The Federal Government’s aspiration to boost domestic utilisation of gas in Nigeria will receive a boost tomorrow as President Muhammadu Buhari performs…
Category:
Oil and Gas
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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…
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The Nigeria Extractive Industries Transparency Initiative (NEITI) has described as laudable, the decision of the Nigeria National Petroleum Corporation (NNPC) to make…
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Sen. Bassey Akpan, Chairman, Senate Committee on Petroleum Upstream, says the published Audited Financial Statement of the Nigerian National Petroleum Corporation (NNPC)…
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EconomyNewsOil and Gas
Petroleum Industry Intervention on COVID-19 earmarks 53% funding to construction of medical infrastructure
Of the N21billion ($58million) pledged in kind as medical intervention by the Nigeria Oil and Gas Industry to combat COVID-19 and improve…
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NewsOil and Gas
NNPC tells partners, suppliers to bring down costs to 40% as DPR extended deadline marginal oilfield bid round
NNPC says it has directed all its partners and suppliers to bring down their cost to between 30 and 40 per cent…
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Minister of State for Petroleum Resources, Chief Timipre Sylva has tasked new Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB)…
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Oil fell about 3 per cent after Saudi Arabia said an extension of output cuts by OPEC+ nations would not include additional…
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NewsOil and Gas
OPEC, Russia extend record oil cuts to end of July, Nigeria agrees to cut production
OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that…