Oil and Gas

The Nigerian National Petroleum Corporation, NNPC, has said that Indonesia has shown interest in purchasing more crude oil from Nigeria. The NNPC…

Some investors and representatives communities in Niger Delta have condemned the Federal Government’s cancellation of Oil Prospecting Licences (OPL) 2001, 2002 and…

Members of the Organisation of the Petroleum Exporting Countries have agreed to extend production cuts for nine months, according to media reports,…

The Nigerian National Petroleum Corporation said it has approached some Chinese investors to partner in its Research and Development, R&D, venture. NNPC…

Nigerian National Petroleum Corporation NNPC, is in the final stage of signing $6 billion worth of deals to exchange more than 300,000…

Crude oil prices rose more than 2 per cent to its highest in more than three weeks. The price rose to $52…

The Nigerian Academy of Engineering and Arco Group have in Lagos expressed concern that Engineering Education and Profession are not being given the…

The Federal Government, in apparent contradiction of its earlier position made a u-turn on its modular refineries initiative, declaring that it would…

Oil prices rose by about 3.5 per cent after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply…

Nigeria’s crude oil exports are set to slip to 1.52 million barrels per day (bpd) in June, according to loading programmes compiled by…

Oil prices edged lower Wednesday after U.S. government data showed a smaller-than-expected decline in domestic crude inventories and weak demand for gasoline,…

The Federal Government restated that it is not going back on its plans for illegal crude oil refiners in the Niger Delta,…

Nigerian Petroleum Development Company, NPDC, has no capacity to manage Nigeria’s oil assets the Nigeria Extractive Industries Transparency Initiative, NEIT has said.…