Nigeria oil output 1.6m to1.7m bpd, in line with OPEC cut – NNPC
NNPC towers Nigeria is producing 1.6 million to 1.7 million barrels per day (bpd) of crude oil, the chief operating officer of the Nigerian National […]
Crude oil
14 companies bid for OML 119 redevelopment financing- NNPC
14 companies bid for OML 119 redevelopment financing- NNPC By Edith Ike-Eboh The Nigerian National Petroleum Corporation (NNPC) says it has publicly opened bids from […]
Nigeria now world capital of Oil theft – NNRC
A report by the Nigeria Natural Resource Charter (NNRC) has revealed that the highest ever reported crude oil theft in the world has taken place […]
FEC approves N727b NASS increment on 2020 Budget
Augustine Ehikioya, Abuja The Federal Executive Council (FEC) on Monday accepted the increase in the Medium Term Expenditure Framework (MTEF) by the National Assembly […]
Nigeria Plans New Oil Cut In Line With OPEC Pact
The Nigerian National Petroleum Corporation, NNPC, has indicated interest to effect further cut in Nigeria’s oil output in line the Organisation of Petroleum Exporting Countries, […]
Reps launch investigation on crude oil theft in Nigeria
The House of Representatives, has set up an Ad hoc committee to launch an investigation into the level of alleged crude oil theft in Nigeria. […]
Global Oil Price Slumps To $61 After Unexpected Rise In Inventories
Crude oil prices Wednesday fell for third day on worries that fuel demand could fall after United States President, Donald Trump, doused recent optimism over […]
Oil Prices Shoot Above $64
Oil rose further above 64 dollars a barrel on Monday, supported by doubts about how quickly Saudi Arabia can restore output after a crippling attack […]
Shell Deploys Aerial Cameras To Track Spills, Crude Theft
Shell Petroleum Development Company of Nigeria Limited (SPDC) said it has deployed high definition (HD) cameras for quick detection and response to crude oil spills […]
Oil Prices Rises By 20% On Drone Strike On Saudi Arabia
Crude oil prices have surged more than 19 per cent after a drone strike on a Saudi Arabian oil facility wiped out about five per […]
Oil Price Slumps To $59 After OPEC’s Talks
Oil prices fell Thursday after a meeting of the Organisation of Petroleum Exporting Countries (OPEC) and its allies took no decision on deepening supply cuts […]
Tension in Delta Community As Explosion Rocks NNPC Trunkline
There is palpable tension right now at Otu-Jeremi Town in Ughelli South Local Government Area of Delta State following an explosion which gutted the Abura […]
Nigeria Amongst Top Three Suppliers Of India’s Oil
Nigeria improved its ranking by a notch and emerged as the third-biggest oil supplier to India in July, replacing Venezuela, which dropped to number four. […]
Non-oil sector is last line of defence for Nigerian economy – NEC
By Abdullahi Muhammed The National Economic Council NEC has identified the non-oil sector as the last line of defence for the Nigerian economy. Briefing State […]
NNPC, Turkey to strengthen trade relations
NNPC, Turkey to strengthen trade agreement By Edith Ike-Eboh The Nigerian National Petroleum Corporation (NNPC) has expressed its desire to extend Nigeria’s trade relations with […]