[Daily Trust] Fuel subsidy is projected to gulp about N5.4 trillion in 2024, according to the federal government.
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[Namibian] Shell South Africa is considering its next moves regarding continued investment in offshore exploration for oil after the Supreme Court of Appeal (SCA) yesterday dismissed its appeal against an earlier court ruling that set aside exploration rights and renewals for oil and gas exploration off the Wild Coast.
[This Day] Warri -- The Petroleum Training Institute (PTI), Effurun, Delta State has matriculated 1,793 students for its 2023/2024 academic session.
[Vanguard] Nigeria's potentials to significantly increase its oil production and meet local refining demands by tapping into its idle brownfields has been espoused by Victor Ekpeyong, Chief Executive Officer, CEO, Kenyon International, an energy services company.
[DW] Nigeria relies on crude oil for more than two-thirds of its earnings and about 90% of foreign exchange income, but massive theft in the country's oil-rich heartland is draining national revenue.
[AIM] Seoul -- The Chairperson of the Board of Directors of the Korean oil company Kogas, Yeon-Hye Choi, has expressed her commitment to continue investing in the billion-dollar natural gas production project underway in Area 4 of the Rovuma basin, off the coast of the northern Mozambican province of Cabo Delgado.
[Premium Times] The formal commissioning ceremony of the facility will be performed by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo on 6 June, 2024.
[SAnews.gov.za] Consumers are expected to feel some relief this month as the price of all grades of fuel are expected to fall.
[This Day] *Institute matriculates 1,793 students
[Vanguard] Abuja -- In a scathing critique of President Bola Ahmed Tinubu's first year in office, Nwafor Chigbo, convener of the Good Friends Network for Peter Obi, has described the removal of fuel subsidy as a 'costly blunder' that has worsened the lives of Nigerians.
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