Nigerian National Petroleum Corporation (NNPC) has denied that it approved N36billion compensation to paid to Alesa-Eleme community in Rivers State as royalty…
Category:
Oil and Gas
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Oil prices steadied on Wednesday after slipping prices on concerns that Saudi Arabia and Russia will pump more crude in response to…
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Ladol, a logistics hub for the offshore oil industry in Lagos, Nigeria, is mulling a stock-market listing and corporate bonds to expand…
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Exxon Mobil Corp evacuated non-essential workers from the Lena production platform in the Gulf of Mexico ahead of Subtropical Storm Alberto, the…
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Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped…
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The Nigerian National Petroleum Corporation, NNPC, has directed its downstream subsidiary, NNPC Retail Limited, to ensure it grow its market share of…
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Flows of crude oil along Nigeria’s Trans Forcados pipeline have started to ramp up again after an outage of almost a week,…
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Lawyers for the Bodo community in Nigeria’s oil-producing Niger Delta, which was devastated by two major oil spills a decade ago, went…
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(Reuters) Seven years ago, two middlemen launched civil lawsuits to seek payment for helping arrange a $1.3 billion oil deal in Nigeria.…
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The Asset Management Corporation of Nigeria (AMCON) has taken over Sea Petroleum Oil & Gas Ltd. and other assets belonging to…
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Brent oil prices were little changed on Friday but were on track for a sixth straight week of gains, boosted by strong…
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Oil prices hit $80 a barrel for the first time since November 2014 on concerns that Iranian exports could fall due to…
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Nigerian National Petroleum Corporation, NNPC, has urged lawmakers to review downward the duration of petroleum licences as stipulated in the draft Petroleum…
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Some shareholders of Oando Plc on Wednesday cautioned its management against moves to reconcile with Ansbury Investments Incorporated, owned by Mr Gabriele…
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NNPC has awarded contracts to buy and sell Nigerian crude to 50 companies of which 32 are local firms. Top on…