Oil producers from the Organisation of the Petroleum Exporting Countries (OPEC) are unlikely to agree to change their current deal on curbing…
Category:
Oil and Gas
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The Minister of State for Petroleum Resources, Chief Timipre Sylva says Nigeria has meet the 100 per cent target agreement entered into…
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The Nigeria Extractive Industries Transparency Initiatives (NEITI), says Nigeria earned $21 billion from the oil and gas sector in 2017. NEITI said…
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The Federal Government says it will rehabilitate the Warri, Port Harcourt and Kaduna Refineries to achieve local production of 360,000 MTPA of…
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The Nigerian National Petroleum Corporation (NNPC), China Petroleum Pipeline Engineering Company Limited (CPPECL) and Brantex Consortium, have concluded plans for the commencement…
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NewsOil and Gas
NEITI to partner EFCC to fight corruption as NNPC plans to automate its downstream facilities
The Nigeria Extractive Industries Transparency Initiative (NEITI) says it will sign a Memorandum of Understanding (MoU) with the Economic and Financial Crimes…
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The Lagos State Emergency Management Agency (LASEMA) Response Team said it had taken measures to minimise the risk of explosion from a…
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OPEC’S share of India’s oil imports fell to 73 per cent in October, its lowest monthly share since at least 2011, tanker…
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Crude oil price rose after industry data showed a surprise drop in U.S. crude inventories, while comments from an OPEC official about…
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NewsOil and Gas
Nigeria oil output 1.6m to1.7m bpd, in line with OPEC cut, crude oil price falls as U.S.-China trade deal prospects dim
Nigeria is producing 1.6 million to 1.7 million barrels per day (bpd) of crude oil, the chief operating officer of the Nigerian…
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Lower prices and increasing competition for investment are driving many African states to make it easier and cheaper for overseas companies to…
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NewsOil and Gas
NLNG begins discharge of LPG to new terminal in Lagos as Senate set to drill management on train 7
The Nigeria Liquidified Natural Gas (NLNG) says it will begin to discharge cooking gas to the New Oil Jetty (NOJ) terminal in…
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Oman said that the Organisation of the Petroleum Exporting Countries (OPEC) and allied oil producers could extend a deal to limit crude…
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Marketers of Liquefied Petroleum Gas (LPG), under the aegis of Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), have raised alarm over…
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Total is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, industry and…