The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that three out of the 40 planned modular refineries would likely come on stream...
Crude-oil prices plunged in early Friday trade in New York, with the contract headed for its seventh-straight weekly fall as investors increasingly focused on a coming...
The NNPC says it is devising new ways to attract more funding for operators in Nigeria’s oil and gas industry to launch them into a new...
Russia is planning to sign a partnership agreement with Organisation of Petroleum Exporting Countries (OPEC), Energy Minister Alexander Novak said on Monday. Novak said the deal...
Oil marketers have again resurrected the supposedly closed subsidy as they have appealed to Federal Government to effect quick payment of its outstanding N800 billion subsidy...
Oil rose on Friday on hopes that supply cuts will be agreed at OPEC’s meeting on Dec. 6, but failed to recoup recent losses on oversupply...
A probe by the Senate into whether NNPC improperly withdrew money has expanded with the amount under investigation doubling to over $2.2 billion, a Senate committee...
Brent crude Oil prices has slipped on rising supply and weakening demand. This however is not cheering news for oil exporters such as Nigeria which depends on...
Nigeria will increase its oil production to 1.8 million barrels per day in 2019 and raise condensate production to 0.5 million bpd, the managing director of...
(Reuters) – Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to a drive to cut...
Oil prices rose by about one per cent after top exporter, Saudi Arabia, announced a cut in supply for December. International benchmark Brent crude oil futures...
Coming on the heels of its heralded celebration of two decades of operations, Rainoil Limited was last week conferred the 2018 Merit Award for Industry Impact...
Senate President, Dr. Abubakar Bukola Saraki, has said that the Senate on resumption of plenary will further probe the claims by the NNPC), on diversion of...
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that the Agency will enforce strict compliance to the...
(Reuters) – Nigeria National Petroleum Corporation NNPC said that it had signed a crude-for-product deal with BP for the next six months to help meet the...