Nigeria’s deepwater oil field, the Bonga, has been shut down, resulting in Shell and the nation a huge losing revenue estimated at N3.45billion daily. Shell Nigeria...
THE National Petroleum Investment Management Services, NAPTIMS, a subsidiary of Nigerian National Petroleum Corporation, NNPC, told the Senate that in 2016, it spent the sum of $9...
Economic and Financial Crime Commission EFCC, has filed fresh corruption charges against Royal Dutch Shell PLC, Eni SpA and others regarding the $1.3 billion purchase of...
Nigeria National Petroleum Corporation has said that it cost N136 to refine one litre of petrol in Nigeria. Speaking at the ongoing oil and gas conference in...
Nigeria’s oil production has risen to 2.1 million barrels a day, the managing director of NNPC said. Maikanti Baru NNPC’s group Managing Director at a conference in...
The Department of Petroleum Resources, has threatened to mete out sever sanctions against petroleum products marketers engaged in the profiteering by hoarding, diverting petroleum products and...
ExxonMobil Nigeria has laid off additional 89 workers in a gale of retrenchments that started in the company last year. NAN said a top source disclosed...
The Nigerian National Petroleum Corporation said it did not remit N23.4 billion Nigerian Export Supervision Scheme (NESS) levy, chargeable on crude oil and gas exports since...
Nigeria’s crude oil export will rise by 8,350 barrels of oil per day (bopd) as Green Energy International Limited, GEIL, said it is about to commence...
The Nigerian Content Development and Monitoring Board, NCDMB said it is set to begin the enforcement of the Nigerian Content Act in the midstream and downstream...
The Nigerian National Petroleum Corporation, NNPC, has said that its subsidiary, Kaduna Refining and Petrochemical Company, KRPC, is losing an average of N2.2 billion annually to illegal tapping...
Italian prosecutors have asked for the CEO of oil and gas group Eni Claudio Descalzi to be sent to trial over alleged corruption in Nigeria, judicial...
Nigeria has said it would set aside $50 billion to fund and stimulate investment in biofuels production in Nigeria. Governor of the Central Bank of Nigeria,...
NIGERIA Agip Oil company, NAOC has ignored Nigeria legislators, that is the joint committee of the Senate and House of Representatives of the National Assembly. The...
Sahara Energy, Glencore, Gunvpr, Aiteo, MRS, Trafigura and 122 other companies, have expressed their willingness to serve as off-takers for 800,000 barrels per day of Nigerian...