Browsing Category
Oil & Gas
NNPC kick-starts retail outlets expansion project
Nigerian National Petroleum Corporation (NNPC) has commenced nationwide consultation with stakeholders aimed at…
DPR seals 7 petrol stations, orders marketer to dispense…
The Department of Petroleum Resources (DPR), Warri Zonal Office, on Saturday sealed seven petrol stations for…
Nigeria loses $1bn annually to unpaid gas flare fines
Despite its current struggle to consolidate on existing revenue structures and explore new ones in the face of…
Oil price tumble hits jobs and capital expenditure
Oil prices tumbled to within a whisker of $30 a barrel on Tuesday, extending a savage New Year sell-off as BP axed…
Banks scramble for a piece of Saudi Aramco IPO
The world’s biggest investment banks are pulling out the stops to win part of the listing of Saudi Arabia’s…
Oil price to plunge further on higher dollar value
An increase in value of the United States of America currency, the dollar, could further cause the price of crude…
Desperate OPEC seeks urgent meeting
OPEC will soon make efforts to convene before the next scheduled meeting in June, as the slump in oil prices is…
Oil price needs more than Middle East crisis for…
Usually, when geopolitical tension erupts amongst the oil producing countries, the oil price surges as investors…
Oil prices fall for sixth day as recovery hopes wane
Oil prices fell for a sixth session to trade at almost 12-year lows on Monday as concerns about China's economic…
FG to close down fuel stations selling above official…
Following growing concerns about petrol stations selling products above government set prices and worsening a…
Epic seals pact with Chiron to build 107,000bpd refinery…
Epic Refinery Group, a private Nigerian-owned refinery to be located in Okporoma, Southern Ijaw Local Government of…
Oil down 10 percent after five-day drop; Goldman says…
Oil fell for a fifth straight day on Friday, losing 10 percent on the week, and Goldman Sachs said more losses were…