Oil and Gas

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says the corporation saved more than three billion dollars from…

A principal witness, CSP Umar Babangida,  has alleged that Grace Taiga, a former director, Legal Services in the Ministry of Petroleum Resources, …

The Federal Government says it will support the 650,000 barrels per day capacity Dangote Refinery and Petrochemicals Plant with crude oil feed…

By Omoh Gabriel President Buhari assenting to Bill amending Deep Offshore (and Inland Basin Production Sharing Contract) Act, assisted by Chief of…

(Reuters) – Oil trader Vitol has quit a consortium that was set to buy a stake in two Nigerian oil fields from…

By Omoh Gabriel World Bank Group has projected crude oil prices to average $60 per barrel in 2019 and weaken to $58…

(Reuters) – Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add…

The Programme Manager, National LPG Expansion Plan, Mr Dayo Adeshina said the Federal Government was targeting the consumption of five million tons…

(Reuters) – Chevron is seeking to sell several Nigerian oilfields as part of a global drive to reshape its portfolio as it…

Federal Government is making moves to recover $62 billion from oil companies under regulations that allow the government to revisit revenue-sharing deals…

The Nigeria Extractive Industries Transparency Initiative (NEITI), says metering infrastructure of the oil and gas sector is the only way to ensure…

Nigerian crude exports is said to be facing a difficult demand picture as delays and freight costs weigh on crude exports. According…

Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its…

Managing Director Nigeria National Petroleum Corporation, Mr. Mele Kolo Kyari has promised that  Nigeria will cut its crude oil output to comply…