Petrol Subsidy To End In 2023- CBN
Nigeria’s Central Bank Governor, Godwin Emefiele, says the Federal Government will put a stop to petroleum subsidy which will be made possible with the coming onstream of the Dangote refinery…
Nigeria Unlocks 5 Million Standard Cubic of Gas as Eni Lifts Force Majeure.
Eni, the parent company of Nigerian Agip Oil Company (NAOC), has said on Friday that it had lifted its force majeure on gas exports from Okaka in Bayelsa state, Nigeria,…
Shell Faces $5 Billion Hit For Leaving Russia
Shell, the British energy giant, said that it expects to lose up to $5 billion in the first quarter of 2022 as a result of its decision to leave Russia.…
Nigeria Begins Shallow Water Development To Meet Crude Production Target
Onshore oil exploration is getting a big boost from the Federal Government, which is providing massive support to indigenous oil firms. This is being done in an effort to increase…
IOCs fear collapse as FG says N1.36tn crude stolen in 14 months
Nigeria’s crude oil has been stolen to the tune of $3.27bn between January 2021 and February 2022, according to the Federal Government. This amounts to N1.361tn at the official exchange…