OPEC said its members have agreed to extend oil out put cut to end of 2018 and has capped the output of Nigeria and Libya...
The Nigerian National Petroleum Corporation, NNPC has denied allegations that it is selling fuel above the approved price at its depots saying that fuel is currently...
The Nigeria Extractive Industries Transparency Initiative, NEITI,in its latest report has expressed concern over the volatility in the monthly revenue allocation to Federal, States and Local...
Shell Petroleum Development Company (SPDC) has denied a report by the Amnesty International alleging that a cache of thousands of internal documents suggested that the Anglo-Dutch...
The Managing Director, Nigerian National Petroleum Retail Limited, Mr Yemi Adetunji says the market shares of the company has grown to 14 per cent in 2016. Adetunji...
OPEC is heading for tougher-than-expected policy talks this week as its leader Saudi Arabia pushes to extend oil output cuts by nine months while non-member Russia...
Amnesty International has called for a criminal investigation into the alleged role of Royal Dutch Shell in human rights abuses in Nigeria’s oil-rich Ogoniland in the...
The Nigerian National Petroleum Corporation, NNPC, yesterday, said the Federal Government’s 2.3 million barrels per day crude oil projection for the 2018 Budget is achievable and...
Nigerian National Petroleum Corporation, said it has secured a total of $3.7 billion in Alternative Financing Agreement in the last three years. In a statement in...
CAPE TOWN (Reuters) – South Africa wants the national oil companies of its BRICS partners to help build a new 400,000 barrel per day refinery that...
Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL)have executed the second and final phase of an Alternative Financing Agreement. A statement signed by the...
Federal government has said that The Buhari administration, is working hard to ensure that the people of Niger Delta benefit maximally from the wealth of their...
Petroleo Brasileiro SA, Brazil’s state-owned oil company is making moves to sell Petrobras Oil and Gas BV, Petrobras Africa, involved in two deepwater oil exploration blocks...
The Nigerian National Petroleum Corporation, NNPC has directed its downstream subsidiary, the Petroleum Products Marketing Company, PPMC, to ensure steady supply of petroleum products across the...
Russia, Saudi Arabia, Uzbekistan and Kazakhstan are ready to do more work to reduce global oil inventories, the Russian energy ministry said in a statement on...