The Nigerian Content Development and Monitoring Board (NCDMB) has signed an equity investment agreement with Duport Midstream Company for the establishment of…
Category:
Oil and Gas
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The Nigerian National Petroleum Corporation (NNPC) has called on members of the public to discountenance reports of a possible fire outbreak from…
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Dare devil pirates attacked Addax oil production vessel off Nigeria and kidnapped nine Nigerian nationals, its owner BW Offshore said. The floating…
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BusinessEconomyNewsOil and Gas
PPPRA announces a new petrol pump price of N140.80 for July as prices of crude oil rise
The Petroleum Products Pricing Regulatory Agency has announced a new price band of N140.80 to N143.80 per litre for Premium Motor Spirit,…
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South African petrochemicals giant Sasol has said it would sell its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to…
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NewsOil and Gas
Buhari pledges speedy completion of $2.5bn AKK Gas Pipeline; will inject 2.2bscf gas to domestic market – Kyari
President Muhammadu Buhari has given his commitment to ensure timely delivery of the landmark Ajakuota-Kaduna-Kano (AKK) gas pipeline project just as Nigerian…
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Department of Petroleum Resources DPR, has changed the way marginal oilfields are allocated to avoid legal problems that bedevilled a previous bidding…
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The Federal Government’s aspiration to boost domestic utilisation of gas in Nigeria will receive a boost tomorrow as President Muhammadu Buhari performs…
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Oil prices slid for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading…
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The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is no longer fixing the pump price of Premium Motor Spirit (PMS) also…
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NewsOil and Gas
NNPC produces 218.37bn cubic feet of natural gas in March, records 47% decrease in pipeline vandalism
The Nigerian National Petroleum Corporation (NNPC) has said that 218.37billion Cubic Feet (BCF) of natural gas was produced in March 2020, translating…
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Britain’s supreme court will hear Nigerian farmers and fishermen appeal to pursue claims against oil major Shell over spills in the Niger…
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Oil prices rose on Friday but pulled back sharply from early highs on concerns that continued spread of the novel coronavirus could…
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The Egyptian Ministry of Petroleum and Mineral Resources said the country has found a new oil field in the shallow waters of…
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Oil demand is recovering from the greatest fall in its history in 2020, the International Energy Agency (IEA) said on Tuesday, but…