Federal Government has embarked on industry-wide cost-containment measures to strengthen the oil and gas sector in order to cushion the effect of…
Oil and Gas
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Stakeholders in the oil and gas sector have called for proactive fiscal policy in the petroleum industry to fast track investment and…
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Italian prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former executives, including…
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Crude oil prices fell on Wednesday as industry data showed a bigger than expected rise in U.S. inventories and as tensions escalated…
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EconomyFinanceOil and Gas
NDDC Ag MD collapses during investigation of N40bn probe, C’ttee Chairman steps down
It was a melodrama at the House of Representative sub Committee probe of Niger Delta Development Commission NDDC as Prof. Kemebradikumo Pondei,…
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The Civil Society Advocacy Group for Accountability and Probity has slammed the Rivers State Governor, Nyesom Wike for obstructing Thursday’s move by…
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The Organisation of Petroleum Exporting Countries (OPEC) and its allies called OPEC+ has requested the Joint Technical Committee (JTC) to closely monitor…
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The acting Managing Director of the Niger Delta Development Company (NDDC) Prof. Kemebradikumo Pondei and his team on Thursday, walked out on…
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NewsOil and Gas
NNPC gives conditions for relocation of tank farms, petroleum products depots from Ijegun Egba, Kirikiri
By Omoh Gabriel The Nigerian National Petroleum Corporation (NNPC) has advised against a swift relocation of tank farms from their current locations…
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The Nigerian National Petroleum Corporation (NNPC) has fired 850 workers, many of them from refineries, amidst the coronavirus pandemic, an oil union…
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The International Energy Agency (IEA) raised its 2020 oil demand forecast but warned that the spread of COVID-19 posed a risk to…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged the newly reconstituted Board of the…
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The Nigerian National Petroleum Corporation (NNPC) in Abuja said there was an increase of 19.14 per cent in the average daily natural…
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Oil prices drifted lower on Thursday as concerns about renewed COVID-19 lockdowns in the United States outweighed signs of a recovery in…
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The Nigerian National Petroleum Corporation (NNPC) has reported seven fatalities in an explosion incident which occurred at Gbetiokun, Oil Mining Lease (OML…