The non-operating Joint Venture (JV) partners of Oil Mining Lease (OML) 18 have appointed the NNPC Eighteen Operating Limited as operator of…
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Oil and Gas
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NewsOil and Gas
CERAWEEK Exxon seeks to unblock stalled sale in ‘challenging’ Nigeria – top executive
Exxon Mobil Corp hopes to get Nigerian government approval to allow the stalled sale of its shallow water oil production operations in…
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The Nigerian National Petroleum Company Limited has advised Nigerians against panic buying of petrol as it has adequate supply for now. It…
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An explosion on a Nigerian oil pipeline owned by Shell killed at least 12 people, authorities at the scene said, while members…
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Oil prices rose by about 1% on Friday, recovering from an earlier slump after Reuters reported that the United Arab Emirates is…
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Oil were largely unchanged on Wednesday as signs of ample supply, including growing U.S. crude inventories, countered hopes for higher demand arising…
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The Edo State Governor, Mr. Godwin Obaseki has said that the Edo Refinery in Ologbo, Ikpoba Okha Local Government Area of the…
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Crude oil prices fell by $2 per barrel on Wednesday as investors grew more worried that recent economic data will encourage more…
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Tackling crude oil theft and sabotage remains a major concern of the Federal Government and those in charge must be accountable because,…
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NewsOil and Gas
Oloibiri Museum Project: President Buhari tasks contractors, Host Communities on delivery
President Muhammadu Buhari has urged the major contractors handling the Oloibiri Museum and Research Centre as well as the Local Content Conference…
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Oil prices edged higher on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia’s plans to…
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The Nigeria National Petroleum Company Limited (NNPC Ltd) will begin drilling of the first oil well in Obi/Keana Nasarawa State on March…
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OPEC has raised its 2023 oil demand forecast by 100,000 barrels per day amid expectations of an economic rebound in China, the…
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Oil prices slipped on Monday as investors focused on short-term demand concerns ahead of U.S. inflation data. Brent futures for April delivery…
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NewsOil and Gas
NDDC moves to tackle funding challenges, warns contractors against paying commission to middlemen
Niger Delta Development Commission, NDDC, has disclosed that it has started moves to resolved the funding challenges that led to the non-payment…