Nigerian Upstream Regulatory Commission, NUPRC, has said that indigenous companies must demonstrate technical capacity, financial strength to tap into the opportunities offered…
Category:
Oil and Gas
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NewsOil and Gas
Rivers HOSTCOMS accuse pipeline surveillance contractor of complacency as oil theft rises higher
Some communities hosting Oil Mining Lease, OML 11, in Rivers and Abia states have decried upsurge in illegal oil bunkering activities in…
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NewsOil and Gas
Delta oil rich community threatens to shutdown Chevron’s Utonana oilfield over PIA board
Oil rich Kokodiagbene community, Warri south West local government area, Delta state has threatened to shutdown Chevron’s Utonana oil field if the…
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NewsOil and Gas
FBI takes top NNPC official to court for taking $2.1m bribes to help Addax Petroleum escape $2.4bn liability to Nigeria
A senior Nigerian National Petroleum Corporation official has been slammed with bribery and tax-related charges in the United States. A jury recently returned…
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Oil prices slipped a little on Monday amid speculation that stronger than expected inflation could delay cuts to high interest rates that…
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NewsOil and Gas
We’ve not stopped NNPCL tax credit scheme for funding critical infrastructure – FG clarifies
The Federal Government has said that it has not stopped the NNPCL’s tax credit scheme that is used for funding critical infrastructural…
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NewsOil and Gas
Oil Dips as demand outlook remains uncertain, Nigeria fuel tanker union begins strike
Oil prices fell on Tuesday, with an uncertain outlook for global demand knocking value off crude futures contracts, despite some risk premium…
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The Central Bank of Nigeria (CBN) has stopped international oil companies (IOCs) operating in Nigeria from immediately remitting 100% of their forex…
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Shell says it is working to extend the life of the Bonga Floating, Production, Storage, Offloading (FPSO) vessel for another 15 years…
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Renewable energy investments in Africa are being hobbled by insufficient government loan guarantees, as the International Monetary Fund keeps a tight leash…
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Nigeria’s oil output has risen month-on-month, MoM to 1.43 million barrels per day, bpd in January 2024, from 1.34 million bpd recorded…
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A gas pipeline operated by the Nigeria Agip Oil has been reportedly hit by an explosion at Obagi Community, Ogba/Egbema/Ndoni Local Government…
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Oil rose on Friday and heading for a weekly gain, as Middle East tensions and oil output disruptions caused by cold weather…
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NewsOil and Gas
3m litres crude oil reservoir used by oil thieves used for illegal bunkering found in Rivers
The 6 Division, Nigerian Army said it has uncovered a 3 million litres of crude reservoirs used by oil thieves in Rivers…
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Nigerian Upstream Petroleum Regulatory Commission, NUPRC said it has concluded plans to sell 12 deep offshore oil blocks in 2024 as part…