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...
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,...