Tony Elumelu Heirs Holding, said it has acquired a 45% participating interest in Nigerian oil licence OML 17 and related assets, through…
Category:
Oil and Gas
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Buoyed up by the culture of Transparency, Accountability and Performance Excellence (TAPE) of the current NNPC management, no fewer than (96) prominent…
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The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the…
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Stakeholders in the oil industry need to find and agree on cheaper means of producing oil while also ensuring a more competitive…
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A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms…
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Indications are that the Nigerian National Petroleum Corporation is seeking to raise the sum of $1 billion to finance its moribund Port…
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PriceWaterhouseCoopers (PwC) has in a study said that Covid-19 will cost Nigeria and other African oil-producing countries an estimated $1 trillion in…
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NewsOil and Gas
LCCI urges NASS to give Nigeria a to promote effective and efficient governance of petroleum industry
Lagos Chamber of Commerce and Industry has urged the National Assembly to put in place a law that will promote a more…
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FinanceNewsOil and Gas
FG lost N1.2 trn to SINOPEC-ADDAX 2000/2001 fiscal incentive breach—Senator Bassey
There are indications that the Federal government of Nigeria have lost over N1.2 trillion in oil revenue following the alleged breach of…
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NewsOil and Gas
NNPC set to deepen compliance with EITI standards, appoints EITI implementation programme manager
In keeping with its resolve to deepen its compliance with the transparency standards dictated by the Extractive Industries Transparency Initiative (EITI) as…
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Alhaji Rabiu Bello has said that at a pump price of ₦167 per litre, Nigerians are currently overpaying for fuel, Bello, a…
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Akwa Ibom state born Mr Effiong Okon Akwa has been appointed by President Muhammadu Buhari an interim administrator to oversee the affairs…
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Malcolm Brinded, an ex- Upstream Chief of Shell Petroleum, has told international prosecutors that the sum of $1.3 billion paid by Shell…
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Oil futures headed sharply higher Thursday, with the global Brent crude benchmark above $50 for the first time in nine months, on…
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The Nigerian National petroleum Corporation (NNPC) has expressed its readiness to support indigenous fleet owners to enjoy greater patronage and participation in…