The Senate has constituted a 13-member ad hoc committee to investigate suspected crude oil theft and its impact on the economy. President of the Senate Ahmad...
The National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company (NNPC) Ltd., has declared a profit before tax of N4.31 billion...
TotalEnergies Nigeria has announced the winners of the third edition of its Startupper of the Year Challenge designed to support young entrepreneurs in Nigeria and other...
The Organisation of the Petroleum Exporting Countries (OPEC) said Nigeria’s crude oil production declined to an average of 1.354 million barrels per day in March. OPEC...
Italian parent company to Nigerian Agip Oil Company (NAOC), Eni has said the damage inflicted on its 24 inch gas line at Okaka in Yenagoa has...
Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on plans to release record volumes of crude and oil products...
Operatives of the Uyo Zonal Command of the Economic and Financial Crimes Commission have commenced investigations of a suspected illegal petroleum dealer handed over to them...
Senate has asked the Nigerian Upstream Petroleum Regulatory Commission, (NUPRC) to as a matter of urgency, stop all foreign companies lifting crude oil with their tankers from Nigeria...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday blamed private depot owners for the hike in the pump price of Premium Motor Spirit (PMS)...
Oil prices dropped on Tuesday, extending losses from the previous day on signs of progress in talks between Russia and Ukraine to end their weeks-long conflict,...
China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a...
The Nigerian National Petroleum Company Ltd. (NNPC) says there is over 1.6 billion litres of Premium Motor Spirit (PMS) available for nationwide distribution. Malam Mele Kyari,...
The Federal Government says it is determined to stop the economic devastation occasioned by the activities of illegal refiners, pipeline vandals and crude oil thieves in...
Crude prices slide 2% on Thursday as the United States and its allies discussed a possible further coordinated release of oil from storage to help calm...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assembled a team of experts to carry out thorough auditing of activities of operators in the upstream petroleum...