Nigeria crude that has been waiting for buyers in the high seas recorded some success as tender from Indian absorbed some of…
Category:
Oil and Gas
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Nigerian crude for August loading is proving slow to find buyers amid rising supply, Reuters quoting oil trading sources has reported. The…
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Nigerian National Petroleum Corporation, NNPC has accused Gencos of rejecting gas supply. Group Managing Director of the NNPC, Mr. Maikanti Baru, lamented…
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Nigerian National Petroleum Corporation, NNPC has signed a $700 million agreement with First Exploration & Production and Schlumberger for the development of…
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The Federal Government has approved a new national gas policy just as it has stated that the management of the country’s refineries…
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Nigerian Excess crude account has been described as one of the world’s most poorly governed fund according to a report by the…
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PT Intim Perkasa Nigeria Limited, a subsidiary of PT Intim Perkasa, Indonesia, has shown interest in building a 10,000-barrel per day modular…
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Nigerian National Petroleum Corporation, NNPC, said it has repaid its N450 billion indebtedness to the Federal Government. NNPC, in its April 2017 Monthly…
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Oil on Tuesday marked its lowest finish since August, with prices sinking into bear-market territory as investors remained concerned that rising output…
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The Federal Government got a total payment of 539.578 million Yuan, about $81.329 million, from a Chinese oil firm, the China National…
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Nigerian National Petroleum Corporation, NNPC has said that vandalisation of crude oil pipeline dipped by 12.77 per cent, from 94 incidences in…
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Oil prices has dropped to six-week lows, under pressure from high global inventories and doubts about OPEC’s ability to implement agreed production…
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Fuel subsidy appeared to have returned, as the Nigerian National Petroleum Corporation, NNPC, said it recorded ‘under recovery’ of N49.86 billion between…
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Minister of State for Petroleum resources, Mr. Ibe Kachikwu said that the Federal Government has neither sold nor concession the country’s refineries to any individual…
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Oil prices incurred losses having hit one-month lows earlier in the day after unexpected surge in U.S. inventories and the return of…