Niger Delta Development Commission, NDDC, has said that from 2024 it would reduce the number of beneficiaries of its foreign post graduate scholarship following the increasing...
The average retail cost for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) saw a month-on-month rise of 14.04%, rising from N9,247.40 in September...
Italy’s Eni has temporary halted arbitration regarding an oilfield dispute with the Nigerian government, buying time to discuss a conversion of the licence from prospecting to...
Brent crude futures climbed more than 2%, gaining $2 a barrel on Monday as further supply cuts in OPEC+ production are expected in the coming weeks....
Nigeria is withdrawing civil claims totalling $1.1 billion against energy producer Eni SpA, Bloomberg News reported on Thursday. Nigeria’s justice ministry will waive the claims before...
Azikel Petroleum Refinery has signed a $259m debt funding facility with the African Export-Import Bank for the Azikel Refinery Project located in Gbarain, Bayelsa State. The...
OPEC has said that oil market fundamentals remained strong and blamed speculators for a drop in prices as it slightly raised its 2023 forecast for global...
The U.S. Treasury Department has sent notices to 30 ship management companies requesting information for more than 100 vessels it suspects of transporting Russian crude oil...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said out of a total mineral revenue of N6.40 trillion, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) accounted for...
Nigeria Liquefied Natural Gas Limited (NLNG), says the company has not increase the price of Liquefied Petroleum Gas (LPG). Mr Andy Odeh, General Manager, External Relations...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is reviewing novel regulations aimed at ensuring regulatory clarity and compliance by licensees and permit holders, to maintain ethical...
Nigerian National Petroleum Company Limited (NNPC Ltd.) has said that the lingering conflict between Russia and Ukraine has impacted Nigerian crude oil inflows in the international...
Nigeria’s state oil firm NNPC Ltd said it had launched a new grade of crude called Nembe, as Africa’s largest oil producer aims to ramp up...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it is collaborating with the Nigeria Extractive Industries Transparency Initiative (NEITI) and other stakeholders to reconcile alleged...
Troops of “Operation Delta Safe’’ uncovered and destroyed 96 illegal refining sites and apprehended 57 suspected oil thieves in the Niger Delta in the last one...