A power company Century Power, a subsidiary of the Obijackson Group said it plans to generate 1,500 megawatts (MW) power by 2020 when it would have...
Economic and Financial Crime Commission EFCC has charged the former Managing Director of Nigerian National Petroleum Corporation NNPC, to court with money laundering and five other...
Spot trade was limited as buyers expected falling differentials and sellers awaited the results of the latest tender from India’s IOC and the latest loading plans...
Former President Olusegun Obasanjo indeed approved the controversial Malabu OPL 245 oil block deal. TheCable reports that it has seen documents which show the involvement of...
The Chairman of Brass Liquefied Natural Gas, LNG, Mr. Jackson Gaius-Obaseki and other experts in the petroleum industry have blamed the Federal Government for the collapse...
Crude oil merchants are seeking higher discount on the various grades of Nigeria crude. Some are asking as much as $1.2 per barrel. As a result...
Trading on Nigeria crude oil was relatively slow as a pending tender from Indian Oil Corp. kept Nigerian barrels tied up, while key buyer Unipec continued...
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...