Hyde Limited, a global oil and commodities trading company and producer of premium lubricants in Nigeria, has launched a new retail station in Egbeda, Lagos. This...
The Nigerian National Petroleum Corporation (NNPC) says it has no hidden 470.5 million dollars and Eight billion Naira in any commercial bank as alleged by the...
An Italian judge sentenced two defendants in a Nigerian corruption case to jail in the first ruling on one of the oil industry’s biggest graft scandals....
The Nigerian Content Development and Monitoring Board (NCDMB) has raised $200 million to facilitate local content development in the oil sector. The board had the statutory...
World oil consumption will reach 100 million barrels per day (bpd) later this year, hitting that level much sooner than previously forecast, OPEC’s secretary-general said on...
Brent crude Oil price rose to $78.09 a barrel supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November. At...
OPEC oil output has risen in August to a 2018 high as Libyan production recovered and Iraq’s southern exports hit a record, a Reuters survey found,...
The Nigerian Liquefied Natural Gas (NLNG) has remitted more than $6.5 billion in taxes to Federal Inland Revenue Service (FIRS) since 2009. Mr Tony Attah, Managing...
A $200 million fund put in place by the Nigerian Content Development and Monitoring Board (NCDMB) is now ready for disbursement at single digit interest rate....
The Nigerian National Petroleum Corporation (NNPC) says it will establish two condensate refineries with a total refining capacity of 200,000 barrels per day. The Corporation disclosed...
The National Bureau of Statistics (NBS) has said that Nigeria imported165.71 million litres of Liquefied Petroleum Gas (LPG) in the second quarter of 2018. The NBS...
Nigeria’s oil exports are expected to rise to their highest in four months in October, thanks to supply of several larger grades coming back online following a...
World Energy News has reported that Nigerian crude exports to Asia hit 664,000 barrels per day (bpd) in July, the highest in two years just as...
Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Tony Attah, has said that NLNG’s planned Train seven Project, that could increase production output...
The Nigerian National Petroleum Corporation (NNPC) has said that the execution of the strategic Ajaokuta-Kaduna-Kano gas pipeline project is 100 per cent contractor finance. The Corporation...