OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for...
Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner, Chevron Nigeria Ltd., have concluded the conversion of five of its JV assets into...
Nigerian Upstream Petroleum Regulatory Commission, NUPRC, said it adopted Alternative Dispute Resolution, ADR, in order to resolve issues and put oil and gas assets into production....
Movement for the Survival of the Ogoni People (MOSOP) has warned that any backdoor joint venture partnership between the Nigerian National Petroleum Company, NNPC and Sahara...
OPEC+ is discussing delaying an oil output increase scheduled to start in October after oil prices hit their lowest in nine months, four sources from...
The market value of Oando Plc has soared to record highs from N74 billion in 2023 to N1 trillion as of September 2024, indicating more than...
Nigerian National Petroleum Corporation (NNPC) Limited, Federal Government and Dangote have tricked Nigerians into a new pump price regime in which NNPC’s filling stations in Lagos...
Nigerian National Petroleum Corporation (NNPC) has after several spirited denial own up that the debts it owed international oil traders is a major factor in the...
Nigeria’s Dangote Oil Refinery has begun processing petrol after delays caused by recent crude shortages, an executive said on Monday. The $20 billion refinery on the...
Nigeria Army said it has in conjunction with other sister agencies arrested 22 suspected oil thieves operating illegal oil bunkering in the Niger Delta. There army...
MOSOP has alleged that after 35 years of oil extractions, Shell carted away about $30billion oil operational profits leaving Ogoni in the most horrible environmental disaster...
The Nigerian National Petroleum Company Limited has begun shipment of Liquefied Natural Gas cargoes to Japan and China on a Delivered Ex-Ship (DES) basis. According to...
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, is arranging a project development facility to support Africa’s largest gas-to-methanol plant, with the aim of...
Oil prices rose more than 1% on Friday as U.S. Federal Reserve Bank Chair Jerome Powell signalled interest rate cuts would be among the central bank’s...
The National Oil Spillage Detection and Response Agency (NOSDRA) says plans are underway to enhance its operational effectiveness and internally generated revenue. A statement by Okechukwu...