd., (NNPC Ltd.) says it has 1.805 billion litres of petrol in stock. Its spokesman, Malam Garbadeen Muhammad, stated in Abuja on Monday that the volume of petrol in stock would last for 30 days. He explained that 805.35 million litres ofContinue Reading

Mineral promotion: Agency conducts mega mineral clinic in FCT

By: Vivian Ihechu

On: February 18, 2023

In: Oil & Gas

By Vivian Emoni The Nigerian Geological Survey Agency (NGSA) has concluded its mega mineral clinic to ensure that goals scored in area of geosciences data generation are digested by investors. The Director-General of the agency, Dr Abdulrazaq Garba, said this on Saturday in Abuja, at an occasion of itsContinue Reading

Fuel subsidy now above N400bn monthly – NNPCL

By: Afonne Emmanuel

On: February 18, 2023

In: Oil & Gas

By Emmanuella Anokam The Nigerian National Petroleum Company Ltd. (NNPCL) has disclosed that the amount being spent as subsidy on Premium Motor Spirit (PMS), popularly called petrol, had crossed N400 billion monthly. Malam Mele Kyari, NNPCL’s Group Chief Executive Officer, disclosed this on Friday in Abuja at the ongoing FinalContinue Reading

NNPC Ltd. to begin drilling in Nasarawa State, March 21

By: Vivian Ihechu

On: February 17, 2023

In: Oil & Gas

By Awayi Kuje The Nigeria National Petroleum Company Limited (NNPC Ltd) will begin drilling of the first oil well in Obi/Keana Nasarawa State on March 21. Malam Mele Kyari, Group Chief Executive Officer of NNPC Ltd., made the disclosure when he led Management of the Company on aContinue Reading

Routine gas flaring in Nigeria ends 2023 –TotalEnergies

By: Vivian Ihechu

On: February 15, 2023

In: Oil & Gas

By Yusuf Yunus TotalEnergies Nigeria, said that that it had ended routine gas flaring in Nigeria this year. Mr Mike Sangster, the Managing Director, TotalEnergies EP Nigeria Ltd., said this at the International Oil Companies (IOC) panel session during the Sub Saharan Africa International Petroleum Exhibition and ConferenceContinue Reading

Culture, veritable tool for unity, peaceful cohesion – Minister

By: Afonne Emmanuel

On: February 13, 2023

In: Oil & Gas

By Ella Anokam The Minister of Information and Culture, Alhaji Lai Mohammed, has underscored the need for Nigerians to understand the beauty and dynamism of culture as a veritable tool for unity and peaceful cohesion. The minister made this known on Sunday in Abuja at a dinner organised in honourContinue Reading

FG expands database to cover crude oil inventory

By: Rabi'u Sani Ali

On: February 13, 2023

In: Oil & Gas

By Ella Anokam The Federal Government has announced plans to establish reliable database to determine appropriate tariff methodology for transportation and bulk storage of crude oil and natural gas in the country. The Authority Chief Executive (ACE), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed stated thisContinue Reading

Naira swap: NMDPRA to sanction fuel stations not accepting POS

By: Afonne Emmanuel

On: February 10, 2023

In: Oil & Gas

By Ella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will sanction fuel stations that reject the use of Point of Sale (POS) machines or bank transfers at their outlets. This is contained in a statement by Mr Kimchi Apollo, General Manager, Corporate Communications and StakeholdersContinue Reading

Renewable energy key to bridging energy gap – Experts

By: Vivian Ihechu

On: February 9, 2023

In: Oil & Gas

By Stellamaris Ashinze Some experts, on Wednesday, said that renewable energy was key to bridging the energy gap in the underserved and unserved communities. They stated this at a panel discussion, with the theme: ‘Bridging the Energy Gap in Un-served and Under-served Communities in Nigeria’ at the ongoing AFRICANXT 2023 inContinue Reading

FG vows to find permanent solutions to fuel scarcity

By: Afonne Emmanuel

On: February 8, 2023

In: Oil & Gas

By Emmanuella Anokam The Federal Government has warned of dire consequences for any individual or groups who attempt to exploit or further cause untold hardship to ordinary Nigerians by disrupting fuel supply and distribution chain. This is coming on the heels of renewed efforts by the Nigerian National Petroleum CompanyContinue Reading

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