Group Managing Director, Nigerian National Petroleum Corporation (NNPC), has said that the lack of proactive measure by the federal government was responsible…
Category:
Oil and Gas
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Stocks across Asia advanced on Monday as China’s efforts to stop sharp declines in its currency and capital flight supported wider sentiment…
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Asian spot liquefied natural gas (LNG) prices rose for a second consecutive week as sizzling high temperatures continued to grip Japan, the…
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Oil prices have decreased after OPEC production was raised. September Brent crude futures fell by seven cents to reach 74.90 dollars a…
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Crude oil price was near $70 a barrel as supply risks from Saudi Arabia to the U.K. threaten to strain global markets.…
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NewsOil and Gas
Shell to make final investment decision on Bonga Southwest offshore in 2019 -official
Royal Dutch Shell and its partners will decide next year on whether to go ahead with the development of Nigeria’s Bonga Southwest…
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NewsOil and Gas
Nigeria crude oil export rose by 50,000bpd as OPEC oil output hits 2018 peak – Survey
Nigeria, crude oil supply to the international market by 50,000 barrel per day in July. According to Reuters crude oil market survey…
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Higher oil prices drove increased profits for US oil giant ExxonMobil, but the earnings report Friday missed analyst expectations due to natural…
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FinanceNewsOil and Gas
13 % derivation to be looked into for oil producing states as Isoko cries out
President Muhammadu Buhari said in Abuja that his administration will look into the constitutional 13 per cent derivation benefit to the Niger…
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The management of Nigeria National Petroleum Corporation (NNPC) has reiterated its commitment to establish biofuel plants across the country as call intensifies…
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Total has said it spent over $10 billion to empower Nigerian youths in entrepreneurial development in the last five years. The company equally…
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The private sector-driven Niger Republic facilitated approved petroleum refinery in Mashi in Kastina state would cost $2 billion. The planned refinery would…
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The Lagos headquarters of ExxonMobil has been shut down by the company’s workers’ unions over the sacking of 860 spy police without…
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The Nigerian National Petroleum Corporation (NNPC) has commenced a community integration and stakeholders’ engagement to sensitise people in Cross River ahead the…
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A joint venture including Italian oil services group Saipem, Japan’s Chiyoda Corp and Korea’s Daewoo E&C has been awarded a new contract…