FG halts refineries’ privatisation
The Federal Government has halted its plan to privatise Nigeria’s refineries following demands by the Nigerian National Petroleum Corporation (NNPC)…
Nigeria’s Oil Production Drops
Nigeria’s crude oil production has continued to drop despite the Organization of the Petroleum Exporting Countries, OPEC, additions to the…
Nigeria’s oil production output drops to 1.48mbpd in June
Despite rising oil prices and opportunities for improved earnings, Nigeria’s capacity to take advantage of the rally remains undermined by…
DPR Gives Lagos Fuel Station Owners 3 Months to Renew Licences
The Department of Petroleum Resources, DPR, has given Lagos zone fuel station owners three months – July to September –…
President Buhari to Receive PIB Next Week – Senate
The Senate Committee on Petroleum (Upstream) has assured that the harmonisation of the Petroleum Industry Bill, PIB, by both chambers…
Oil, Gas Conference to solve challenges in energy transition – NNPC
The Nigerian National Petroleum Corporation (NNPC) has expressed optimism that the country would soon find a solution to the challenges…
NNPC commits to ensuring energy sufficiency, wealth creation for Nigerians
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to…
Nigeria, OPEC kick against plans to end fossil fuels investment
Vice President, Yemi Osinbajo, the Organization of the Petroleum Exporting Countries (OPEC), Nigeria National Petroleum Corporation (NNPC), Department of Petroleum…
Oil inches towards $80 after OPEC+ calls off output talks
Oil prices continued an upward trend after talks collapsed among ministers from OPEC+ — consisting of the Organisation of the…
OPTS Identifies Areas of Urgent Attention to Strengthen Nigerian Content
The Oil Producers Trade Section has identified security, legislature, fiscal regime, funds and infrastructural deficits as areas that need urgent…