Browsing Category
Oil & Gas
NNPC deploys latest seismic data gathering technology in…
The Nigerian National Petroleum Corporation (NNPC) has embarked on a more rigorous exploration of the Gongola and…
Oil declines as OPEC members boost output, U.S. rig…
Oil declined as OPEC members added supply and U.S. producers increased drilling, threatening to compound a global…
Oil production to jump 22% by year end – Kachikwu
Petroleum minister Ibe Kachikwu has said on Monday that oil production rates are expected to jump by 22% to 2.2…
Oil prices fall on latest rise in US drilling
Oil prices fell early on Monday, pulled down by a rising rig count in the United States, record OPEC-output, and…
14 ships discharge petrol, others
Fourteen ships are currently discharging petroleum products and other commodities at Apapa and Tin-Can Island ports…
International oil prices dip on production cut doubts
International oil prices dipped on Friday over doubts that a planned cut in crude production could be achieved on a…
FG solicits US, UK, Italy legal assistance on Malabu oil…
Federal Government is soliciting for mutual legal assistance from the United States, Italy and the United Kingdom…
‘Downstream petroleum sector reforms to address energy…
Ongoing reforms in the downstream petroleum sector will among other things address the Nigeria energy export and…
Oil prices fall on higher OPEC output, rise in US crude…
Oil prices fell on Thursday after OPEC said its production had risen to the highest level in at least eight years…
Oil drops below $50 as concerns emerge over OPEC…
Oil fell for a third day as doubts emerged over whether OPEC’s agreement to cut crude output would succeed in…
Tanzania, Congo sign deal for joint oil exploration
Tanzania and the Democratic Republic of the Congo have signed a memorandum of understanding for joint exploration…
Saudis leave Istanbul with Russia pledge, OPEC disputes…
OPEC’s most senior official talked up Russia’s commitment to joining efforts to limit oil production even as the…