The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment towards harnessing Nigeria’s abundant resources for the benefit of Nigerians. It’s Group…
Category:
Oil and Gas
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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…
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NewsOil and Gas
U.S. judge rejects Exxon, Shell application to restore $1.8bn arbitration award against NNPC
A U.S. judge has rejected Exxon Mobil Corp’s and Royal Dutch Shell Plc’s effort to revive a $1.8 billion arbitration award against…
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The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) Malam Mele Kyari has reiterated his commitment to ensuring transparency and…
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Edo Governor, Godwin Obaseki said the nation lost about 22 million barrels of its crude oil production to oil theft between January…
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Malam Mele Kyari, the Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC) says the corporation has begun repair of its damaged…
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FinanceNewsOil and Gas
Nigeria loses 22mb of crude oil in 6 months – Gov. ObNigeria loses 22mb of crude oil in 6 months – Gov. Obasekiaseki
Edo Governor, Godwin Obaseki said the nation lost about 22 million barrels of its crude oil production to oil theft between January…
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U.S. President Donald Trump on Thursday called for the Organisation of the Petroleum Exporting Countries (OPEC) to boost oil production to lower…