Some shareholders of Oando Plc on Wednesday cautioned its management against moves to reconcile with Ansbury Investments Incorporated, owned by Mr Gabriele Volpi. The shareholders: Pacesetters...
NNPC has awarded contracts to buy and sell Nigerian crude to 50 companies of which 32 are local firms. Top on the list of the...
The trial of top executives from oil majors Eni and Shell over alleged corruption in Nigeria kicked off on Monday with a brief procedural hearing and...
The Nigerian National Petroleum Corporation, yesterday has said that it saved the nation the sum of $1.7 billion as it secured a reduction in the cash...
Nigerian National Petroleum Corporation, NNPC said that currently, it is the most transparent public sector organisation in the country. Speaking at the stakeholders’ workshop on...
National Assembly has said it aims to pass a long-delayed bill to overhaul the oil sector by the end of July. Senate President Bukola Saraki...
The Nigerian National Petroleum Corporation (NNPC) has said that that it spent the sum of $396 million on refineries turn around maintenance in the last ten...
U.S. oil prices rose above $70 a barrel for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a...
Management of Forte Oil has said the company plans to sell its upstream services and power businesses in Nigeria and divest from Ghana to focus on...
Oil prices held steady as the dollar remained near a four-month high, with crude supported by worries that United Sstates President Donald Trump may pull out...
West Africa-focused oil and gas group Savannah Petroleum is considering selling a minority stake in its Niger assets before first oil flows there, which is expected...
There’s been ongoing community protests at Oil Mining Lease (OML) 30, Nigeria’s second largest onshore oil & gas asset, located in the Niger Delta about 35km...
The Nigerian Petroleum Development Company, NPDC, yesterday, said it has commenced the establishment of a 330,000 metric tonnes per day Liquefied Petroleum Gas, LPG, plant, also...
The Buhari administration is not only committed to ensuring that the clean-up of Ogoniland is carried out, but also ensuring that it is done transparently, according...
The World Bank has projected that crude oil price will average $65 a barrel over 2018, up from an average of $53 a barrel in 2017....