BY OMOH GABRIEL THE International Monetary Fund, IMF, yesterday, cautioned Nigeria against expansionary fiscal policies, given the uncertainty that still pervades the global economic scene just...
Royal Dutch Shell expects to lift a force majeure on two grades of Nigerian crude oil by the end of November, a top official said on...
Nigeria is concerned that oil and gas prices could fall as more countries uncover reserves and sees the need to make plans to adapt to this...
Nigeria has lost at least a fifth of its oil output in recent weeks due to severe flooding and oil theft, government oil officials said on...
Nigeria lost out on tens of billions of dollars in oil and gas revenues over the last decade from cut price deals struck between multinational oil...
France’s Total has declared force majeure on gas supplies to Nigeria LNG’s liquefication plant, the company said. It said it had stopped oil and gas production...
Royal Dutch Shell cannot yet say when a force majeure on two grades of Nigerian crude oil will be lifted, after production stoppages caused by theft...
Nigeria will hold its first oil exploration bidding round for five years by the end of this year, while licence renewal talks with Shell and Chevron...
The Tax Appeal Tribunal (TAT) in Abuja has ordered Oando Plc to pay N72.92 million as tax liabilities to the Federal Inland Revenue Service (FIRS). Mr...
The Department of Petroleum Resources (DPR) on Tuesday threatened to shut down any petrol station caught selling fuel above the pump price of N97 per litre....
The Shell Petroleum Development Company (SPDC) on Wednesday confirmed a pump failure at its facility in Bayelsa. This is contained in a statement issued by Mr...
Brent crude held steady above 113 dollars per barrel on Tuesday as investors awaited economic growth data out of Europe to gauge the region’s energy demand...
Asia is set to import record volumes of oil from West Africa, mainly from Nigeria, this year as increasing supplies of high quality crude drive down...
Minister of Petroleum Resources Mrs Diezani Alison-Madueke says the nation’s oil reserve could grow to 40 billion barrels by 2020 with daily production capacity of four...
By Omoh Gabriel Nigeria Extractive Industry Transparency Initiative has disclosed that from its audit report between 2006 and 2008 the Nigerian National Petroleum Corporation received $3.789...