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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Oil and Gas
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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…
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The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary,…
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BusinessEconomyNewsOil and Gas
Petrol: Motorists, commuters groan as marketers implement new pump price in Lagos
Motorist and commuters in Lagos have decried the increment in pump price of Premium Motor Spirit (PMS), following the new ex-depot price…
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The pump price of petrol has been increased to N151.56 per litre with effect from September 2, 2020. This was disclosed in…
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The Department of Petroleum Resources (DPR) has generated a total sum of N673.7 billion in the first half of this year. Its…
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NewsOil and Gas
Nigeria aims to be net exporter of petrol over next two-years as BUA picks Axens for refinery project
Nigeria aims to become a net exporter of petrol and other petroleum products over the next two years as oil refinery projects…