Headlines Oil prices fall as China demand outlook falters The prices of crude oil plummeted more than one per cent on Monday for a third session, after official data revealed refining and ... By maritimemagAugust 17, 20210
Headlines ECOWAS fixes deadline for adoption of cleaner fuel Member countries of the Economic Community of West African States (ECOWAS) have set a January 2025 deadline for the adoption of cleaner fuels ... By maritimemagAugust 16, 20210
Headlines PENGASSAN warns Nigerian government against import-driven deregulation The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has warned the Federal Government against embarking on import-driven deregulation of the ... By maritimemagAugust 16, 20210
Headlines Federal government urges host communities to use 3 per cent PIB allocated fund judiciously The Federal Government has revealed that it will engage oil producing communities in the Niger Delta on issues regarding the 3 per cent ... By maritimemagAugust 9, 20210
Headlines NNPC records N43.57 billion trading surplus in April The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦43.57bn in April 2021 representing a 23.64% increase over the ₦35.24bn ... By maritimemagAugust 9, 20210
Headlines NLC wants reduction of $2.18 gas price for GenCos The Nigeria Labour Congress (NLC) has rejected the reduction of domestic gas prices for electricity generation from $.2.50 to $2.18 per standard cubic feet (SCF), ... By maritimemagAugust 7, 20210
Headlines Nigerian government will continue to invest in hydrocarbons – Minister The Federal Government has reiterated its determination to continue to invest in hydrocarbons despite the global clamour for renewable energy. Nigeria currently has ... By maritimemagAugust 5, 20210
Economy MER: DPR harps on economic recovery agenda for oil and gas sector The Department of Petroleum Resources (DPR) has harped on the usage and formulation of Maximum Economic Recovery (MER) agenda, in a bid to ... By maritimemagAugust 4, 20210
Headlines Petrol consumption increases as smuggling soars Abiola Seun Petrol consumption in Nigeria leaped by 340 million litres within a space of one month, figures released by the Nigerian National ... By maritimemagAugust 3, 20210
Headlines IPMAN threatens to suspend operations in Enugu, Rivers, others The Independent Petroleum Marketers Association of Nigeria on Saturday threatened to suspend the supply and distribution of products within its designated Eastern Zone ... By maritimemagAugust 1, 20210
Headlines Oil prices rebound as market set for stability Crude oil futures rebounded Tuesday as market participants vied to take advantage of oil’s two-month low hit in the previous session. Monday’s selloff, ... By maritimemagJuly 22, 20210
Headlines Nigeria needs N1.3 trillion to convert eight million public vehicles from petrol to gas The Nigerian government would require no less than N1.32 trillion (3.2 billion) to be able to transition its vehicles from the use of ... By maritimemagJuly 22, 20210
Headlines DPR clarifies comment on N1,000 per litre of petrol — says it was ‘taken out of context’ The Department of Petroleum Resources (DPR), on Tuesday, clarified its comment projecting a hike in the pump price of premium motor spirit (PMS), ... By maritimemagJuly 22, 20210
Headlines Petrol price to hit N1000 per litre — DPR warns Abiola Seun The Department of Petroleum Resources (DPR), has said the pump price of petrol in Nigeria may rise up to as much ... By maritimemagJuly 20, 20210
Headlines OPEC+ upward adjustment on crude oil production starts August The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ have decided to adjust upwards their overall production by 0.4 million ... By maritimemagJuly 20, 20210
Headlines Ijaw youths urge government to review revocation of Atala oil field Ijaw Youths, under the umbrella of Ijaw Youths Council worldwide have asked federal government to reconsider the revocation and re-award of Atala Oil ... By maritimemagJuly 19, 20210
