Oil price drops to $72.39 as OPEC increases production
Brent, the crude against which Nigeria’s oil is priced, dropped in price on Monday morning following the agreement reached by…
PIB will take care of host oil communities, secure environment — Buhari
President Muhammadu Buhari says t the Petroleum Industry Bill (PIB) will take care of agitations by host oil communities and…
OPEC+ resolves impasse, to boost production by 400,000bpd
After over a two-week stalemate, the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, yesterday resolved…
Supreme Court stops FG from ceding 17 oil wells to Imo
The Supreme Court on Wednesday restrained the Federal Government and its agencies from ceding 17 oil wells to Imo State.…
Sylva Affirms Oil, OPEC’s Place in Future Energy Mix
The Minister of State for Petroleum Resources Chief Timipre Sylva has said that oil will not lose its place in…
PIB: Marketers, TUC oppose Senate provision limiting fuel imports to refiners
Fuel marketers and the Trade Union Congress of Nigeria, on Tuesday, expressed their opposition to a provision in the Senate…
Oil and Gas Unions Threatens FG Over Release of Kidnapped Member
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, along with its mother union, the Trade Union Congress,…
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…