Oil and Gas

Trading on Nigeria crude oil was relatively slow as a pending tender from Indian Oil Corp. kept Nigerian barrels tied up, while…

Nigeria’s deepwater oil field, the Bonga, has been shut down, resulting in Shell and the nation a huge losing revenue estimated at…

THE National Petroleum Investment Management Services, NAPTIMS, a subsidiary of Nigerian National Petroleum Corporation, NNPC, told the Senate that in 2016, it…

Economic and Financial Crime Commission EFCC, has filed fresh corruption charges against Royal Dutch Shell PLC, Eni SpA and others regarding the…

Nigeria National Petroleum Corporation has said that it cost N136 to refine one litre of petrol in Nigeria. Speaking at the ongoing oil…

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…

The Department of Petroleum Resources, has threatened to mete out sever sanctions against petroleum products marketers engaged in the profiteering by hoarding,…

ExxonMobil Nigeria has laid off additional 89 workers in a gale of retrenchments that started in the company last year. NAN said…

The Nigerian National Petroleum Corporation said  it did not remit N23.4 billion Nigerian Export Supervision Scheme (NESS) levy, chargeable on crude oil…

The Nigerian Content Development and Monitoring Board, NCDMB said it is set to begin the enforcement of the Nigerian Content Act in…

Italian prosecutors have asked for the CEO of oil and gas group Eni Claudio Descalzi to be sent to trial over alleged…

Nigeria has said it  would set aside $50 billion to fund and stimulate investment in biofuels production in Nigeria. Governor of the…