The changes in the global energy landscape has made it imperative for the oil and gas industry to adapt accordingly in order…
Category:
Oil and Gas
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The Managing Director, Total Exploration and Production Limited, Mr Mike Sangster, says the company targets to achieve a net zero carbon emission…
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NewsOil and Gas
NNPC Posts Crude Oil & Gas Export Receipts of $378.42m in June, records $4.60bn export sale in one Year
The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export receipt of $378.42million in June 2020 as…
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Timipre Sylva, Minister of State for Petroleum Resources, said the Federal Government had approved the establishment of Nigeria National Petroleum Corporation (NNPC),…
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Oil prices fell on Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged as…
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OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, will on Wednesday meet to review compliance with oil cuts…
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NewsOil and Gas
NNPC becomes EITI partner company, says new status to deepen commitment to accountability, transparency
The Nigerian National Petroleum Corporation (NNPC) has become an Extractive Industries Transparency Initiative (EITI) partner company, joining a group of over 65…
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Oil prices advanced on Friday and were heading for the second week of gains amid growing confidence that demand for fuel is…
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Ascon Oil Company Ltd has denied a claim by Stanbic IBTC Bank PLC that it retook possession of its petrol station at…
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World oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and there are doubts about next…
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The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to working with relevant partners and stakeholders in the 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)…