The UK Supreme Court ruled on Wednesday that it was too late for Nigerian claimants to sue two Shell subsidiaries over a 2011 offshore oil spill...
Senate has begun probe of the Niger Delta Development Commission, NDDC over alleged unauthorised spending by Niger- Delta Development Commission (NDDC) for 2021 and 2022 budget estimates....
Transcorp Power Limited, Nigeria’s leading power generation company, located in Ughelli Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the...
Edo Refinery and Petrochemicals Company Limited (ERPC), has placed order for 200,000 barrels of crude from Oza Oil Field operated by Decklar Resources Inc and Millenium Oil...
Oil prices continued its up and down movement in the international oil market thus putting Nigeria economy under stress. Nigeria earns its revenue and foreign exchange...
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the commission will continue to support indigenous oil companies to grow, especially with the right policies and regulations. Mr...
Permanent Secretary, Ministry of Petroleum Resources, Mr Gabriel Aduda, says resilience and sustainability policies are crucial for the long-term success of energy companies operating in Africa.Aduda...
Group Chief Executive Officer, Nigerian National Petroleum Company Ltd. (NNPCL) Mr Mele Kyari, has called on African countries to take advantage of the implementation of the...
Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas...
Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas...
Oil prices gained about 2% on Friday after U.S. data showed crude output was declining while fuel demand was growing. Brent crude futures rose $1.16, or...
The Organisation of the Petroleum Exporting Countries (OPEC) has called on the International Energy Agency (IEA) not to further undermine the oil industry investments. OPEC Secretary-General,...
Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has called for a transparent metering system to ascertain the actual volume of crude oil leaving every flow...
The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has so far spent over 1.1 billion dollars on the ongoing construction of the Ajaokuta-Kaduna-Kano (AKK)...
Global diesel margins have slumped by about half since February, dragging on refiners’ profits, as Russian exports continue despite sanctions, helping output from China and India...