Nigerian Natural Resource Charter NNRC, has described the fiscal terms of the Nigerian petroleum industry as weak, inflexible and unattractive to investors. This is contained in...
The Nigeria National Petroleum Corporation (NNPC) has denied reports credited to its Group Managing Director, Mr Maikanti Baru, linking Abba Kyari to N50 billion kept away...
The Nigerian National Petroleum Corporation, NNPC, and Petroleum Products Marketing Company, PPMC they will work round the clock, 24 hours service, and adopt other measures to...
Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from...
The Nigerian National Petroleum Corporation (NNPC) said that 577 firms have indicated interest to secure the insurance renewal contract for its oil and non-oil assets. In...
The Independent Petroleum Marketers Association of Nigeria, IPMAN, yesterday, blamed the current fuel crisis on hoarding of the commodity by some depot owners and petroleum products...
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the major cause of the fuel scarcity currently being witnessed across the country is shortfall in...
One of Nigeria’s two main oil unions has threatened to begin a nationwide strike from Dec. 18 over what it said was a “mass sacking of...
Department of Petroleum Resources (DPR) has directed private depots with petroleum products to give priority to Lagos State in the distribution to end scarcity in the...
The Federal Government has declared that it has no intention now or in the near future to hike the prices of petroleum products in the country....
A Dutch law firm has asked the public prosecutor in the Netherlands to file a case against Royal Dutch Shell, its CEO and former executives of...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, rushed back to Nigeria from the United Kingdom to attend to shortage...
Nigerian crude oil output slipped by 40,000 bpd in November a Reuter survey said. According to the report Nigeria’s largest crude stream, Qua Iboe, was scheduled...
The Independent Petroleum Marketers Association of Nigeria, IPMAN, have carried out its threat of embarking on strike, as fuel queues returned, in major petrol stations in...
Crude oil price in the international market fell as United States of America shale drillers last week added more rigs but prices still held close to...