Oil and Gas

ConocoPhillips said it expects proceeds of nearly $9 billion from the sale of its interests in Kazakhstan, Algeria and Nigeria. Conoco’s plan…

The Vice President Namadi Sambo will on behalf of the federal government officially hand over the physical assets of the 14 PHCN…

OPEC oil output has fallen in September to the lowest in almost two years because of work at Iraq’s main export outlet,…

Nigeria has signed a deal for Chinese state companies to build a $1.3 billion power plant, the federal government said on Sunday…

The Federal Government has earmarked $8 billion dollars for the execution of the Nigerian Gas Master Plan with specific interest in meeting…

The Federal Government has said it has paid a total of N287.352 billion to oil marketers since the beginning of the year…

The Nigerian National Petroleum Corporation (NNPC) said on Monday that the Federal Government gas revolution agenda was intact. The corporation said that decision…

The Minister of Power, Prof. Chinedu Nebo, said on Monday in Abuja that the country had lost about 35 per cent of…

The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday in Abuja said Nigeria lost over 11 billion dollars to crude oil theft and…

The Department of Petroleum Resources (DPR) says Nigeria is losing over 4.9 million dollars (more than N735 million) daily to gas flaring.…

The Nigeria National Petroleum Corporation has borrowed $1.4 billion to pay debts it owed to companies it bought petroleum products from. The…

In a bid to protect the nation’s environment, the Ministry of Environment has commenced moves to make oil spillage a criminal offence,…

African Independent oil and gas company Taleveras has signed a Farm-Out Agreement with a subsidiary of LUKOIL, Russia’s largest private oil company,…

The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a…