The Presidency has expressed concern over the circulation of a fake document purported to be the new Petroleum Industry Bill (PIB). A statement issued by the...
Nigeria’s Federal Executive Council has approved a final draft of the revised Petroleum Industry Bill (PIB), which will be sent to President Goodluck Jonathan before going...
Deputy Governor of Abia State Nigeria; Mr Emeka Ananaba has called on the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to resolve the disputed oil wells...
Chevron Corp. left workers pleading to be evacuated from a gas exploration platform off Nigeria which kept drilling as smoke poured from a borehole until an...
The Nigerian Content Development and Monitoring Board (NCDMB) and Shell Petroleum Development Company have signed an agreement with five equipment manufacturers to invest 62 million dollars...
The Supreme Court in Abuja on Tuesday confirmed Akwa Ibom as the owner of the 76 offshore oil wells claimed by Cross River. Delivering the judgment,...
Nigerian light sweet continued to be under pressure with demand for July and August loading remaining slack while India, the biggest Asian buyer of Nigerian crude,...
In a further move towards the fulfillment of his pledge to Nigerians that no person or organization guilty of fuel subsidy fraud or corruption will escape...
Reports from international oil market said that Sweet crude sold at a steady pace for August loading in the West African market, while deals in Angola...
Nigeria National Petroleum Corporation (NNPC) has disassociated itself from ownership of a secret foreign account with American bank, J.P. Morgan. This development has brought another dimension...
Federal Government of Nigeria is set to give more bite to its local content pursuit by awarding nearly half of its $60 billion annual supply contracts...
Shoreline Natural Resources Limited has acquired a 45 per cent stake in Oil Mining Lease, OML, 30 in a deal worth about N131.75 billion ($850 million)...
The findings of the Committee are as follows: The review of the Petroleum Support Fund (PSF) guidelines by the PPPRA ‘in 2010 included the following amendments...
President Goodluck Jonathan in continuation of shake up in his government has replaced the managing director of Nigerian National Petroleum Corp (NNPC) and three other senior...
Nigerian crude differentials remained under pressure from ample supply of light, sweet crude and unexceptional levels of demand, traders said on Tuesday. “There’s just less demand...