Spot trade was limited as buyers expected falling differentials and sellers awaited the results of the latest tender from India’s IOC and…
Category:
Oil and Gas
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Former President Olusegun Obasanjo indeed approved the controversial Malabu OPL 245 oil block deal. TheCable reports that it has seen documents which…
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The Chairman of Brass Liquefied Natural Gas, LNG, Mr. Jackson Gaius-Obaseki and other experts in the petroleum industry have blamed the Federal…
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Crude oil merchants are seeking higher discount on the various grades of Nigeria crude. Some are asking as much as $1.2 per…
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Trading on Nigeria crude oil was relatively slow as a pending tender from Indian Oil Corp. kept Nigerian barrels tied up, while…
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Nigeria’s deepwater oil field, the Bonga, has been shut down, resulting in Shell and the nation a huge losing revenue estimated at…
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THE National Petroleum Investment Management Services, NAPTIMS, a subsidiary of Nigerian National Petroleum Corporation, NNPC, told the Senate that in 2016, it…
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Economic and Financial Crime Commission EFCC, has filed fresh corruption charges against Royal Dutch Shell PLC, Eni SpA and others regarding the…
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Nigeria National Petroleum Corporation has said that it cost N136 to refine one litre of petrol in Nigeria. Speaking at the ongoing oil…
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Nigeria’s oil production has risen to 2.1 million barrels a day, the managing director of NNPC said. Maikanti Baru NNPC’s group Managing Director…
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The Department of Petroleum Resources, has threatened to mete out sever sanctions against petroleum products marketers engaged in the profiteering by hoarding,…
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ExxonMobil Nigeria has laid off additional 89 workers in a gale of retrenchments that started in the company last year. NAN said…
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The Nigerian National Petroleum Corporation said it did not remit N23.4 billion Nigerian Export Supervision Scheme (NESS) levy, chargeable on crude oil…
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Nigeria’s crude oil export will rise by 8,350 barrels of oil per day (bopd) as Green Energy International Limited, GEIL, said it…
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The Nigerian Content Development and Monitoring Board, NCDMB said it is set to begin the enforcement of the Nigerian Content Act in…