Port Harcourt Refinery to Operate at 90% Capacity after Rehab – NNPC
The Port Harcourt Refining Company will operate at 90 percent capacity after the ongoing rehabilitation of the refinery, the Nigerian…
OPEC+ Stumbles, But an Eventual Compromise May be Bearish for Crude: Russell
The OPEC+ group of oil exporters is struggling to reach a compromise over just how much more crude to supply…
PANDEF seeks reversal of PIB, insists on 10% for host communities
The Pan-Niger Delta Forum (PANDEF), yesterday, demanded a reversal of the Petroleum Industry Bill (PIB) as passed by the National…
Nigeria loses N4.5trillion to oil thieves, suffers 4,919 oil spills
Nigeria recorded 4,919 oil spills between 2015 to March 2021 and lost N4.5 trillion to oil theft in four years,…
Oil prices stagnate as OPEC+ continues negotiations
Oil prices have hardly moved at the start of the week, as a cautious market awaits stalling talks between the…
Analysis: Oil Companies Bet on $100 a Barrel as They Rush to Sell Assets
Oil companies are betting that if they sell land, buyers will come, as crude prices have soared more than 50%…
The Benefits of the Passing of Nigeria’s Petroleum Industry Bill Tops Agenda at African Energy Week 2021
The Nigerian Senate has officially passed the long-awaited Petroleum Industry Bill (PIB) on Thursday the 1st of July 2021, after…
‘13 percent oil derivation for N/Delta states not enough’
The Minority Leader, House of Representatives, Mr. Ndudi Elumelu, has described as injustice the 13percent oil derivative formula given to…
NNPC will borrow to buy 20% stake in Dangote Refinery, says GMD
Mele Kolo Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) has justified the plan to buy…
Nigeria’s oil production falls by 6.32% in 3 months
Crude oil production in Nigeria fell by 6.32 percent to 1.344 million barrels per day in May, 2021 compared to…