Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its inquiry into Shell over...
Managing Director Nigeria National Petroleum Corporation, Mr. Mele Kolo Kyari has promised that Nigeria will cut its crude oil output to comply with OPEC output targets....
The leader of the House of Representatives Ad-Hoc Committee on NDDC Abandoned Projects in Edo State, Hon. Sergius Ogun, has expressed disappointment with the number of...
OPEC oil output has fallen to an eight-year low in September after attacks on Saudi oil plants cut production, deepening the impact of a supply pact...
The Edo State Governor, Mr. Godwin Obaseki, has called for a probe into the utilisation of the N20 billion emergency funds allegedly expended by the Niger...
The Nigerian National Petroleum Corporation (NNPC) has signed a 875.75 million dollar funding and technical services agreement and alternative financing deal for the Nigerian Petroleum Development...
Nigeria lost $1.35 billion to oil theft in the first six months of this year and needs a legal task force with special courts to tackle...
The Nigerian National Petroleum Corporation (NNPC) says it will begin full rehabilitation of the nations three refineries by January 2020. The nation’s refineries are located in...
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment towards harnessing Nigeria’s abundant resources for the benefit of Nigerians. It’s Group Managing Director Malam Mele...
The Nigerian National Petroleum Corporation (NNPC) with its joint venture partners, Shell Production Development Company (SPDC) and Belema Oil, have resolved the dispute on the operation...
The Petroleum Products Pricing Regulatory Agency (PPPRA) says that the utilisation of liquefied petroleum gas (LPG), also known as cooking gas, has risen from 40,000 metric...
Global oil demand is weathering economic headwinds, the International Energy Agency (IEA) said on Thursday, buoyed by lower prices brought on by abundant supply as the...
The Nigerian Liquefied Natural Gas (NLNG) has announced SCD Group, a Joint Venture consortium comprising Saipem, Daewoo and Chiyoda, the preferred bidder for the NLNG Train...
Organisation of Petroleum Exporting Countries OPEC, has cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the...
Finance minister Zainab Ahmed said there were “strong indications” of an oversupplied oil market next year and lowered price expectations for Nigeria’s budget benchmark crude price...