Crude oil price inched up one per cent as a result of a supply interruption in Nigeria which saw prices moving toward a weekly gain...
Chairman Capital Oil, Chief Ifeanyi Ubah has paid N2 billion to Nigerian Nation Petroleum Corporation as part refund for product diversion in which he is under...
OPEC said in its monthly report that oil production jumped in June and predicts that global demand for members crude supply will decline next year as...
Federal Government has adopted a new programme that will result in significant reduction in gas flaring activities in the country. The government said it would encourage...
Nigeria crude that has been waiting for buyers in the high seas recorded some success as tender from Indian absorbed some of the overhang on Friday...
Nigerian crude for August loading is proving slow to find buyers amid rising supply, Reuters quoting oil trading sources has reported. The report said the supply...
Nigerian National Petroleum Corporation, NNPC has accused Gencos of rejecting gas supply. Group Managing Director of the NNPC, Mr. Maikanti Baru, lamented that despite efforts at...
Nigerian National Petroleum Corporation, NNPC has signed a $700 million agreement with First Exploration & Production and Schlumberger for the development of two oil fields in...
The Federal Government has approved a new national gas policy just as it has stated that the management of the country’s refineries would remain within the...
Nigerian Excess crude account has been described as one of the world’s most poorly governed fund according to a report by the Natural Resource Governance Institute...
PT Intim Perkasa Nigeria Limited, a subsidiary of PT Intim Perkasa, Indonesia, has shown interest in building a 10,000-barrel per day modular refinery in Akwa Ibom...
Nigerian National Petroleum Corporation, NNPC, said it has repaid its N450 billion indebtedness to the Federal Government. NNPC, in its April 2017 Monthly Financial and Operations Report,...
Oil on Tuesday marked its lowest finish since August, with prices sinking into bear-market territory as investors remained concerned that rising output from the U.S. and...
The Federal Government got a total payment of 539.578 million Yuan, about $81.329 million, from a Chinese oil firm, the China National Offshore Oil Corporation (CNOOC)...
Nigerian National Petroleum Corporation, NNPC has said that vandalisation of crude oil pipeline dipped by 12.77 per cent, from 94 incidences in March 2017 to 82...