Investment bank, Standard Chartered, has been hired by Norwegian energy firm, Equinor, to sell its stake in the offshore Agbami oilfield. Equinor opted to sell the stake due to a reduction in production
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President Muhammadu Buhari, who also doubles as Minister of Petroleum Resources, has created a 14-man Steering Committee on Petroleum Products Supply and Distribution management. Buhari instituted the committee to probe and resolve
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The Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja, Mohammed Shuaibu, has disclosed that the cost of Premium Motor Spirit (PMS) could rise to N800/litre even as petrol scarcity persists. According
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Despite the scarcity of Premium Motor Spirit (PMS) in 2022, which led to some retailers shutting down their outlets, the revenue generated by the oil sector grew by 32.61 per cent. According
More The Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja, Mohammed Shuaibu, has revealed that the Nigerian National Petroleum Company (NNPC) Limited is yet to respond to their request for
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The Minister of Finance, Zainab Ahmed, has revealed why the administration of President Muhammadu Buhari chose to delay the removal of fuel subsidy until the next administration. President Buhari had scheduled fuel
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Africa’s richest man, Aliko Dangote, will have his Dangote Oil Refinery commissioned on January 24, 2023, after operation on the refinery was postponed for six years. The refinery was initially scheduled to
More The National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Ukadike Chinedu, has blamed the exchange rate as one of the factors causing the scarcity of Premium Motor
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shortlisted 139 oil and gas firms for its gas flaring commercialisation programme. The programme is aimed at both reducing carbon emissions and ensuring effective
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The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the Nigerian National Petroleum Company (NNPC) Limited sells petrol at a loss. Sylva’s claim follows nationwide criticism of President Muhammadu
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