Fifteen crew members on board a Maltese-flagged oil tanker have tested positive to COVID-19, and two crew members have been hospitalized, but they are...

Energy

Drop In Oil Prices: NEITI Warns FG, States , LGs

marineandeconomy - May 12, 2019 0

The Nigeria Extractive Industries Transparency Initiative,( NEITI) has cautioned the three tiers of government on the need to exercise some restraint in their expenditure...

Energy

NNPC Moves to Reduce Price of Cooking Gas

marineandeconomy - January 10, 2019 0

The Nigerian National Petroleum Corporation (NNPC) is planning to stop the export of propane and butane anchored by its Crude Oil Marketing Division to...

Energy

FG Gets 7 Days Ultimatum From Oil Marketers over N800bn Subsidy

marineandeconomy - December 2, 2018 0

Oil marketers have issued a seven-day ultimatum, demanding the Federal Government to settle their outstanding debts, totaling N800 billion. In a statement the oil marketers...

Energy

FG Loses $2.5bn to Gas Flaring – Expert

marineandeconomy - October 21, 2018 0

Nigeria loses about 2.5 billion dollars annually from gas flaring in the country according to Mr Chinedu Onyeizu, Chief Executive Officer, AfriPERA, an Energy...

Energy

Oil Price Moves Towards $85 as Iran Sanctions Loom

marineandeconomy - October 2, 2018 0

Brent crude oil prices hit their highest level since November 2014 yesterday ahead of U.S. sanctions against Iran. Brent sweet crude oil futures rose to...

Energy

NNPC Yet to Know Nigeria’s Actual Daily Fuel Consumption

marineandeconomy - July 5, 2018 0

The National Executive Council has mandated the Nigerian National Petroleum Corporation, NNPC, to work with the Ministry of Finance to determine the actual daily...

Energy

NNPC Vows to Sustain Stability in Fuel Supply

marineandeconomy - March 27, 2018 0

The Nigerian National Petroleum Corporation (NNPC), says it has activated measures to ensure that the prevailing stability in the supply and distribution of petroleum...

Energy

Nigeria’s Oil Supply Faces Glut

marineandeconomy - March 8, 2018 0

Plenty supply of light and medium grades from the North Sea and the Mediterranean are limiting buying interest for Nigerian crude , thus making...

Energy

Hike in Crude Oil Price: Marketers Shun Petrol Import

marineandeconomy - January 3, 2018 0

Petroleum marketers have told the Federal Government that they would be abdicating their role of importing petroleum products. At the meeting they had with the...

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