By Omoh Gabriel World Bank Group has projected crude oil prices to average $60 per barrel in 2019 and weaken to $58…
Category:
Oil and Gas
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(Reuters) – Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add…
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The Programme Manager, National LPG Expansion Plan, Mr Dayo Adeshina said the Federal Government was targeting the consumption of five million tons…
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(Reuters) – Chevron is seeking to sell several Nigerian oilfields as part of a global drive to reshape its portfolio as it…
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Federal Government is making moves to recover $62 billion from oil companies under regulations that allow the government to revisit revenue-sharing deals…
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The Nigeria Extractive Industries Transparency Initiative (NEITI), says metering infrastructure of the oil and gas sector is the only way to ensure…
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Nigerian crude exports is said to be facing a difficult demand picture as delays and freight costs weigh on crude exports. According…
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Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its…
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Managing Director Nigeria National Petroleum Corporation, Mr. Mele Kolo Kyari has promised that Nigeria will cut its crude oil output to comply…
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EconomyNewsOil and Gas
No sign of some projects awarded by NDDC since 2012 in Edo, says House Ad-hoc C’ttee
The leader of the House of Representatives Ad-Hoc Committee on NDDC Abandoned Projects in Edo State, Hon. Sergius Ogun, has expressed disappointment…
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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…