The Department of Petroleum Resources (DPR) says Nigeria is losing over 4.9 million dollars (more than N735 million) daily to gas flaring. Mr George Osahon, a...
The Nigeria National Petroleum Corporation has borrowed $1.4 billion to pay debts it owed to companies it bought petroleum products from. The NNPC is said to...
In a bid to protect the nation’s environment, the Ministry of Environment has commenced moves to make oil spillage a criminal offence, the Minister, Mrs Hadiza...
African Independent oil and gas company Taleveras has signed a Farm-Out Agreement with a subsidiary of LUKOIL, Russia’s largest private oil company, for Block CI-504 in...
The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force...
Federal government has opened up 10 power plants under the National Integrated Power Project (NIPP) for international investment in London. Prof. Chinedu Nebo, the Minister of Power,...
The hunt for Royal Dutch Shell’s next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what could be his last...
By Omoh Gabriel Business Editor in Washington D.C The Minister of Finance and Coordinating Minister of Economy Dr. Ngozi Okonzo-Iweala said in Washington that the ability...
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...