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ANALYSIS: Nigerian oil companies recorded N9bn decline in net profit after subsidy removal

    ANALYSIS: Nigerian oil companies recorded N9bn decline in net profit after subsidy removal

The net profit of the Nigerian oil and gas industry dropped by 27.08 percent year-on-year in the second quarter (Q2) after President Bola Tinubu removed the petrol subsidy during the

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‘$23bn crude revenue, N1trn subsidy cost’ — highlights of NEITI’s oil and gas report

    ‘$23bn crude revenue, N1trn subsidy cost’ — highlights of NEITI’s oil and gas report

On Monday, the Nigeria Extractive Industries Transparency Initiative (NEITI) unveiled its 2021 oil and gas report, which provides information and data on the sector. Speaking at the event in Abuja,

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ExxonMobil to make new investments in Nigeria despite unresolved MPNU deal

    ExxonMobil to make new investments in Nigeria despite unresolved MPNU deal

Liam Mallon, the president of global upstream operations at ExxonMobil, said his company will be making new investments in Nigeria. Mallon made the commitment after meeting with President Bola Tinubu

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Tinubu vows to end bottlenecks to oil industry funding

President Bola Tinubu met with international oil and gas stakeholders on Tuesday, in New York, United States — informing them of his readiness to make the sector investable. According to

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NMDPRA, Novertek sign LPG depot construction deal | Femadec gets CNG supply approval

    NMDPRA, Novertek sign LPG depot construction deal | Femadec gets CNG supply approval

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has given Novertek Energy Limited approval to construct liquefied petroleum gas

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Report: Dangote refinery to receive first crude oil cargo as operations begin in October

    Report: Dangote refinery to receive first crude oil cargo as operations begin in October

Dangote refinery says it will receive its first cargo of crude oil in the next two weeks. Devakumar Edwin, executive

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NEITI: NNPC didn’t remit $2bn to FG before transitioning to commercial entity

    NEITI: NNPC didn’t remit $2bn to FG before transitioning to commercial entity

The Nigeria Extractive Industries Transparency Initiative (NEITI) says the defunct Nigeria National Petroleum Corporation (NNPC) did not remit $2 billion

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NNPC fires all management staff with less than 15 months to retirement

    NNPC fires all management staff with less than 15 months to retirement

The Nigerian Nation Petroleum Company (NNPC) Limited says some management staff will be exiting the firm effective September 19, 2023.

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Oil price nears $95 a barrel amid fears of supply deficit

    Oil price nears $95 a barrel amid fears of supply deficit

Oil price, on Monday, recorded an upswing to nearly $95 a barrel. Brent crude rose 0.38 percent to $94.30 a

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THE INSIDER: Reps panel under pressure to ditch probe of alleged crude oil theft 

    THE INSIDER: Reps panel under pressure to ditch probe of alleged crude oil theft 

Some stakeholders in the oil and gas sector are reportedly making attempts to thwart the house of representatives ad hoc

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