Barely a week after the fuel scarcity across Nigeria subsided in major cities, long queues of motorists have resurfaced at filling stations in Abuja, Lagos and other parts of the Continue Reading
An explosion ruptured a major Nigerian gas pipeline on Thursday, the state oil firm said in a statement, days after the same line was repaired following damage from a fire Continue Reading
Nigerian state oil company NNPC has issued a tender to buy up to 1.55 million tonnes of gasoline from January to April in its latest effort to stave off shortages Continue Reading
Recurrent fuel shortages in Nigeria, ironically the continent’s prime producer of the commodity, are seen as highlighting its failure to domestically refine the petroleum products it requires for its own Continue Reading
The Peoples Democratic Party (PDP) has called on security agencies to immediately probe the voluntary disclosure by the Managing Director of Nigeria National Petroleum Cooperation (NNPC), Dr. Mikanti Baru that Continue Reading
The Nigerian economy seems to be synonymous with fuel scarcity. It does not seem to matter which regime is in charge, every couple of years, or in some cases months, Continue Reading
With barely a month to the 2003 presidential election in Nigeria, Funsho Kupolokun, the Special Assistant to then President Olusegun Obasanjo hurriedly put together a bid round for three oil Continue Reading
The rise in oil production in Nigeria is a result of peaceful solutions to conflict in action, though pollution is problematic, a British official said. Harriet Thompson, the British Deputy Continue Reading
Lack of sufficient reserve, low clearance speed of petrol at the ports, diversion of products are some of the reasons for the ongoing fuel crisis being experienced in the country, Continue Reading
The incident at the Escravos Lagos Pipeline caused power cuts at several stations near the major southern city of Edo, an official statement read. “The sudden loss of generation due Continue Reading
The Senate yesterday cut short its three-week recess to convene a meeting with stakeholders in the oil sector, with a view to addressing the fuel scarcity which appears to have Continue Reading
The relief felt in Lagos is yet to extend to Abuja as the shortage of fuel persisted in the nation’s federal capital territory Wednesday. Long queues remained the main feature Continue Reading
Williams is a financial/business journalist, a communications specialist and an author. With over ten years’ newsroom experience, he has a reputation for crafting major headlines… Again, Nigeria’s government has failed Continue Reading
The Depot and Petroleum Products Marketers Association, DAPPMA, on Tuesday expressed concern over the inability of Nigerian National Petroleum Corporation (NNPC) to send petrol to its members’ depots. DAPPMA’s Executive Continue Reading
The Ekiti State Governor, Ayodele Fayose, has reacted to the persistent fuel scarcity in the country and called on President Muhammadu Buhari to resign for failing to ending the crisis. Continue Reading
Situated near emerging oil basins offshore West Africa, a review of resources in Sierra Leone suggested a vast increase in potential, an explorer said. Exploration and production company African Petroleum Continue Reading
Nigeria’s state oil firm said on Thursday it has more than doubled the daily supply of fuel for motorists to 80 million liters, amid a run on petrol that has Continue Reading
Ivory Coast has awarded partners BP and Kosmos Energy five new offshore oil blocks under an agreement with state oil company Petroci, government spokesman Bruno Kone said on Wednesday. Petroci Continue Reading
The Nigerian National Petroleum Corporation, NNPC, on Tuesday said it released 300 trucks of petrol to Lagos and 170 to Abuja, to stem long queues at filling stations. NNPC Spokesman, Continue Reading
A Nigerian oil workers union launched a strike on Monday, citing unfair labor practices, threatening to disrupt a significant portion of the country’s oil supply. But the strike was called Continue Reading
Less than 24 hours after it began an industrial action, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has backed off following the recall of its members Continue Reading
One of Nigeria’s largest oil unions launched a nationwide strike on Monday over the laying off of its workers, its general secretary said. The Petroleum and Natural Gas Senior Staff Continue Reading
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) said it had mobilised its members for a nationwide strike beginning from today following inability of the Minister of Continue Reading
The Federal Government has lost $21 billion (about N7.6trn) to faulty agreements with international oil companies from 1993 to 2017. Addressing State House reporters after the cabinet meeting yesterday, the Continue Reading
Nigeria’s projected growth in refining capacity over the early 2020s will ‘substantially’ erode the country’s crude oil exports due to a ‘weak’ new project pipeline. Nigeria’s projected growth in refining Continue Reading
