The Director General of the Infrastructure Concession Regulatory Commission (ICRC), Engr. Chidi Izurah, has commended the leadership of the Nigerian National Petroleum…
Oil and Gas
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The Defence Headquarters says military has intensified its aggressive fight against crude oil theft, pipeline vandalism, bunkering, economic saboteurs and other criminal…
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Oil prices rose for a fourth day in a row on Friday, putting crude on track for a weekly gain of about…
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The Nigerian National Petroleum Corporation (NNPC) has recorded an increased trading surplus of ₦20.36billion in July 2020 compared to the ₦2.12billion surplus…
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Nigerian state oil company NNPC has extended for six months its contracts with private companies to swap crude oil for fuels, two…
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India’s oil imports from Africa jumped to their highest in 10 months in August as refiners switched out more expensive crude from…
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NewsOil and Gas
NNPC’s legal team bags Africa arbitration award, saves billions of dollars in liabilities for Nigeria
The Litigation Team of the Nigerian National Petroleum Corporation (NNPC) has won the Leading Case Counsel Team of the 2020 Africa Arbitration…
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The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from…
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Crude oil prices rose to higher levels following a tropical storm in the Gulf of Mexico which prompted drillers to evacuate rigs…
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Nigerian National Petroleum Corporation (NNPC)says it will soon begin activation of Compressed Natural Gas (CNG) refill stations for motorists across the country.…
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Nigeria is holding talks to give up majority stakes in all four of its moribund oil refineries, Mele Kyari, head of the…
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The Federal Government has explained its decision to fully remove subsidy from petrol, saying the country stands to rake in over ₦1…
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Nigeria asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $1.092 billion as an immediate advance…
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The Petroleum Products Pricing Regulatory Agency (PPPRA) has assured Nigerians that the deregulation of the downstream oil sector is in the best…
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BusinessNewsOil and Gas
UK court grants Nigeria’s request for more time to appeal in $10bn P&ID dispute
A court in London has granted Nigeria relief and more time to appeal in the infamous $10 billion P&ID arbitration case for…