Brent crude futures rose $1.62, or 1.8%, to $93.98 a barrel, while U.S. West Texas Intermediate crude futures rose $1.22, or 1.4%,…
Category:
Oil and Gas
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Oil futures headed lower for a third month in a row in August, on track to tally their longest streak of monthly…
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NewsOil and Gas
We can not stop petrol importation now even if the four refineries are working at 90% capacity—NNPC
Group Managing Director NNPC Limited Mallam Kyari has said that Nigeria can not stop fuel importation now even if the four refineries…
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The Major Oil Marketers Association of Nigeria, MOMAN, has said that the federal government cannot afford to spend N6 trillion this year…
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Nigeria Security and Civil Defence Corps NSCDC says it is undertaking self probing of some of its units over continue rise in…
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Agip Oil Company a subsidiary of Agip operating in Nigeria, has said that it is committed to the welfare of its host…
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Oil prices rose on Wednesday in volatile trading on concerns that the United States will not consider additional concessions to Iran in…
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Oil prices jumped about $3 a barrel on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support prices…
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NewsOil and Gas
Crude oil theft: top industry, govt, security officials involved, one stolen oil tanker takes $300m revenue out of Nigeria–ex-NNPC boss
Former General Manager, Planning and Business Development, Nigeria National Petroleum Company, NNPC Engineer Babajide Soyode in an interview with Arise TV monitored…
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Nigeria’s President Muhammadu Buhari expressed concern on Friday over large-scale crude oil theft, saying it was affecting the country’s revenues “enormously”. Nigeria…
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Equatorial Guinea has detained an oil tanker capable of carrying 2 million barrels after it attempted to load in Nigeria without proper…
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Nigerian National Petroleum Company Limited (NNPC Ltd.) has at last launched anti ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline…
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Oil prices plunged around 2% on Friday, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while…
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NewsOil and Gas
NNPC renegotiated production sharing contracts to enhance revenue, inflow of direct foreign investment
Nigeria National Petroleum Corporation, NNPC, has said that it has executed fully termed agreements for the renegotiated PSCs on 12th August 2022.…
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NewsOil and Gas
Buhari consents to NUPRC over ruling him on Seplat takeover of Exxon Mobile shares, Seplat says no official communication
President Muhammadu Buhari has consented to the Nigerian Upstream Petroleum Regulatory Commission, NUPRC over ruling him and has thus reversed his earlier…