Despite the pledge by the Nigerian National Petroleum Corporation (NNPC) to flood the country with petrol, most of the depots in Lagos were still dry at the weekend as the Continue Reading
The boom in oil money helped crown Angola’s seaside capital, Luanda, as the world’s most expensive city. Angola was once a magnet for the world’s biggest oil companies, drawing billions Continue Reading
The additional revenue generated from the reforms will be used to help balance the federal budget and encourage fresh investment in the energy industry. “The reform is aimed at increasing Continue Reading
Nigeria’s lack of infrastructure is hampering the transportation of gas to power plants, and six plants are currently sitting idle in the country because they lack gas, according to Shell’s Continue Reading
China’s Sinopec Group has hired BNP Paribas ( BNPP.PA ) to sell its oil business in Nigeria and Gabon, three people with knowledge of the matter said, as the state-owned Continue Reading
Nigerians have been thrown into panic following the re-emergence of long queues at fuel stations in parts of the country. The situation, amid rumour of hike in pump price of Continue Reading
Protestors shut down Adibawa wells 4 and 10, which feed into a flow station of the same name. Hundreds of demonstrators, comprising youths, elderly people, and women gathered to sing Continue Reading
The biggest real-estate foreclosure in Manhattan’s history began with a Nigerian jet-fuel binge. Kola Aluko, now in hiding from the authorities of multiple countries, allegedly spent so much money on Continue Reading
Beyond discussing the broader terms of the production cut deal, OPEC will crunch the numbers of exempt producers Libya and Nigeria this week to see if their oil production has Continue Reading
Nigeria’s state oil company is venturing into renewable fuels with a contract that will see a bioethanol plant built in the state of Kebbi, in northeastern Nigeria. The plant will Continue Reading
The House of Representatives has criticised a bid by the Nigerian National Petroleum Corporation, NNPC to spend $1.8 billion on the maintenance of the refineries across the country. In a Continue Reading
West African explorer FAR Ltd. said Tuesday that an independent audit has uncovered at least 1 billion barrels of oil offshore Gambia. FAR Ltd., an Australian company with a strong Continue Reading
The Reformed Niger Delta Avengers (RNDA), has again kicked against the proposed Tuesday meeting of the Pan Niger Delta Elder Forum (PANDEF) in Warri, Delta State, describing the meeting as Continue Reading
Supreme Egbesu Tigers of Africa, a militant group in the Niger Delta region, yesterday, threatened to attack oil and gas facilities belonging to Shell Petroleum Development Company, SPDC, in Ekeremor Continue Reading
Nigeria’s crude oil is under serious pressure at the international market, as Asian refiners have increasingly been moving away from their usual favourite, frequently opting for United State (U.S) crude Continue Reading
Angola’s president João Lourenço has dismissed Africa’s richest woman, Isabel dos Santos, as head of the country’s state oil company, in a bold move to wrest power from the family Continue Reading
Another militant group in the Niger Delta has vowed to break its truce against the Abuja government and restart attacks on oil and gas infrastructure in the area, according to Continue Reading
Nigeria’s Bonny Light crude has seen its price rise to its highest levels since February, as the grade began to trade in a more regular fashion in the spot market Continue Reading
More Fatalities in Western Ethiopia Amid Communal Violence Watch Mugabe’s Son Expose Lavish Lifestyle in a Video Zimbabwe’s Sacked Vice-President Heads for South Africa Any poker site can offer you Continue Reading
West-African explorer Tullow Oil said Wednesday it raised its expectations for production following a string of successes off the coast of Ghana. Tullow, which has headquarters in London, is tapping Continue Reading
The federal and the Delta State governments Monday appealed to the Niger Delta Avengers (NDA) to put paid to its threat at the weekend to resume hostilities in the oil-rich Continue Reading
Nigeria supports an extension of a deal between OPEC, Russia and other non-members to cut oil supply until the end of 2018 “as long as the right terms are on Continue Reading
To the international oil companies working in the Niger Delta region of Nigeria, a militant cease-fire is officially over, the Niger Delta Avengers said Friday. “Our next line of operation Continue Reading
Steady improvements in the U.S. labor market, coupled with militant threats against a major OPEC producer, helped support a soft rally in oil prices Friday. The U.S. Labor Department reported Continue Reading
A Nigerian militant group whose attacks on energy facilities in the Niger Delta last year helped push Africa’s biggest economy into recession said on Friday it had ended its ceasefire. Continue Reading
