NNPC says it has directed all its partners and suppliers to bring down their cost to between 30 and 40 per cent…
Category:
Oil and Gas
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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…
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The Nigerian National Petroleum Corporation (NNPC) Chief Operating Officer (COO), Ventures and Business Development, Mr. Roland Ewubare, has said that NNPC is…
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NewsOil and Gas
NNPC raises alarm over Off-Spec Diesel in market, expresses commitment to biodiversity
The Nigerian National Petroleum Corporation (NNPC) has raised an alarm over prevalent low grade and contaminated AGO, otherwise called, diesel offered at…
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OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to push laggards…
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As part of measures to cope with the boom and bust cycle in the global crude oil market and to sustain revenue…
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Crude oil prices dropped on Thursday, reversing gains in the previous session, on concern over whether major crude producers will be able…
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EconomyNewsOil and Gas
NNPC to unveil COVID-19 contacts-tracing App, deploys online petroleum products procurement solutions
In line with the Transparency, Accountability and Performance Excellence (TAPE) agenda of the present Leadership of the Nigerian National Petroleum Corporation (NNPC),…
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The price of Brent crude surged on Wednesday to a near three-month high amid optimism among investors and oil traders that major oil producers will extend oil…
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Director Department of Petroleum Resources DPR, Sarki Auwalu said that DPR expects to have all completed bids for marginal oil wells within…
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The Petroleum Products Pricing Regulatory Agency (PPPRA) has slightly reduced the pump price of Premium Motor Spirit (PMS), also known as petrol…
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Department of Petroleum Resources DPR, has launched its first licensing round for marginal oilfields in nearly 20 years. DPR), despite court rulings…
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OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record…