Browsing Category
Oil & Gas
NNPC affirms right of withdrawals from NLNG dividends
The Nigerian National Petroleum Corporation (NNPC) has shed light on the probe of alleged illegal withdrawal from…
FG to pay oil marketers N236bn subsidy claim next Friday
The Federal Government, on Saturday said it would pay oil marketers N236 billion next Friday, being first tranche…
Reps, Ibori, others lament socio-economic impacts of…
Members of the House of Representatives and other stakeholders including James Ibori, former Governor of Delta…
NNPC, NCDMB to grow Nigerian Content to 70%
The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Content Development and Monitoring Board…
SHIN, Total settle dispute over Egina Deepwater project
Samsung Heavy Industries (SHIN) and Total Upstream Nigeria Limited (TUPNI) have settled out of court the dispute…
Baru seeks investors to unlock 10bn barrels deep-water…
Ongoing drive by the Nigerian National Petroleum Corporation (NNPC) to increase Nigeria’s crude oil reserve was…
Oil prices fall on global growth concerns, US supply…
Oil fell on Wednesday as a swelling supply glut and signs of an economic slowdown weighed on crude prices a day…
OPEC, allies determine to implement price-boosting…
OPEC, the 15-member oil cartel meets today and resolute on implementing price-boosting production cuts to deal with…
NNPC clarifies Trans Forcados Pipeline surveillance…
Management of the Nigerian National Petroleum Corporation (NNPC) has given informed perspective to the reported…
DPR warns LPG operators to adhere to SOP or lose…
Department of Petroleum Resources (DPR) has warned operators of Liquefied Petroleum Gas (LPG) to adhere strictly to…
AEC urges OPEC, others to cut oil production
The African Energy Chamber (AEC) urges the Organisation of the Petroleum Exporting Countries (OPEC) and other key…
Oil price rise above US$61
Prices of Brent Crude is currently trading at US$61.94 as at 11.59 am this morning on oilprice.com higher than its…