Oil and Gas

The Department of Petroleum Resources (DPR), says plans are ongoing to grant Niger Delta Petroleum Resources Ltd. (NDPR) licence to operate its…

By Justina Gabriel with Agency report Oil prices climbed after a rocket attack on Baghdad triggered fresh concern over the potential for…

OPEC oil output fell in December as Nigeria and Iraq adhered more closely to pledged reductions and top exporter Saudi Arabia made…

A group known as Partner For Petroleum & Energy Sector Prosperity Initiative (P-PESPI) has called on President Buhari to urgently escalate his…

The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of ₦13.23billion in October 2019. This represented an increase of 54 per…

Oil prices rose more than 20 per cent this year but there were no sharp spikes and crude futures barely sniffed $70…

Brent crude oil rose by 28 cents, or 0.4 per cent, at $67.48 a barrel in the future market just as West…

Nigerian National Petroleum Corporation NNPC, has said it will increase its stake in a Chevron-operated gas-to-liquid refinery to 60 per cent as…

The Federal High Court, Abuja has ordered the transfer of Soku oil field from Bayelsa to its rightful owner, Rivers. Justice Inyang…

Vitol, an oil and gas trader agreed to buy Nigeria liquified gas in the next ten years. This at current market price,…

The Nigerian National Petroleum Corporation (NNPC), says it is taking measures to address the menace of pipeline vandalism and crude oil theft…

Waltersmith modular refinery, a 5,000 barrels per day production capacity facility being promoted by Nigerian Content Development and Monitoring Board (NCDMB), will…

The Nigerian Liquefied Natural Gas( NLNG) says it is 97 per cent ready to take Final Investment Decision (FID) on its capacity…

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDM), Mr Simbi Wabote, says the 650,000 barrels per day Dangote Refinery project is an…