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Oil & Gas
Reconciling alleged unremitted oil revenue
The recent revelation from the Nigerian National Petroleum Corporation (NNPC) that it spent the yet-to-be-reconciled $10.8billion on behalf of the Federal Government may have stoked the…
Brent oil tops $107 in rebound
Brent crude edged up over 107 dollars a barrel on Monday, bouncing back from its biggest weekly fall in six months.
Crude supply from Libya is set to more than double from current levels…
Stakeholders say privatising refineries will reduce corruption, engender efficiency,…
Stakeholders in the oil and gas sector have said that privatising the nation’s 450,000 barrels per day (bpd) capacity refineries is the best option for the country in the face of the current…
NLNG targets 40m tons production yearly amid project delay
Nigeria’s ambition to increase its global production share of liquefied natural gas (LNG) over the next 15 to 20 years is being slowed down as vital projects continue to experience delay.…
Who is afraid of privatisation of refineries?
The Federal Government budgeted about N971billion for subsidy on Premium Motor Spirit (PMS) otherwise called petrol in 2013 while over N635billion has been spent on subsidising kerosene for…