Oil prices ended 3% higher on Friday at fresh seven-year highs as escalating fears of an invasion of Ukraine by Russia, a…
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Oil and Gas
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NewsOil and Gas
NNPC name Mrs, Emadeb, Oando, Duke oil, as importers of adulterated fuel, promises remedial action on defaulting importer
The Nigerian National Petroleum Company (NNPC) Limited has named Mrs, Emadeb, Oando and duke oil as importers of adulterated fuel into the…
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An indigenous firm an oil service company Kenyon International West Africa Limited says it deployed 100 per cent local manpower and expertise…
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The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29million receipt from crude oil and gas export in August 2021…
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Nigerian Midstream, Downstream petroleum regulatory authority has admitted the presence of toxic fuel in some petrol depot and filling stations in Nigeria.…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it is discussing with the Nigerian National Petroleum Corporation Ltd (NNPC) and stakeholders…
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Local Contractors have besieged the Niger Delta Development Commission NDDC office in Rivers State demand for payment of their outstanding debt being…
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Brent crude drops by 42 cents, or 0.5%, at $92.85, having earlier touched its highest since October 2014 at $94. U.S. West…
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Civil Society Groups for Good Governance (CSGGG) have warned the federal government that removing subsidy without fixing local refineries will spell doom…
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NewsOil and Gas
TotalEnergies, China National Offshore Oil Corporation to invest $10bn in Lake Albert oil Development in Uganda
TotalEnergies and China National Offshore Oil Corporation have said they have reached final investment decision (FID) for the Lake Albert Development project…
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The Organisation of the Petroleum Exporting Countries (OPEC) has reconfirmed its decision to adjust upward its monthly overall production by 400,000 barrel…
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Oil prices extended gains to their highest levels in over seven years on Friday as ongoing global political turmoil fanned concerns over…
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The task force set up in Rivers State said it has dismantled 27 illegal refineries operating in the state. The task force…
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Brent crude oil price hits the $90 a barrel mark for the first time in seven years, supported by tight supply and…
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EconomyNewsOil and Gas
Governors kick over fuel subsidy, only 8 States are benefitting, alleges fraud in Consumption, distribution Figures
State Governors under the aegis of the Nigeria Governors Forum, NGF have kicked against the proposed fuel subsidy removal, saying that it…