A restructuring exercise has claimed at least 200 officials of the NNPC as chief executive Bayo Ojulari launches his first broad action…
Category:
Oil and Gas
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Oil prices rose more than $1 per barrel on Tuesday as new U.S. sanctions against Iran and rising equity markets helped spark…
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The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Bashir Ojulari, has pledged to attract a staggering…
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Oil and Gas
House C’tee on Petroleum Resources to amend PIA to increase oil companies’ contributions to Host Community to 10%
House of Representatives Committee on Petroleum Resources, Upstream, has said it would quickly amend the Petroleum Industry Act, PIA, to increase oil…
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The international benchmark, Brent crude, increased by around 0.57%, trading at $64.92 per barrel, up from $64.55 at the previous session’s close.…
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Federal Government of Nigeria plans to establish a national strategic petroleum products stockpile this year to safeguard its economy against disruptions in…
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Crude oil prices increased in the global commodity market on Monday as traders weighed mixed signals about U.S. tariff implementations while data…
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The Nigerian Army says it uncovered 11 new bunkering facilities during a six-day operation in Akwa Ibom, Bayelsa, Delta and Rivers. Danjuma…
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The police command in Oyo State has arrested three suspects allegedly linked to the hijacking of a DAF truck loaded with 45,000…
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Dangote Refinery has reduced its price of petrol to N865 per litre, a drop by N15 per litre from the old price.…
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Germany is eyeing expanded investments in Africa’s energy sector, having pledged €4 billion for green energy projects by 2030 and advancing hydrogen…
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Oil prices ticked higher on Tuesday but remained near four-year lows as recession fears exacerbated by trade conflict between the United States…
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Oil prices eased about 1% to a near four-year low on Monday on worries U.S. President Donald Trump’s latest round of trade…
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Oil and Gas
MOSOP rejects oil resumption talks by NSA office, demands 20% royalty for Ogoni development
Movement for the survival of Ogoni people, MOSOP, has called on the federal government to set aside a minimum of 20percent profit…
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Oil and Gas
Security operatives arrest 43 oil thieves, confiscate 254,000ltrs of stolen petroleum products
Troops of Nigeria Army and other sister agencies have crackdown on oil thieves, arresting 43 suspects and confiscating 254,000 liters of stolen…