The leader of the House of Representatives Ad-Hoc Committee on NDDC Abandoned Projects in Edo State, Hon. Sergius Ogun, has expressed disappointment…
Category:
Oil and Gas
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OPEC oil output has fallen to an eight-year low in September after attacks on Saudi oil plants cut production, deepening the impact…
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EconomyNewsOil and Gas
Obaseki calls for probe of N20bn NDDC emergency fund, to sue commission’s contractors for sub-standard projects
The Edo State Governor, Mr. Godwin Obaseki, has called for a probe into the utilisation of the N20 billion emergency funds allegedly…
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The Nigerian National Petroleum Corporation (NNPC) has signed a 875.75 million dollar funding and technical services agreement and alternative financing deal for…
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Nigeria lost $1.35 billion to oil theft in the first six months of this year and needs a legal task force with…
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The Nigerian National Petroleum Corporation (NNPC) says it will begin full rehabilitation of the nations three refineries by January 2020. The nation’s…
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The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment towards harnessing Nigeria’s abundant resources for the benefit of Nigerians. It’s Group…
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The Nigerian National Petroleum Corporation (NNPC) with its joint venture partners, Shell Production Development Company (SPDC) and Belema Oil, have resolved the…
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The Petroleum Products Pricing Regulatory Agency (PPPRA) says that the utilisation of liquefied petroleum gas (LPG), also known as cooking gas, has…
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Global oil demand is weathering economic headwinds, the International Energy Agency (IEA) said on Thursday, buoyed by lower prices brought on by…
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The Nigerian Liquefied Natural Gas (NLNG) has announced SCD Group, a Joint Venture consortium comprising Saipem, Daewoo and Chiyoda, the preferred bidder…
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Organisation of Petroleum Exporting Countries OPEC, has cut its forecast for growth in world oil demand in 2020 due to an economic…
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EconomyNewsOil and Gas
Zainab Ahmed puts 2020 budget benchmark on $55 per barrel, projects excess crude supply
Finance minister Zainab Ahmed said there were “strong indications” of an oversupplied oil market next year and lowered price expectations for Nigeria’s…
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Crude oil prices rose on expectations that Saudi Arabia, the world’s largest oil exporter, will continue to support output cuts by OPEC…
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The Nigerian National Petroleum Corporation (NNPC) says it will grow the domestic gas use in-country to five billion cubic feet of gas…