Oil prices has dropped to six-week lows, under pressure from high global inventories and doubts about OPEC’s ability to implement agreed production…
Oil and Gas
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Fuel subsidy appeared to have returned, as the Nigerian National Petroleum Corporation, NNPC, said it recorded ‘under recovery’ of N49.86 billion between…
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Minister of State for Petroleum resources, Mr. Ibe Kachikwu said that the Federal Government has neither sold nor concession the country’s refineries to any individual…
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Oil prices incurred losses having hit one-month lows earlier in the day after unexpected surge in U.S. inventories and the return of…
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The Petroleum Products Pricing Regulatory Agency, PPPRA said Nigerians should ignore rumours of an impending hike in the price of Premium Motor…
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Nigeria’s refineries continued to perform woefully, with two of the refineries, Warri and Kaduna refineries, recording a combined operating deficit of N2.952…
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Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members are in the process of legalising their new found relationship, says OPEC Secretary-General,…
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Senate President , Dr. Abubakar Bukola Saraki, has said that the recommendation made by the Senate committee on Works will not lead…
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Senate Committee on works has proposed a five Naira petrol tax on every litter of petrol purchased in Nigeria. The committee has…
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Nigerian National Petroleum Corporation, NNPC, has said that it has entered into a partnership with the Bayelsa State Government to build a…
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The Nigerian National Petroleum Corporation, NNPC, has said that Indonesia has shown interest in purchasing more crude oil from Nigeria. The NNPC…
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Some investors and representatives communities in Niger Delta have condemned the Federal Government’s cancellation of Oil Prospecting Licences (OPL) 2001, 2002 and…
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Members of the Organisation of the Petroleum Exporting Countries have agreed to extend production cuts for nine months, according to media reports,…
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The Nigerian National Petroleum Corporation said it has approached some Chinese investors to partner in its Research and Development, R&D, venture. NNPC…
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Nigerian National Petroleum Corporation NNPC, is in the final stage of signing $6 billion worth of deals to exchange more than 300,000…