Nigerian National Petroleum Company Limited (NNPC Ltd.) has at last launched anti ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism. The launch was...
Oil prices plunged around 2% on Friday, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while recession fears clouded the...
Nigeria National Petroleum Corporation, NNPC, has said that it has executed fully termed agreements for the renegotiated PSCs on 12th August 2022. NNPC in a statement...
President Muhammadu Buhari has consented to the Nigerian Upstream Petroleum Regulatory Commission, NUPRC over ruling him and has thus reversed his earlier decision authorising Seplat Energy...
Oil prices rose more than $2 on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas...
Russian oil pipeline flows resumed to Central Europe on Wednesday, ending a six-day halt, after Hungarian group MOL paid transit fees owed to Ukraine, providing a...
Nigeria Agip Oil Company, NAOC’s toxic wastes dumped in Umu-EzeAkpor land in Mgbede Community, Ogba/Egbema/Ndoni Local Government Area of Rivers State is threatening the health and...
Minister of State for Petroleum Resources, Dr Timipre Sylva, has said that the country loses 400,000 barrels of crude daily via oil theft. Sylva said this...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has affirmed that status quo remains in respect to ExxonMobil/Seplat Energy share acquisition. Mr Gbenga Komolafe, Commission Chief Executive...
President Muhammadu Buhari has at last approved the acquisition of the entire share capital of Mobil Producing Nigeria Unlimited by Seplat Energy Offshore Limited. This fact...
UN Secretary General Antonio Guterres has called for oil and gas companies to face special taxes. His comments come as surging energy prices sparked by the...
The Nigerian Navy has handed over a vessel loaded with an unspecified quantity of diesel and five suspects to the Economic and Financial Crimes Commission (EFCC)....
Minister of State for Petroleum Resources, Chief Timipre Sylva said Nigeria is relying on its natural gas to achieve energy transition to cleaner energy and reduced...
Oil prices dropped sharply on Monday as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week’s meeting of...
Deputy Governor of Bayelsa State, Senator Lawrence Ewhrudjakpo, has said that the role of state governments had been deliberately undermined in the Petroleum Industry Act (PIA),...