The price of Petrol has increased to about N617 per litre. A visit by Daily Trust to an NNPC filling station in the Central area of Abuja confirmed that the fuel price has now been adjusted from N539 to N617 per litre. Another customer, who confirmed this development, simply said: “It is true, I just bought at N617 per litre”, …

The Nigerian Navy has excavated and dismantled the oil equipment of a suspected oil syndicate on Oil Mining Lease-18 in Elem Krakama Creek in Degema Local Government Area of Rivers State. The Navy said it dismantled the equipment used in siphoning crude precisely on Oil Well 17 operated by the Nigerian National Petroleum Company Limited. The Commander, Nigerian Navy Ship …

The Health of Mother Earth Foundation (HOMEF) has condemned the recent burning of a vessel nabbed with stolen crude oil in the Niger Delta. In a statement in Benin on Saturday, HOMEF’s Executive Director, Mr. Nnimmo Bassey said that the manner the vessel was destroyed was wrong and harmful to the environment and human lives. He noted that the burning …

The Olu of Warri, Ogiame Atuwatse III has deplored the rising poverty of the people of the Niger Delta where the oil wealth of the nation comes from. The Olu lamented that the people of the Niger Delta have been despite having one of the largest oil and gas deposits in the country. According to him, too many communities under …

The Senate has set in motion moves to probe oil subsidy under the recovery regime operated by the federal government till 29 May 2023, when the subsidy was eventually removed. It also took a swipe at the N9.3 trillion expended on the subsidy regime by the Federal Government from January 2021 to June 2023, just as it sought living wage …

The 800,000-litre vessel intercepted on the coastline of Ondo State was Cameroun-bound, according to NNPC Limited (NNPCL). Tantita Security Services Nigeria Limited, owned by former militant leader Government Ekpemepulo (well known as Tompolo) intercepted the massive vessel carrying barrels of stolen crude oil in Escravos area of Delta State. The effort was said to have been in collaboration with security …

The consumption of Premium Motor Spirit (popularly called petrol or fuel) nationwide dropped to an average of about 18.5 million litres daily in June – from an average of 66.9 million litres in the pre-subsidy era this year, to 48.43 millions litres between 1st to 30th June. In his inaugural address on 29th May, President Bola Tinubu announced the removal …

In its bid to contribute to the eradication of illiteracy and empower the youth with needed tools and skills,  TotalEnergies L.E.A.D Career project and JA Nigeria (JAN) have organised a career growth programme for selected secondary school students across the country. According to a statement from the energy firm, the 10th edition of the initiative, which is tagged ‘L.E.A.D career …

The Group Chief Executive Officer of NNPC Limited, Malam Mele Kyari, on Thursday, announced that the company would be constructing another international gas pipeline worth about $8 billion. NNPCL and its partners are currently working on the construction of the $25 billion Nigeria-Morocco gas pipeline that is to supply gas from Nigeria to about 11 African countries and transport the …

There is no decision yet by the Federal Government to sell the shares of the NNPC Limited to the public through an Initial Public Offering (IPO), according to The PUNCH. An online medium reported on Wednesday that the NNPCL missed the deadline for the launch of its IPO, stating that this was contained in the national oil company’s latest quarterly …