The Department of Petroleum Resources (DPR) says it is formulating a Maximum Economic Recovery (MER) strategy for Nigeria to attain maximum value…
Category:
Oil and Gas
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Oil extended its losses on Tuesday in volatile trade as concern over rising cases of the Delta coronavirus variant weighed on prices,…
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The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63 billion revenue…
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Oil prices tumbled about 4% on Monday as weak economic data from China and the United States, the world’s top oil consumers,…
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President Muhammadu Buhari says successful completion of the Ajaokuta-Kaduna-Kano, AKK Project in 2023 would enhance domestic gas utilisation as the mainstay for…
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Oil rose toward $75 a barrel on Wednesday after data showed U.S. crude inventories fell more sharply than analysts had forecast, bringing…
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Oando Plc has entered into a settlement with the Securities and Exchange Commission (SEC) in the overriding interest of the shareholders of…
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Crude oil futures rebounded on Tuesday as market participants vied to take advantage of oil’s two-month low hit in the previous session.…
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Oil prices plunged more than $4 a barrel on Monday, headed for its worst day since March, after OPEC+ agreed to boost…
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The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ have decided to adjust upwards their overall production by 0.4…
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Farming and fishing settlement of Yiba ama (formerly known as Oruma) in Ogbia Local Government Area of Bayelsa State has been reportedly…
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Following the report of the conference Committee on the Petroleum Industry Bill (Bill), the House of Representatives on Friday, in Abuja passed…
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NewsOil and Gas
Conference Committee adopts 3% as Equity Share for Host Communities, 30% for Frontier Basin Exploration
The Conference Committee of the Senate and the House of Representatives on a Bill for an Act to provide Legal, Governance, Regulatory…
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Shell Petroleum Development Company of Nigeria (SPDC) on Tuesday confirmed an oil leak at its facility in Ekeremor Local Government Area of…
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NewsOil and Gas
We can’t guarantee peace, security in the Niger Delta if equity share is not 10%, Clark, HOSTCOM
Pan-Niger Delta Forum (PANDEF), Chief Edwin Clark has again taken a swipe at the passed Petroleum Industry Bill, PIB by the National…