Hydrocarbon Pollution Remediation Project, HYPREP, has assured that it would give priority attention to youths of Ogoni by creating more job opportunities,…
Category:
Oil and Gas
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The House of Representatives’ Committee on Host Communities has assured the people of Niger Delta that it would quickly propose and commence…
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NewsOil and Gas
NUPRC sets up ADR to handle disputes arising from 3% implementation of oil revenue in host communities
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, said it has successfully set up an Alternatives Dispute Resolution, ADR, to handle issues that…
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NewsOil and Gas
Brent oil price rises over 2% to $81.86 a barrel; focus on OPEC+, storm-hit Kazakh output
Oil prices jumped over 2% on Tuesday on the possibility OPEC+ will extend or deepen supply cuts, a storm-related drop in Kazakh…
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Minister of state, Petroleum Resources (Gas), Ekperikpe Ekpo has constituted a committee with a mandate to come up with recommendations on how…
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Nigeria is ramping up its production targets ahead of a pivotal OPEC+ meeting set to decide on matters including how much oil…
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NewsOil and Gas
NDDC prunes foreign scholarships from 2024 over fx rate, introduce local scholarship
Niger Delta Development Commission, NDDC, has said that from 2024 it would reduce the number of beneficiaries of its foreign post graduate…
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The average retail cost for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) saw a month-on-month rise of 14.04%, rising…
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Italy’s Eni has temporary halted arbitration regarding an oilfield dispute with the Nigerian government, buying time to discuss a conversion of the…
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Brent crude futures climbed more than 2%, gaining $2 a barrel on Monday as further supply cuts in OPEC+ production are expected…
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Nigeria is withdrawing civil claims totalling $1.1 billion against energy producer Eni SpA, Bloomberg News reported on Thursday. Nigeria’s justice ministry will…
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Azikel Petroleum Refinery has signed a $259m debt funding facility with the African Export-Import Bank for the Azikel Refinery Project located in…
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OPEC has said that oil market fundamentals remained strong and blamed speculators for a drop in prices as it slightly raised its…
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The U.S. Treasury Department has sent notices to 30 ship management companies requesting information for more than 100 vessels it suspects of…
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The Nigeria Extractive Industries Transparency Initiative (NEITI) said out of a total mineral revenue of N6.40 trillion, the Nigerian Upstream Petroleum Regulatory…