Mele Kyari, MD, NNPC About $750 million was lost to oil theft in 2019, according to the Nigerian National Petroleum Corporation (NNPC) Group Managing Director,...

Oil and Gas

Smuggling of Nigeria’s Petrol to Mali, Ghana Others blamed on Price Disparity

marineandeconomy - July 4, 2019 0

Price disparity of Premium Motor Spirit, known as petrol , between Nigeria on one hand and Ghana, Burkina Faso, Mali and Cote d’Ivoire on...

Oil and Gas

FG Says Petrol Landing Cost Is Now N185 Per Litre

marineandeconomy - April 17, 2019 0

In what could be interpreted to mean an explanation for the ongoing subsidy on fuel consumption by Nigerians and justification of an impending increase...

Oil and Gas

FG Told to Halt Allocation of Oil Blocks to Individuals, Corporate Bodies

marineandeconomy - March 24, 2019 0

The Federal Government has been asked to stop allocating oil blocks to individuals and corporate bodies. Activist Lawyer, Femi Falana (SAN) gave the advice in...

Oil and Gas

Bonny Light Price Rises to $67.48 Per Barrel

marineandeconomy - March 14, 2019 0

The price of Nigeria’s premium oil grade, Bonny light has risen from $66.00 to $67.48 per barrel, the highest in recent times, as the...

Oil and Gas

NNPC Plans Fertilizer, Power Plants in Abuja, Kano, Kaduna , Bayelsa

marineandeconomy - March 6, 2019 0

Three new Independent Power Plants (IPPs) which are expected to add 4,0000 megawatts of power to stabilise the national grid are being proposed for...

Oil and Gas

Fuel Diversion: NNPC Partners with African Transportation Union

marineandeconomy - January 20, 2019 0

The Nigerian National Petroleum Corporation (NNPC) is seeking collaboration with members of the African Union of Transportation and Logistics Organization to check rising incidents...

Oil and Gas

Oil Marketers Direct Members to Shut Down Operations

marineandeconomy - December 10, 2018 0

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) on Sunday directed its members to shut down all loading operations by midnight. The directive...

Oil and Gas

Oil Prices Could Rise to $100 a Barrel by 2019 – Trafigura

marineandeconomy - September 25, 2018 0

Oil prices could rise to 90 dollars per barrel by Christmas and to 100 dollars per barrel by the New Year, Trafigura’s Co-Head of...

Oil and Gas

Nigeria’s Oil Exports to Crash to 1.43m Barrels Per Day in July

marineandeconomy - June 12, 2018 0

Nigeria’s oil exports are expected to fall in July to just 1.43 million barrels per day(bpd) the lowest level so far this year, loading...

Oil and Gas

NNPC Fails to Make Audited Account Public

marineandeconomy - April 9, 2018 0

The Nigerian National Petroleum Corporation (NNPC) said that it has completed the outstanding audit on its financial statements from the years 2011 to 2016,...

Oil and Gas

PPRA Denies Knowledge of Subsidy Payment

marineandeconomy - February 20, 2018 0

Petroleum Pricing Regulatory Agency, PPRA, has denied knowledge of details of payment of subsidy of Premium Motor Spirit (PMS) by Nigerian National Petroleum Corporation...

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Oil and Gas

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