ConocoPhillips said it expects proceeds of nearly $9 billion from the sale of its interests in Kazakhstan, Algeria and Nigeria. Conoco’s plan…
Oil and Gas
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The Vice President Namadi Sambo will on behalf of the federal government officially hand over the physical assets of the 14 PHCN…
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OPEC oil output has fallen in September to the lowest in almost two years because of work at Iraq’s main export outlet,…
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Nigeria has signed a deal for Chinese state companies to build a $1.3 billion power plant, the federal government said on Sunday…
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The Central Bank of Nigeria (CBN) says it has disbursed over N109 billion to 20 companies in support of the ongoing power…
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The Federal Government has earmarked $8 billion dollars for the execution of the Nigerian Gas Master Plan with specific interest in meeting…
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The Federal Government has said it has paid a total of N287.352 billion to oil marketers since the beginning of the year…
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The Nigerian National Petroleum Corporation (NNPC) said on Monday that the Federal Government gas revolution agenda was intact. The corporation said that decision…
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The Minister of Power, Prof. Chinedu Nebo, said on Monday in Abuja that the country had lost about 35 per cent of…
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FinanceNewsOil and Gas
Nigeria losses $11 billion to crude oil theft, pipeline vandalism —- NEITI report
The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday in Abuja said Nigeria lost over 11 billion dollars to crude oil theft and…
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The Department of Petroleum Resources (DPR) says Nigeria is losing over 4.9 million dollars (more than N735 million) daily to gas flaring.…
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The Nigeria National Petroleum Corporation has borrowed $1.4 billion to pay debts it owed to companies it bought petroleum products from. The…
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In a bid to protect the nation’s environment, the Ministry of Environment has commenced moves to make oil spillage a criminal offence,…
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African Independent oil and gas company Taleveras has signed a Farm-Out Agreement with a subsidiary of LUKOIL, Russia’s largest private oil company,…
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The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a…