Nigerian National Petroleum Corporation (NNPC) has hinted of plans to establish a 100,000-barrels-per-day brownfield refinery each in Port-Harcourt and Warri. A press release by the Corporation’s...
The Centre for Petroleum Information (CPI) at a Petroleum Policy Roundtable held in Lagos warns that as long as Nigeria fails to develop its gas sector...
Gloomy months lie ahead of Nigeria and other crude oil exporters as OPEC on Monday forecast lower demand for crude next year. The forecast came as...
Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company (SPDC) have signed five agreements to expedite the development of a project aimed at delivering about...
The Dangote Group has debunk reports that its refinery being built in Lekki, Lagos Nigeria, will miss its production target date in 2020 as planned. Executive...
Group Managing Director, Nigerian National Petroleum Corporation (NNPC), has said that the lack of proactive measure by the federal government was responsible for lull in economic...
Stocks across Asia advanced on Monday as China’s efforts to stop sharp declines in its currency and capital flight supported wider sentiment in the region while...
Asian spot liquefied natural gas (LNG) prices rose for a second consecutive week as sizzling high temperatures continued to grip Japan, the top buyer of the...
Oil prices have decreased after OPEC production was raised. September Brent crude futures fell by seven cents to reach 74.90 dollars a barrel at 01:09 GMT...
Crude oil price was near $70 a barrel as supply risks from Saudi Arabia to the U.K. threaten to strain global markets. Futures in New York...
Royal Dutch Shell and its partners will decide next year on whether to go ahead with the development of Nigeria’s Bonga Southwest offshore oilfield, a senior...
Nigeria, crude oil supply to the international market by 50,000 barrel per day in July. According to Reuters crude oil market survey report released in London...
Higher oil prices drove increased profits for US oil giant ExxonMobil, but the earnings report Friday missed analyst expectations due to natural gas outages and refining...
President Muhammadu Buhari said in Abuja that his administration will look into the constitutional 13 per cent derivation benefit to the Niger Delta region to ensure...
The management of Nigeria National Petroleum Corporation (NNPC) has reiterated its commitment to establish biofuel plants across the country as call intensifies for an alternative source...