Energy

DPR sanctions seven fueling stations in Kebbi, reverse pump price

Department of Petroleum Resources (DPR) in Kebbi State has ordered seven fueling stations in Birnin Kebbi to reverse their pump price from 175 Naira to the official price of 145 Naira or face stiff sanctions.

Marketers diverted 129,000 litres from Abuja on Friday – DPR

Mr Mohammed Saidu, Head Public Affairs Unit of the Department of Petroleum Resources (DPR) says petroleum marketers diverted 129,000 liters of petrol from Abuja on Friday.

DPR warns Gusau residents against panic buying, hawking of fuel

The Department of Petroleum Resources (DPR) has warned residents of Gusau in Zamfara against panic buying and hawking of Petroleum product.

Fuel scarcity: Petrol price hits N250 per litre in Anambra

The supply and price of petrol in Anambra has worsened as customers now pay between N250 and N300 per litre in the state.

Fuel scarcity: DPR exposes how marketers diverted 129,000 litres

Mr Mohammed Saidu, Head Public Affairs Unit of the Department of Petroleum Resources (DPR) says petroleum marketers diverted 129,000 liters of petrol from Abuja on Friday.

Fuel scarcity caused by ‘administrative challenges’ between federal govt, marketers – DPR

The Department of Petroleum Resources on Friday has attributed the lingering fuel crisis to what it described as “administrative challenges” between government and marketers.

Transmission station fire outbreak throws Kano into darkness

Most parts of Kano metropolis have been thrown into darkness, following a fire outbreak at the Kofar Dan’agundi transmission station in Kano on Thursday.

LiveWIRE: SPDC gives 35 Niger Delta entrepreneurs N14m

The Shell Petroleum Development Company (SPDC) on Thursday gave cheques for N14 million to 35 graduates in its 2017 Regional LiveWIRE Entrepreneurial Programme.

Federal govt to begin $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline

The Infrastructure Concession Regulatory Commission (ICRC) said that the 2.8 billion dollars Ajaokuta–Kaduna–Kano (AKK) gas pipeline project would soon commence.

OPEC oil output cut records highest compliance in November

Key oil producers appear calm at the level of discipline by both members of the Organisation of Petroleum Exporting Countries (OPEC), and non-OPEC members who endorsed output cut to stabilize gliding oil price which recorded highest compliance in November.

NNPC admits fuel supply hitches as scarcity persists

As fuel queues grew longer at the few filling stations that sold the product in Lagos and Ogun states on Thursday, the Nigerian National Petroleum Corporation said it noticed the current hiccup in the supply chain a few days ago.

NNPC denies selling crude to phantom companies

The Nigerian National Petroleum Corporation (NNPC) on Thursday said it had no dealings with companies without legal existence to lift and sell Nigeria’s crude oil grades.

NNPC blames marketers for fuel queues

The Nigerian National Petroleum Corporation (NNPC) has blamed the current petroleum scarcity in the country on marketers of the product.

Iraq begins takeover of oilfield from Shell

Iraq on Thursday took the first step towards taking over the giant Majnoon oilfield following the pullout of Anglo-Dutch giant Shell, Oil Minister Jabbar al-Luaibi said.

Fuel queues will disappear by weekend – NNPC

The Nigerian National Petroleum Corporation (NNPC), on Thursday, in Abuja says fuel queues will `normalise’ by Friday and disappear by the weekend.

We can account for every barrel of oil sold in Nigeria – NNPC

The Nigerian National Petroleum Corporation (NNPC) says has achieved 98 per cent automation of all transactions involving the supply, marketing and sale of the various grades and blends of Nigeria’s crude oil across the world.

IPMAN warns against storing petrol at home

Alhaji Popoola Ogundoyin, the Group Chairman, Osun State Independent Petroleum Marketers of Nigeria (IPMAN), has warned the masses against storing petrol at home.

House of Reps probe NPDC‎ over N6trn, $5.5bn unpaid revenue

The House of Representatives yesterday commenced a public hearing into the alleged non-remittance of over N6 trillion per anum, as well as $5.5 billion into the Federation Account by Nigerian Petroleum Development Company (NPDC) has been flagged off by Speaker Yakubu Dogara.

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ASCAB: President Buhari’s speech underestimate Sani Abacha’s $5 billion loot

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