Oil & Gas - Page 56

IMF Sympathises With Victims Of Kenya Anti-tax Protest

IMF Backs Fuel Subsidy Removal, As Gov’ts Spend $7trn To Lower Prices

About $7 trillion was spent globally on explicit and implicit fossil-fuel subsidies in 2022, the International Monetary Fund (IMF) revealed in a new report. With the cost of subsidies rising by $2

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised the Federal Government to take advantage of the technology used by illegal refineries. According to the Chairman of IPMAN’s Enugu Depot Community,

Fakoyejo Olalekan

2 years ago

Oil & Gas

Minister Of State For Gas Targets Reduction In Transportation Costs

Ekperikpe Ekpo, Nigeria’s Minister of State for Gas, has embarked on a collaborative mission with the Ministry of Petroleum Resources to tap into the country’s abundant natural gas reserves. The primary goal

Somto Bisina

2 years ago

Business·Oil & Gas

FG Loses N249bn To Decline In Crude Output, Fuel Hike Drops PMS Consumption

In July 2023, Nigeria’s total crude oil production fell to 33.5 million barrels, resulting in about N249 billion or $320.4 million lost last month, worsening the Federal Government’s revenue problem in the

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

NNPC Denies Plans To Increase Fuel Price

The Nigerian National Petroleum Company (NNPCL) has clarified that it will not increase the price of Premium Motor Spirit (PMS) in its retail outlets. The national oil company made this known in

Victor Ezeja

2 years ago

NLC Blames Govt Officials For Forex Crisis, Demands Urgent Stabilisation Of Naira

Business·Oil & Gas

NLC Considers Indefinite Nationwide Shutdown Over Proposed Hike In Fuel Price

The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has warned that another increase in the fuel price will lead to an indefinite nationwide shutdown. Ajaero made the warning at the

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Oil Marketers Suspend Fuel Importation

The Executive Secretary, Major Oil Marketers Association of Nigeria (MOMAN), Clement Isong, has disclosed that oil marketers have suspended their interest in the importation of Premium Motor Spirit (PMS). Isong said the

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

The price of Premium Motor Spirit, also known as petrol, is projected to rise from N580 to N750 per litre weeks from now, according to oil marketers. In a statement by the

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Eunisell Pioneering Production Facilities to Transform Oil and Gas Landscape

Eunisell, a prominent player in the oil and gas industry, has introduced novel Early Production Facilities (EPFs) poised to reshape the Niger Delta’s oil and gas sector Strategically positioned in challenging onshore

Admin

2 years ago

Business·Oil & Gas

Access Bank Serves Seplat Energy With Bankruptcy Court Order Against Orjiako

Seplat Energy has been served with a bankruptcy ex parte interim court order from Access Bank, as the financial institution moves to recover the debt A.B.C Orjiako owes the lender. Orjiako, who

Fakoyejo Olalekan

2 years ago

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Oil & Gas - Page 56

IMF Backs Fuel Subsidy Removal, As Gov’ts Spend $7trn To Lower Prices

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Minister Of State For Gas Targets Reduction In Transportation Costs

FG Loses N249bn To Decline In Crude Output, Fuel Hike Drops PMS Consumption

NNPC Denies Plans To Increase Fuel Price

NLC Considers Indefinite Nationwide Shutdown Over Proposed Hike In Fuel Price

Oil Marketers Suspend Fuel Importation

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Eunisell Pioneering Production Facilities to Transform Oil and Gas Landscape

Access Bank Serves Seplat Energy With Bankruptcy Court Order Against Orjiako

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