Nigeria National Petroleum Corporation has said that it cost N136 to refine one litre of petrol in Nigeria. Speaking at the ongoing oil…
Oil and Gas
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Nigeria’s oil production has risen to 2.1 million barrels a day, the managing director of NNPC said. Maikanti Baru NNPC’s group Managing Director…
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The Department of Petroleum Resources, has threatened to mete out sever sanctions against petroleum products marketers engaged in the profiteering by hoarding,…
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ExxonMobil Nigeria has laid off additional 89 workers in a gale of retrenchments that started in the company last year. NAN said…
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The Nigerian National Petroleum Corporation said it did not remit N23.4 billion Nigerian Export Supervision Scheme (NESS) levy, chargeable on crude oil…
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Nigeria’s crude oil export will rise by 8,350 barrels of oil per day (bopd) as Green Energy International Limited, GEIL, said it…
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The Nigerian Content Development and Monitoring Board, NCDMB said it is set to begin the enforcement of the Nigerian Content Act in…
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The Nigerian National Petroleum Corporation, NNPC, has said that its subsidiary, Kaduna Refining and Petrochemical Company, KRPC, is losing an average of N2.2 billion…
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Italian prosecutors have asked for the CEO of oil and gas group Eni Claudio Descalzi to be sent to trial over alleged…
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Nigeria has said it would set aside $50 billion to fund and stimulate investment in biofuels production in Nigeria. Governor of the…
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NIGERIA Agip Oil company, NAOC has ignored Nigeria legislators, that is the joint committee of the Senate and House of Representatives of…
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BusinessEconomyNewsOil and Gas
Mrs, Aiteo and 122 others show interest in offshore sale of Nigeria crude
Sahara Energy, Glencore, Gunvpr, Aiteo, MRS, Trafigura and 122 other companies, have expressed their willingness to serve as off-takers for 800,000 barrels…
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Omni Helicopters International S.A. (“OHI”), parent of Brazil’s leading offshore aviation specialist Omni Taxi Aéreo S.A. (“OTA”), and Omni Blu Aviation Ltd.…
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The U.S. Commercial Service Nigeria held a Single Company Promotion event in Lagos on January 26, 2017, to launch a new training…
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Economic and Financial Crimes Commission, EFCC, has secured a court order mandating the return of the controversial OPL 245 to the Nigerian…