Nigeria’s crude oil export rises as Shell lifts force majeure on Bonny terminal
Oredola Adeola The Shell Petroleum Development Company of Nigeria Limited (SPDC) has lifted the force majeure on the Bonny export...
Oil & Gas
Brent slumps to $73/bbl in response to US banking turmoil, threatens oil price benchmark for 2023 budget
Oredola Adeola Brent crude (Nigeria Bonny’s benchmark) and WTI fell significantly from $82.78 and $76.68 on Friday, March 10 to...
Nigerian content intervention fund rises to N205.65bn in 5 years, opens credit access to indigenous oil, gas industry players
Oredola Adeola A total of $450 million (N205.65 billion) of the Nigerian Content Intervention fund (NCIF) has been disbursed by...
Removal of petrol subsidy delayed because of 2023 general election, census – Zainab Ahmed, Finance Minister
Oredola Adeola The Nigerian Government has revealed that the full removal of the subsidy payment on Premium Motor Spirit (PMS)...
Nigerian upstream regulator sets to introduce bailout funds for 2020 Marginal Oil Field licence awardees
Oredola Adeola The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed the plan to introduce hydrocarbon production-based lending engagement...
NCDMB takes CCG to Ondo state, begins training, skill acquisition for host community youth
Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to developing a pool of skilled,...
Experts caution African oil producing nations against resource nationalisation, advocate enabling environment for private sector players
Oredola Adeola Oil and gas producing countries in Africa have been charged to reduce the destructive policy of resource...
OPEC’s global market share sets to jump to 50%, as US oil producers lament over shale’s post-Covid slow growth
Oredola Adeola Oil producers in the United States and industry expert have projected that the Organization of the...
Edo state govt., Decklar sign sale agreement for supply of 150,000 barrels of crude oil to Edo modular refinery
Oredola Adeola The management of the Edo Refinery and Petrochemical Company Limited (ERPC) and Decklar Resources Inc, in collaboration with...
9,984 trucks loadout 558.83 million litres of petrol from 66 depots between March 4 -10, 2023
Oredola Adeola The data released by the Nigerian National Petroleum Company Limited, (NNPCL) has shown that 9,984 trucks evacuated a...
