Marketers hail unveiling of new NNPC, task company on competitiveness
The Major Oil Marketers Association of Nigeria (MOMAN) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have hailed the...
Oil and Gas
Nigeria’s crude oil production averaged 1.238m bpd in June – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.238 million...
N165 pump price: NMDPRA monitors petrol depots, stations
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday said it had deployed its officials to petroleum depots...
Abia Govt. urges host communities to protect oil facilities
Abia Government has charged the oil producing communities in Ukwa West Local Government Area (LGA) to protect the oil facilities...
Reps query NNPC’s $49m refineries integrity test contract
The House of Representatives has queried the 2019, 49 million dollars contract for integrity test on Nigerian refineries awarded to...
We’ll no longer guarantee regular supply of petroleum products, say IPMAN south-East
Some members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) in the South-East say they will no longer guarantee...
IPMAN, ADITOP urge members not to sell PMS above N165
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Association of Distributors and Transporters of Petroleum Products (ADITOP) have urged...
OPEC launches history book in Iraq
The Organisation of the Petroleum Exporting Countries (OPEC) and the Ministry of Oil of Iraq have launched a history book...
Forex vastly affects costs of petroleum products – Cross River, oil merchant
An oil merchant in Cross River State, Uche Odigbo has bemoaned the ever-increasing cost of foreign exchange, which has impacted...
TotalEnergies posts N16.8bn profit for 2021
TotalEnergies Marketing Nigeria Plc (TEMNPLC), a leading energy company, has recorded a profit after tax of N16.8 billion for the...
Financial expert wants Nigeria’s crude oil priced in Naira
In the face of the weakening Naira, Mr Okechukwu Unegbu, a finance expert has suggested that Nigeria’s major revenue resource,...
Shares: Seplat Energy awards N5bn to 3 directors
Seplat Energy Plc has announced that share awards have been granted to three top directors under its 2014 Long Term...
Borehole drilling flare up gas at Emene in Enugu
The National Oil Spills Detection and Response Agency (NOSDRA) says it has received reports of gas leak which has engulfed...
Court restrains FG from issuing licences on marginal oil fields
The Federal High Court sitting in Yenagoa has restrained the Federal Government from issuing licences on marginal oilfields in the...
Regulatory authority working to sustain uninterrupted petroleum product supply
The Bauchi office of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will continue to ensure the...
Fuel Scarcity: We can’t afford exorbitant diesel to transport products – Distributors
The Association of Distributors and Transporters of Petroleum Products (ADITOP) says high cost of Automotive Gas Oil (AGO) used by...
IPMAN decries delay in payment of N500bn bridging claims
The Independent Petroleum Marketers Association of Nigeria (IPMAN), on Monday appealed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority...
Aviation fuel not selling at N700 per litre – MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) has debunked claims that Aviation Turbine Kerosene (ATK), also known as aviation...
Efforts to reduce global gas flaring stalled over 10 years — World Bank
The World Bank says global progress to reduce gas flaring, the wasteful industry practice of burning natural gas during oil...
Addax Petroleum confirms 1 dead in bomb explosion at its Izombe flowstation
Addax Petroleum Development Nigeria Ltd. says a suspected vandal died in Wednesday’s explosion at its flowstation in Izombe, Imo. The...
