The Nigeria National Petroleum Company Limited (NNPC Ltd) will begin drilling of the first oil well in Obi/Keana Nasarawa State on March 21. Malam Mele Kyari,...
OPEC has raised its 2023 oil demand forecast by 100,000 barrels per day amid expectations of an economic rebound in China, the world’s largest crude importer....
Oil prices slipped on Monday as investors focused on short-term demand concerns ahead of U.S. inflation data. Brent futures for April delivery fell 30 cents to...
Niger Delta Development Commission, NDDC, has disclosed that it has started moves to resolved the funding challenges that led to the non-payment of contractors by the...
Chairman Owners of Petroleum Products Tank Farms in Ijegun-Egba, Satellite Town, Lagos, Mr. Debo Olujimi has frowned at NIMASA and NPA for charging in dollars, this...
Russia will cut oil production by 500,000 barrels per day, or around 5% of output , in March, Deputy Prime Minister Alexander Novak said on Friday,...
The Defence Headquarters says the troops of Operation Delta Safe and other subsidiary operations have in the last two weeks discovered and destroyed 40 illegal refining...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says five petroleum industry regulations have been gazetted while six others have been finalised and ready for gazetting. Mr...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shortlisted 139 firms that applied for Nigerian Gas Flare Commercialisation Programme (NGFCP). About 300 companies applied to the...
The Nigerian National Petroleum Company Limited (NNPCL) and Daewoo Engineering Construction Nigeria Limited have signed a maintenance service contract for the quick-fix repairs of the Kaduna...
Oil prices fell more than 2% on Friday in a volatile session, after strong U.S. jobs data raised concerns about higher interest rates and as investors...
More than 11,000 Nigerians from the oil-producing Niger Delta have filed a compensation claim against Shell at the London High Court, the latest step in a...
Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices...
The Nigeria National Petroleum Company Limited (NNPCL) says it has taken over the operation of Production Sharing Contract (PSC) assets from Addax Petroleum Development Nigeria Limited....
The Nigerian National Petroleum Company Limited (NNPC Limited) on Tuesday engaged with the oil marketers and security agencies to find ways of addressing the lingering fuel...