The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to working with relevant partners and stakeholders in the Oil and Gas…
Category:
Oil and Gas
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FinanceNewsOil and Gas
Stanbic IBTC, Ascon oil tussle over sale of N2.5bn Petrol station, Court voids sale
Ascon Oil Company Ltd has recovered its fuel retail station at Block 36, Admiralty Way, Lekki Phase 1, Lagos purportedly sold by Stanbic IBTC Bank. It was gathered that the prime property with…
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Petroleum Tanker Drivers in Lagos State have withdrawn their services as directed by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG)…
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NewsOil and Gas
NNPC signs pact with partners to resolve OML 130 dispute, resolution will unlock $510m gas revenue: update
In its bid to meet the target of revving up production to 3million barrels per day and unlock gas revenues to the…
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The Nigerian National Petroleum Corporation (NNPC), said it has signed a Head of terms (HoT) agreement with China National Offshore Oil Corporation(CNOOC)…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell petrol at the old rate of N143 per…
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The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil…
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The Edo Modular and Refinery Company Limited and AIPCC Energy are on the verge of completing the 5500bpd Edo Modular Refinery. The…
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OPEC oil output has risen by over 1 million barrels per day (bpd) in July as Saudi Arabia and other Gulf members…
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Federal Government has embarked on industry-wide cost-containment measures to strengthen the oil and gas sector in order to cushion the effect of…
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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…