Defence Headquarters has said crude oil theft had dropped from 60,000 barrels per day (bpd) to 23,000. The Chief of Training and Operations, Maj.-Gen. Lawrence Ngubane...
The Federal High Court has in Abuja declared the Federal Government policy on deregulation of the downstream sector as unconstitutional. Mr Bamidele Aturu had instituted the...
Rep. Abdulmumin Jibrin, the Chairman, House of Representatives Committee on Finance, has alleged that the NNPC has never paid revenue it generated into the consolidated revenue...
Managing Director, Nigerian Liquefied Natural Gas (NLNG) Mr Babs Omotowa says Nigeria is producing about 23 million tonnes of gas annually. Omotowa made this know at...
Royal Dutch Shell declared force majeure on the Nigerian Bonny Light crude oil grade due to a leak on a pipeline, a day after warning it...
The Petroleum Industry Bill (PIB) generated strong debates in the Senate in Abuja on Monday with majority of the Northern senators demanding a review of the...
Nigeria Liquefied Natural Gas Company (NLNG) has appointed France’s BNP Paribas and GT Bank to help raise around $1.6 billion for six LNG carrier ships, a...
The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, on Tuesday said government would reduce gas flaring from 11 per cent to two per cent in 2014....
The Pipelines and Product Marketing Company (PPMC) has called on the international community to criminalise the buying of stolen Nigerian crude and treat it as “blood...
The Transmission Company of Nigeria (TCN) says that power generation improved to almost 4, 500 mega watts from 4, 286 mega watts at the weekend. Mr...
The United States Alumni Engagement Innovation Team has said that 1.89 million barrels of oil spilled in the Niger Delta between 1976 and 1996. The group,...
A Lagos High Court in Igbosere hearing an oil subsidy fraud case against Abubakar Peters on Tuesday ordered his continued remand in the custody of the...
Mobil Producing Nigeria (MPN) says it has lifted the ‘Force Majeure’ it declared on its Qua Iboe crude oil streams, following an oil spill incident from...
Nigeria still hopes to have an oil licensing round for marginal fields before the end of this year, the oil minister told Reuters on Tuesday. “We...
Minister of Petroleum Resources Mrs Diezani Alison-Madueke, in Abuja described the fiscal terms proposed in the Petroleum Industry Bill (PIB) as fair. Alison-Madueke said this at...