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Category: Oil and gas

Oil settles down $2 per barrel, ends week lower on Fed worries, ample supply
Oil and gas
byNational UpdateFebruary 23, 2023

Oil settles down $2 per barrel, ends week lower on Fed worries, ample supply

By Obabueki Victor Nosakhare Oil settled down $2 a barrel on Friday and ended the week markedly lower, as traders…

IEA chief says China’s rebound is the biggest uncertainty facing oil markets
Oil and gas
byNational UpdateFebruary 23, 2023

IEA chief says China’s rebound is the biggest uncertainty facing oil markets

By Azeez Mojeed Olusola The International Energy Agency’s executive director has indicated that the biggest uncertainty facing global energy markets…

NUPENG threathens nationwide strike over “illegal activities of security agents, high-handedness”
Oil and gas
byNational UpdateJanuary 4, 2023

NUPENG threathens nationwide strike over “illegal activities of security agents, high-handedness”

The availability of petroleum products at retail outlets across the country in recent days that has brought some relief to…

FG says it is determined to finally end gas flaring 
Oil and gas
byNational UpdateDecember 20, 2022

FG says it is determined to finally end gas flaring 

*** PIA is a lifetime strategy that promises to bring renewed hope, says Komolafe The Federal Government through the Nigerian…

Surveillance contract award to Tompolo will end oil, gas theft -HOSTCOM
Oil and gas
byNational UpdateAugust 29, 2022

Surveillance contract award to Tompolo will end oil, gas theft -HOSTCOM

The National leadership of Host Communities of Nigeria producing Oil and gas (HOSTCOM) has indicated that the crude oil surveillance…

IPMAN says Nigerians would have been paying N900 per litre for PMS, without subsidy
Oil and gas
byNational UpdateJune 24, 2022

IPMAN says Nigerians would have been paying N900 per litre for PMS, without subsidy

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has indicated that Nigerians would have been paying N850 to N900 pet…

PIA: Minister assures HOSTCOM of FG’s engagement on details of their 3% benefits
Oil and gas
byNational UpdateJune 24, 2022

PIA: Minister assures HOSTCOM of FG’s engagement on details of their 3% benefits

Minister of state for Petroleum Resources, Chief Timipre Sylva hasassured Host Communities Producing Oil and Gas (HOSTCOM) that it has…

Senate moves to unravel Joint Venture default by Shell, seeks $200m refund to FG
Oil and gas
byNational UpdateJune 22, 2022

Senate moves to unravel Joint Venture default by Shell, seeks $200m refund to FG

For failing to comply with the Petroleum Act thereby breaching the Joint Venture Agreement entered into with the Federal Government the…

IPMAN asks Nigerians to stop panic buying
Oil and gas
byNational UpdateJune 22, 2022

IPMAN asks Nigerians to stop panic buying

***backtracks, says members will sell PMS at N165 per litre The Independent Petroleum Marketers Association of Nigeria (IPMAN) has asked…

Illegal refinery: Senate grieves over death of 110 victims of explosion in Imo 
Oil and gas
byNational UpdateApril 27, 2022

Illegal refinery: Senate grieves over death of 110 victims of explosion in Imo 

The unfortunate death of over 110 Nigerians caused by an explosion at an illegal refinery site in Abaezi community, Ohagi-Egbema…

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