Nigerian National Petroleum Corporation (NNPC) said in Abuja that its operation for the month of June recorded N7.15 billion as trading surplus, lower than N18.12 billion...
Brent crude oil prices shrunk by15 cents a barrel at $77.19 while U.S. light crude was unchanged at $67.04. The drop in prices was as a...
The Nigerian National Petroleum Corporation, its subsidiary NPDC and other oil companies are owing the Federation Account Allocation Account the sum of $22.06 billion and N481.75...
(Reuters) – Two former executives of collapsed oil company Afren were sentenced to up to six years in prison on Monday after they were convicted of...
The Nigeria Extractive Industry Transparency Initiative (NEITI) on Monday called for urgent action on some of the remediation issues identified in its audit reports on the...
Crude oil prices have fallen by about $10 a barrel since four-year highs reached in early October. Brent crude futures fell 21 cents to $77.41 a...
The Nigerian National petroleum Corporation (NNPC) says that some of the financing companies it approached to revamp the country’s refineries have shown interest in Port Harcourt...
Nigerian Petroleum Development Company (NPDC) has achieved 100 per cent local content input in the development of Oredo Integrated Gas Handling Facility (IGHF). Dr Maikanti Baru,...
(Reuters) – Exports of the four largest grades of Nigerian crude oil will rise to 879,608 barrels per day in December, the highest since April this year,...
(Reuters) – Two former executives of collapsed oil firm Afren have been convicted of fraud and money laundering offences relating to a $300 million business deal,...
Saudi Arabia has no intention of unleashing a 1973-style oil embargo on Western consumers and will isolate oil from politics, the Saudi energy minister said amid...
The Minister of State for Environment, Alhaji Ibrahim Jibril, said on Monday that the Federal Government was set to commence the clean -up of oil spills...
Chief Executive Officer, AfriPERA, an Energy and Infrastructure Policy research organisation, Mr Chinedu Onyeizu, said that Nigeria is losing about $2.5 billion annually from gas flaring in...
Nigeria National Petroleum Corporation NNPC has extended its crude-for-product swap contracts, the country’s main avenue to meet the bulk of its fuel needs, until June 2019,...
Nigeria National Petroleum Corporation NNPC has extended its crude-for-product swap contracts, the country’s main avenue to meet the bulk of its fuel needs, until June 2019,...