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Oil & Gas
Oil majors agree to only deal with suppliers that…
Some of the world’s leading oil companies BP, Equinor, Shell and Total have signed a pact that will ensure they…
NNPC urges oil workers to exercise restraint on strike
The group managing director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has urged oil…
NNPC records ₦17.16bn trade surplus, up 46% in April
The Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading…
Two middlemen found guilty over Nigeria’s $1.3bn oil…
A court in Milan, Italy has found Nigeria’s Emeka Obi and Italian’s Gianluca Di Nardo guilty of corruption in a…
NNPC explains contractor-financing model
The Nigerian National Petroleum Corporation (NNPC) has explained why it resorted to contractor-financing of its…
What could have ignited this buying spree for West…
After long periods of overhang, there is a sudden rush for West African crude grades raising new trading…
Nigeria’s natural gas market fundamentals strong amid…
The fundamentals underpinning Nigeria’s natural gas market remain strong but investor confidence is waning because…
OPEC’s expectations highlight threat to oil demand
Latest report from Organization of Petroleum Exporting Countries (OPEC) reveals that several oil producers led by…
’We resorted to contractor-financing of pipeline…
The Nigerian National Petroleum Corporation (NNPC) has explained why it has resorted to contractor-financing of its…
Malabo oil deal: Shell & Eni face corruption trial…
An Italian court in Milan is set to resume corruption trial against executives of two oil giants (ENI and Shell)…
Dwindling active oil rig count, reserves tell sector’s…
Nigeria’s active rig count contracted in August and its oil reserves replacement ratio has been abysmal in the…
NNPC petrol stations to run on solar
Nigeria’s state oil company – the Nigerian National Petroleum Corporation (NNPC), has said all its retail outlets…