PIB: Sylva promises to hold town hall meetings after presidential assent
The Federal Government has disclosed of its resolve to again engage oil producing host communities in the Niger Delta on…
Crude oil will always remain relevant — DPR
The Department of Petroleum Resources (DPR) has said that irrespective of seeming opposition against its continued use, crude oil and…
OPEC daily basket price closes at $72.71 per barrel
The price of the OPEC basket of thirteen crudes stood at $72.71 a barrel on Tuesday, compared with $73.89 the…
NNPC Records ₦234.63bn Revenue From Petroleum Product Sale in March
The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63…
Oil Climbs, Notches Fourth Monthly Gain on Growing Demand
Oil prices edged higher over the weekend, with global benchmark Brent posting a fourth monthly gain, with demand growing faster…
NEITI Accuses ND Western, Shoreline of Over-Reporting Crude Oil Losses
The Nigeria Extractive Industries Transparency Initiative, NEITI, has accused two oil companies, ND Western Limited and Shoreline Natural Resources of…
PIB Abolishes Payment of Gas Flare Penalties to Host Communities
The controversies surrounding the Petroleum Industry Bill (PIB), recently passed by both chambers of the National Assembly seem unending, has…
Nigeria Earns N525bn from LNG, Propane Exports in 3 Months
Nigeria earned N524.928 billion from the export of gas in different forms in the first quarter of 2021, according to…
Oando enters into settlement with Nigeria’s SEC
Oando Plc has entered into a settlement with the Securities and Exchange Commission (SEC) in the overriding interest of the…
Nigeria’s oil output drops 11.47% to 1.343mbpd in Q2 – OPEC
Nigeria’s oil output dropped by 11.47 per cent year-on-year, YoY, in the second quarter of 2021 (Q2’21). But the decline also…