Oil and Gas

The Petroleum Industry Bill (PIB) generated strong debates in the Senate in Abuja on Monday with majority of the Northern senators demanding…

Nigeria Liquefied Natural Gas Company (NLNG) has appointed France’s BNP Paribas and GT Bank to help raise around $1.6 billion for six…

The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, on Tuesday said government would reduce gas flaring from 11 per cent to two…

The Pipelines and Product Marketing Company (PPMC) has called on the international community to criminalise the buying of stolen Nigerian crude and…

The Transmission Company of Nigeria (TCN) says that power generation improved to almost 4, 500 mega watts from 4, 286 mega watts…

The United States Alumni Engagement Innovation Team has said that 1.89 million barrels of oil spilled in the Niger Delta between 1976…

A Lagos High Court in Igbosere hearing an oil subsidy fraud case against Abubakar Peters on Tuesday ordered his continued remand in…

Mobil Producing Nigeria (MPN) says it has lifted the ‘Force Majeure’ it declared on its Qua Iboe crude oil streams, following an…

Nigeria still hopes to have an oil licensing round for marginal fields before the end of this year, the oil minister told…

Minister of Petroleum Resources Mrs Diezani Alison-Madueke, in Abuja described the fiscal terms proposed in the Petroleum Industry Bill (PIB) as fair.…

Nigeria’s Excess Crude Account (ECA) has risen to some $9 billion in oil savings, Finance Minister Ngozi Okonjo-Iweala disclosed this while addressing…

Trading on the Nigerian Stock Exchange (NSE) closed on positive note on Tuesday with the market capitalisation appreciating by N29 billion to…