Fuel Crisis: Oil, gas suppliers seek forex interventions, tax reviews
The Natural Oil and Gas Suppliers’ Association of Nigeria (NOGASA) has called for foreign exchange interventions as well as the…
Barkindo’s death is a profound loss to us, oil industry, int’l community — OPEC
The Organization of Petroleum Exporting Countries (OPEC) has described the sudden death of the Secretary-General of the organization (OPEC), Dr.…
NLNG boss warns of harmful effects of illegal oil refining
Philip Mshelbila, Managing Director and Chief Executive Officer, Nigeria LNG, has warned of the harmful effects of illegal oil bunkering…
FEC approves N22.44bn for projects in Petroleum, Environment Ministries
The Federal Executive Council (FEC) has approved a total sum of N22.449 billion for projects in the Ministries of Petroleum…
NLNG hit by crude oil theft, pipeline sabotage, output shrinks
Nigeria LNG (NLNG) plant is producing at up to 68% of its capacity due to theft of crude oil and…
Oil bulls retreat as economic outlook darkens
Investors continued to liquidate bullish long positions in petroleum last week as the economic outlook deteriorated though the rate of…
Nigeria to pump 1.82mbpd as OPEC+ sticks with August hike
The Organization of Petroleum Exporting Countries and its allies, (OPEC+), yesterday, agreed to proceed with a 648,000 b/d increase in…
Nigeria sell $1bn worth of gas to Portugal – NNPC boss
The Nigerian National Petroleum Company (NNPC) Limited says it has sold $1 billion worth of natural gas to Portugal this…
Shell suspends sale of Nigerian onshore oil assets
Shell Petroleum Development Company of Nigeria Ltd (SPDC), yesterday, said it had suspended plans to sell its onshore oil assets…
OPEC Quota: Upstream regulator moves to revive 3,000 shut-in oil strings
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has inaugurated the Project Committee on Reactivation of shut-in strings (inactive oil wells)…