The Supreme Court in Abuja on Tuesday confirmed Akwa Ibom as the owner of the 76 offshore oil wells claimed by Cross…
Category:
Oil and Gas
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Nigerian light sweet continued to be under pressure with demand for July and August loading remaining slack while India, the biggest Asian…
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NewsOil and Gas
FG sets up fuel subsidy payments verification and reconciliation committee, with July 13 deadline
In a further move towards the fulfillment of his pledge to Nigerians that no person or organization guilty of fuel subsidy fraud…
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Reports from international oil market said that Sweet crude sold at a steady pace for August loading in the West African market,…
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EconomyNewsOil and Gas
Senate orders NNPC, CBN to close all Foreign Accounts of proceeds of crude oil
Nigeria National Petroleum Corporation (NNPC) has disassociated itself from ownership of a secret foreign account with American bank, J.P. Morgan. This development…
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Federal Government of Nigeria is set to give more bite to its local content pursuit by awarding nearly half of its $60…
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Shoreline Natural Resources Limited has acquired a 45 per cent stake in Oil Mining Lease, OML, 30 in a deal worth about…
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The findings of the Committee are as follows: The review of the Petroleum Support Fund (PSF) guidelines by the PPPRA ‘in 2010…
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President Goodluck Jonathan in continuation of shake up in his government has replaced the managing director of Nigerian National Petroleum Corp (NNPC)…
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Nigerian crude differentials remained under pressure from ample supply of light, sweet crude and unexceptional levels of demand, traders said on Tuesday.…
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More Nigerian loading programmes emerged for August today (Monday) and there was some buying interest for the new grades, traders said, although…
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Norway is to provide 850 million Norwegian crowns to fund clean energy projects in Ethiopia, Kenya and Liberia, finance that could unlock…
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Minister of State for Finance Yerima Ngama said that the Federal Government had spent N518 billion so far on fuel subsidy out…
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Nigeria has cleared fuel import subsidy payments that were held up while authorities verified they were for genuine deliveries, as part of…
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Nigerian oil differentials were reported to have held at six-week lows, with traders pointing to an overhang of nearly 30 million barrels…