Petroleum

Latest News on Petroleum
Algeria Crude Oil Output Slumped in 2020
Algeria Crude Oil Output Slumped in 2020

Algeria Crude Oil Output Slumped in 2020

Algeria’s oil revenue tumbled in 2020, worsening an economic crisis in the North African country which is highly dependent on crude income, according to data released by the Energy ministry on Sunday. The COVID-19 pandemic had taken a toll on oil prices, ravaging the economies of producer... read more »

FG Reduces Petrol Price by N5 Per Litre
FG Reduces Petrol Price by N5 Per Litre

FG Reduces Petrol Price by N5 Per Litre

The federal government has announced a N5 reduction in the price of Premium Motor Spirit, popularly known as petrol, bringing the pump price down to N162.44 per litre. The new price which FG said will take effect from December 14, 2020, came after negotiations with the organised labour. Senator... read more »

Autogas, Modular Refinery: PMB Making Conquests Steadily, Surely – Femi Adesina
Autogas, Modular Refinery: PMB Making Co...

Autogas, Modular Refinery: PMB Making Conquests Steadily, Surely – Femi Ade...

Diverse developments in our country often bring to mind lyrics of the song ‘God Moves in a Mysterious Way,’ by William Cowper. The lines go thus: “Behind a frowning providence, He hides a smiling face. His purposes will ripen fast, unfolding every hour.” If we are not discerning enough, the... read more »

The Essential Buhari: NNPC GMD’s testimony – Femi Adesina
The Essential Buhari: NNPC GMD’s testimo...

The Essential Buhari: NNPC GMD’s testimony – Femi Adesina

On Friday last week, Mallam Mele Kolo Kyari, Group Managing Director of Nigeria National Petroleum Corporation (NNPC), held an engagement with energy editors across diverse media platforms. Yours truly was invited. I currently serve as media adviser to President Muhammadu Buhari, but I remain... read more »

Oil Prices Hit 8-month Peak Amid Vaccine Hopes
Oil Prices Hit 8-month Peak Amid Vaccine...

Oil Prices Hit 8-month Peak Amid Vaccine Hopes

Global oil prices on Tuesday rose to the highest level since March, spiking above $47 per barrel (pb) amid hopes for a COVID-19 vaccine dispatch within weeks revived hopes for more fuel consumption. The international oil benchmark, Brent crude, gained more than 3 percent to climb to $47.82 pb, The... read more »

More from Petroleum

NNPC Begged People to Buy Oil at $9 – Kyari

NNPC Begged People to Buy Oil at $9 – Kyari

Mallam Mele Kyari, Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, has said that the firm had to beg buyers in April to purchase the Nigerian crude oil at $9... read more »

Reps to Pass PIB in Six Months - Gbajabiamila

Reps to Pass PIB in Six Months – Gbajabiamila

The Speaker of the House of Representatives Rep. Femi Gbajabiamila on Tuesday said the House was determined to pass a Petroleum Industry Bill that will be acceptable to all Nigerians within... read more »

AGAIN, NNPC Hikes Petrol Price, Marketers to Sell at N168-170/litre

AGAIN, NNPC Hikes Petrol Price, Marketers to Sell at N168-170/litre

The Petroleum Products Marketing Company (PPMC), has announced a rise in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, to N155.17 per litre from N147.67 per... read more »

Motorists Whine as Petrol Scarcity Rocks Abuja (Photos)

Motorists Lament as Petrol Scarcity Rocks Abuja (Photos)

There has been scarcity of Premium Motor Spirt (PMS) popularly known as petrol in the Federal Capital Territory (FCT), Abuja as long queues were seen at most filling stations in the city,... read more »

BREAKING: Four Killed, Scores Injured as Gas Plant Explodes in Lagos  

BREAKING: Four Killed, Scores Injured as Gas Plant Explodes in La...

Lagos has witnessed fresh explosion as Best Roof Cooking Gas plant exploded on Thursday in the Baruwa community of the Alimosho Local Government Area of Lagos State. The explosion which happened... read more »