As OPEC’s effort to balance the oil market bear fruits, US producers are reaping the benefits and flooding Europe with a record amount of crude. Russia...
Nigeria’s oil exports are expected to fall slightly in June to just under 1.8 million barrels per day (bpd), loading plans has shown. The export plan...
Price of petrol will be reviewed as soon as Petroleum Industry Governance Bill is passed to law. This is the view of Nigerian Association of Energy...
The Nigerian National Petroleum Corporation, NNPC, has said that its downstream subsidiary, NNPC Retail Limited, has introduced stricter measures to scrutinise and supervise the operations...
Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Maikanti Baru, has stated that funding remained a major constraint to the corporation. In a statement...
The Group Executive Director, Finance and Account of the Nigerian National Petroleum Corporation (NNPC), Mr Isiaka Abdulrazak said the corporation recorded a trading surplus of N250...
The International Energy Agency said that the international oil market could become too tight if supply remains restrained by OPEC and its allies as global oil...
Shell’s has said its payments to the federal government of Nigeria rose to $4.32 billion in 2017 about 19 per cent from $3.64 billion in 2016,...
The Petroleum Technology Development Fund, PTDF, said has modified its overseas scholarship scheme and that it has suspended the conduct of aptitude tests for applicants...
JP Morgan Chase has asaid it knew a former Nigerian oil minister convicted of money laundering would benefit when it transferred over $800 million of government...
Not less than 160 firms of professional estate surveyors and valuers participated in the bid to provide the Nigerian National Petroleum Corporation (NNPC) with valuation and...
Nigeria National Petroleum Corporation (NNPC) has awarded a contract of US$2.8 billion for engineering, procurement, construction, commissioning and financing of 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and...
Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, has said that the country is currently recording ague subsidy of N1.4 trillion per annum on petrol....
Royal Dutch Shell has filed a criminal complaint against a former senior employee over suspected bribes in the 2011 sale of an oilfield in Nigeria, where...
The Nigerian National Petroleum Corporation, NNPC, has close the Fuel Supply War Room, confirming the end of the fuel crisis which ravaged the country since December...