The Executive Secretary, Petroleum Equalisation Fund (PEF), Alhaji Ahmed Bobboi says plans are in the pipeline to commence transportation of petroleum products…
Category:
Oil and Gas
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Crude oil prices turned higher as a major U.S. fuel pipeline said it could largely restart within the week after a cyberattack…
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Crude Oil prices rose on Thursday, on track to hit six-week highs as strong U.S. economic data, a weak dollar and an…
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Oil prices edged higher on Tuesday as OPEC+ was expected to stick to existing plans to boost oil output slightly from May…
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The gas development and commercialisation programme of the Nigerian National Petroleum Corporation (NNPC) received a boost Thursday with the execution of the…
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The Nigerian National Petroleum Corporation (NNPC) has increased the daily supply of Premium Motor Spirit (petrol) across the country from 550 trucks…
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Oil prices on Wednesday fell for a second day to their lowest in a week on asurprise build in U.S. crude inventories…
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Minister of State, Petroleum, Chief Timipre Sylva has sued for sustainable peace in the Niger Delta, saying the quest to have multinational…
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Nigeria has sweetened the terms of a sweeping oil reform bill in a bid to attract much-needed investment to its oil industry,…
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The French President, Emmanuel Macron, has commended the Chairman of BUA Group, Abdul Samad Rabiu for his commitment to developing lasting relationships…
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Oil and Gas
NNPC records 37.21% drop in oil pipeline vandalism in January, increases gas supply for power generation
The Nigerian National Petroleum Corporation (NNPC) has said that there was a 37.21 % decrease in cases of pipeline vandalism across the…
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Oil and Gas
Oil rises 1% after robust China data but J&J vaccine pause weighs as OPEC raises demand forecast
Oil prices rose about 1% on Tuesday on strong Chinese import data, but the rally was capped by concerns that pauses on…
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Host Communities Producing Oil and Gas HOSTCOM have again kicked against the 2.5 percent equity shareholding recommended for oil impacted communities in…
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Saudi oil giant Aramco on Friday entered into a $12.4 billion deal with a consortium of investors led by EIG Global Energy…
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Department of Petroleum Resources has said that it will soon phase out petrol tankers operating in the down stream sector of the…