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...
Oil prices has dropped to six-week lows, under pressure from high global inventories and doubts about OPEC’s ability to implement agreed production cuts. This has given...
Fuel subsidy appeared to have returned, as the Nigerian National Petroleum Corporation, NNPC, said it recorded ‘under recovery’ of N49.86 billion between January and March 2017....
Minister of State for Petroleum resources, Mr. Ibe Kachikwu said that the Federal Government has neither sold nor concession the country’s refineries to any individual or company. Addressing newsmen...
Oil prices incurred losses having hit one-month lows earlier in the day after unexpected surge in U.S. inventories and the return of more Nigerian crude aggravated...
The Petroleum Products Pricing Regulatory Agency, PPPRA said Nigerians should ignore rumours of an impending hike in the price of Premium Motor Spirit, PMS, also known...
Nigeria’s refineries continued to perform woefully, with two of the refineries, Warri and Kaduna refineries, recording a combined operating deficit of N2.952 billion in the month...
Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members are in the process of legalising their new found relationship, says OPEC Secretary-General, Mr Mohammed Barkindo. Barkindo...
Senate President , Dr. Abubakar Bukola Saraki, has said that the recommendation made by the Senate committee on Works will not lead to hike in fuel...