The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of ₦13.23billion in October 2019. This represented an increase of 54 per…
Category:
Oil and Gas
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NewsOil and Gas
No sharp rise in crude oil price in 2019 despite sanctions, supply cuts, Saudi attack
Oil prices rose more than 20 per cent this year but there were no sharp spikes and crude futures barely sniffed $70…
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Brent crude oil rose by 28 cents, or 0.4 per cent, at $67.48 a barrel in the future market just as West…
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Nigerian National Petroleum Corporation NNPC, has said it will increase its stake in a Chevron-operated gas-to-liquid refinery to 60 per cent as…
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The Federal High Court, Abuja has ordered the transfer of Soku oil field from Bayelsa to its rightful owner, Rivers. Justice Inyang…
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Vitol, an oil and gas trader agreed to buy Nigeria liquified gas in the next ten years. This at current market price,…
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The Nigerian National Petroleum Corporation (NNPC), says it is taking measures to address the menace of pipeline vandalism and crude oil theft…
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Waltersmith modular refinery, a 5,000 barrels per day production capacity facility being promoted by Nigerian Content Development and Monitoring Board (NCDMB), will…
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The Nigerian Liquefied Natural Gas( NLNG) says it is 97 per cent ready to take Final Investment Decision (FID) on its capacity…
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NewsOil and Gas
Dangote Refinery good example of local content, as stakeholders seek conducive environment to attract more investment
Executive Secretary, Nigerian Content Development and Monitoring Board (NCDM), Mr Simbi Wabote, says the 650,000 barrels per day Dangote Refinery project is an…
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Oil producers from the Organisation of the Petroleum Exporting Countries (OPEC) are unlikely to agree to change their current deal on curbing…
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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…