Oil & Gas
General Oil & Gas

Petroleum tanker drivers back Tinubu’s oil sector agenda

From Our Correspondent The Petroleum Tanker Drivers (PTD) association says time has come to work with the Federal Government, stop strikes and ensure an adequate supply of petroleum products. Mr Lucky Osesua, President of PTD, while chatting with newsmen on Tuesday in Abuja. Osesua urged PTD members nationwide to go about their normal duties to […]

Read More
Economy National Oil & Gas

NLNG restates commitment to local content development

By Abdulfatah Babatunde The Nigeria LNG Limited (NLNG) has again demonstrated its unwavering commitment to the advancement of local content in Nigeria. The company reinstated this at a three-day Nigerian Content Stakeholders Retreat held at its plant complex in Bonny, Rivers State over the weekend. The event provided a platform for the cohesion of NLNG’s […]

Read More
General Oil & Gas

FG establishes 7 CNG conversion centres

From Our Correspondent The Presidential Compressed Natural Gas (CNG) Initiative Steering Committee, on Friday, said seven CNG conversion centres have been established in the country. The Committee Chairman, Mr Zacch Adedeji, made this known while handing over CNG buses to the State House, Permanent Secretary, Mr Olusesan Adebiyi, in Abuja. Adedeji is the acting Chairman […]

Read More
Economy General Oil & Gas

Nigeria’ll support global energy security – NLNG MD

By Abdulfatah Babatunde The Decade of Gas plan is the most comprehensive plan to restore efforts towards fully harnessing Nigeria’s vast gas resources and ensure a reliable global supply of clean energy, the Managing Director of Nigeria LNG Limited (NLNG), Dr Philip Mshelbila, has said. Mshelbila made this remarks when a delegation from the European […]

Read More
Economy General Oil & Gas

Gomba’s “Grit” wins “Nigeria Prize for Literature”

By Abdulfatah Babatunde The Advisory Board for The Nigeria Prize for Literature, sponsored by Nigeria LNG Limited, (NLNG) has announced “Grit”, authored by the playwright, Obari Gomba, as the winner of the $100,000 prize for the 2023 cycle on Drama. Prof. Akachi Adimora-Ezeigbo, Chairperson of the Advisory Board, made the announcement at the Grand Award […]

Read More
Economy General Oil & Gas

NLNG seeks urgent action to secure gains from gas

By Our Correspondent The Managing Director of Nigeria LNG Limited (NLNG), Dr Philip Mshelbila, says Nigeria should leverage the opportunities from energy transition by increasing its investment in gas to harvest huge gains. Mshelbila gave the advise, on Monday, when the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, visited the NLNG plant on […]

Read More
General Oil & Gas Security

Nigeria Army intercepts stolen crude, arrests 22 suspects

From Our Correspondent The Nigeria Army says its troops in the Niger Delta area foiled crude oil theft estimated to cost about N388.5 million and arrested 22 suspected oil thieves in the process. Maj. Gen. Buba Edward, the Director of Defence Media Operations, announced this at a media briefing, on Thursday, in Abuja. Edward spoke […]

Read More
General National Oil & Gas

Petrol: NLC berates FG, rejects new pump price

By Our Correspondent The Nigerian Labour Congress (NLC) has berated the Federal Government over the astronomic hike in the pump price of petrol and the “unrealistic palliative” it earlier announced. Reacting to Tuesday’s price hike, President of the Nigeria Labour Congress (NLC), Joe Ajaero rejected and described it as “anti-people”. Speaking on Channels Television Politics […]

Read More
Economy Oil & Gas

Petrol price hike: NNPCL blames market forces

By Abdulfatah Babatunde Nigerian motorists woke, on Tuesday, into the agony of another hike in the pump price of petrol from N488 to N617 per litre. TheNewsZenith reports that many fuel stations in Lagos now sell at between N598 and N614 per litre against the old price template of N488 per litre. At Mobil, Oando […]

Read More
Foreign News Oil & Gas

Oil rises as market weighs supply cuts against gloomy economy

Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters – Saudi Arabia and Russia – against the backdrop of an uncertain global economic outlook. Brent crude futures climbed 32 cents, or 0.42 per cent, to $75.73 a barrel by 0805 GMT. U.S. West Texas Intermediate crude was at $70.96 […]

Read More