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OIL AND GAS

Petroleum industry unions seek clarity over new fuel price

As more marketers raised the pump price of Premium Motor Spirit (petrol) on Thursday, the Nigeria Union of Petroleum and Natural Gas...

NNPC takes step to end Oil Mining Lease 130 dispute

The Nigeria National Petroleum Corporation (NNPC), China’s CNOOC Ltd and South Atlantic Petroleum (SAPETRO) signed a preliminary agreement to resolve a dispute...

Glencore posts record oil trading earnings despite lower volumes

…Crude, product volumes slip 8% to 4.27 million b/d…Trading opportunities soar during pandemic upheaval…Reports $2.6 bil net loss on coronavirus impairments

“Petrol sales hit N2.36tn in 13 months”- NNPC

The Nigerian National Petroleum Corporation (NNPC) sold petrol worth N2.366 trillion to Nigerians between May 2019 and May 2020, the national oil...

MARITIME NEWS

Hellenic Shipping reports dip in Nigerian cargo import volume

…Experts forecast NGN1bn daily loss The economic effects of the novel coronavirus (COVID-19) may begin to manifest in the...

C&I Leasing raises N2.3bn fresh capital to boost operations

C & I Leasing Plc has raised about N2.26 billion through a rights issue to boost its operation. The company had set...

Pirates activities threaten offshore oil storage in GoG

As International oil companies (IOCs) grapple with a historic plunge in crude prices, a rise in piracy is will also threaten the...

Seafarers urge NIMASA to expunge ‘Near Coastal Voyage’ clause from STCW

…Lament marginalisation by LNG, foreign shipping companies Seafarers in the country have called on the Nigerian Maritime Administration and...

EXECUTIVE INSIGHTS

“Nigeria petroleum market over-regulated; margins, under-priced” – Stockman, OVH CEO

In what experts have described as the most fragmented downstream petroleum market in the world, endless opportunities lie in the recesses of an untapped...

Isong: Against Killer Subsidies and Risky Pricing

With over 30 years’ experience in the oil and gas industry, Clement Isong, Executive Secretary, Major Oil Marketers Association of Nigeria (MOMAN) is a...

ENYO, FIFA and a Champion’s Story

Abayomi Awoboku, Chief Executive Officer of ENYO Retail and Supply, is good at pushing buttons – on the game-pad, on the keyboard or on...

INTERVIEWS

Stereotypes, Water Transport and an emerging Megacity

With a population closing in on 20 million residents, Lagos State is arguably the one of the fastest growing cities in the...

Oil marketers afraid of moving products by rail – NRC MD

The Acting Managing Director, Nigerian Railway Corporation, (NRC), Engr. Fidet Okhiria, speaks on the railway infrastructure development plans of the Federal Government...

Full text of Interview with Shiraz Gany

What are your thoughts regarding the recent announcement by Federal Government of price deregulation for the country’s petroleum industry?

FEATURES

Oil exposure raises questions for West Africa’s big banks

West Africa's major banks could suffer a spike in loan defaults as lower oil prices and the acute economic impact of the...

Nigerians bid to sue Shell in U.K. over oil-spill pollution

Thousands of Nigerians are asking British judges to give them permission to sue Royal Dutch Shell Plc in London over environmental damage...

COVID-19 and the NIGERIAN MARITIME SECTOR: Lessons and Way Forward: Maritime Dispute Resolution Perspective

BACKGROUND The Nigerian maritime sector contributes a lot to the Nigerian economy, but like any other sector involving human...

LPG- The Next Energy Frontier

The predominant narrative about deepening the penetration of Liquefied Petroleum Gas (LPG) and absorbing the product into Nigeria’s energy mix has basically...
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LATEST ARTICLES

Four lessons Nigeria must learn from Beirut Port blast

Less than 48 hours to the 75th anniversary of the detonation of an atomic bomb over the Japanese city of Hiroshima by...

Petroleum industry unions seek clarity over new fuel price

As more marketers raised the pump price of Premium Motor Spirit (petrol) on Thursday, the Nigeria Union of Petroleum and Natural Gas...

NNPC takes step to end Oil Mining Lease 130 dispute

The Nigeria National Petroleum Corporation (NNPC), China’s CNOOC Ltd and South Atlantic Petroleum (SAPETRO) signed a preliminary agreement to resolve a dispute...

Glencore posts record oil trading earnings despite lower volumes

…Crude, product volumes slip 8% to 4.27 million b/d…Trading opportunities soar during pandemic upheaval…Reports $2.6 bil net loss on coronavirus impairments

“Petrol sales hit N2.36tn in 13 months”- NNPC

The Nigerian National Petroleum Corporation (NNPC) sold petrol worth N2.366 trillion to Nigerians between May 2019 and May 2020, the national oil...

Pipeline vandalism drops by 43% in Nigeria

The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil...

UBA-led consortium to inject $1.5bn into Nigeria’s oil industry

...Other participants in the deal include Vitol, Matrix Energy, Afrexim Bank, Standard Chartered Bank & Union Bank. The United...

FG, Shell, Bayelsa State establish Oloibiri Museum, Research Center

Sixty-four years after the discovery of crude oil in commercial quantities at Oloibiri, Bayelsa State by Shell Darcy, the Federal Government working...

Senate probes abuse of Cabotage Act, summons ministers

The Senate joint committees on local content, downstream petroleum and legislative compliance has summoned the Minister of Transportation, Rotimi Amaechi, to explain...

USTDA supports LNG infrastructure in Nigeria

The US Trade and Development Agency (USTDA) has awarded a grant to the Nigerian gas supply company Green Liquified Natural Gas Limited...

Most Popular

Four lessons Nigeria must learn from Beirut Port blast

Less than 48 hours to the 75th anniversary of the detonation of an atomic bomb over the Japanese city of Hiroshima by...

Petroleum industry unions seek clarity over new fuel price

As more marketers raised the pump price of Premium Motor Spirit (petrol) on Thursday, the Nigeria Union of Petroleum and Natural Gas...

NNPC takes step to end Oil Mining Lease 130 dispute

The Nigeria National Petroleum Corporation (NNPC), China’s CNOOC Ltd and South Atlantic Petroleum (SAPETRO) signed a preliminary agreement to resolve a dispute...

Glencore posts record oil trading earnings despite lower volumes

…Crude, product volumes slip 8% to 4.27 million b/d…Trading opportunities soar during pandemic upheaval…Reports $2.6 bil net loss on coronavirus impairments