No fuel price increase in June – Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva has issued an assurance to the public that the Federal…
Shareholders Approve Seplat’s Change of Name to Seplat Energy Plc
Shareholders of Seplat Petroleum Development Company Plc yesterday approved the change of the name of the company to Seplat Energy…
Average price of kerosene, cooking gas in Nigeria increased in April – NBS
The National Bureau of Statistics (NBS), says the average price per litre paid by consumers for National Household Kerosene increased…
DPR Pushes for 30% Reduction in Oil Production Cost
The Director for the Department of Petroleum Resources, DPR, Sarki Auwalu has said a 30 percent reduction in oil production…
Oil hits two-month high as Europe and U.S. reopen economies
Oil rose to hit $70 a barrel for the first time since March before paring gains, lifted by expectations of…
Shell Plans to Divest From Nigeria Onshore Oil Stakes
The Royal Dutch Shell is in talks with the Nigerian government to sell the Anglo-Dutch company’s stake in onshore oilfields,…
ERA Raises Alarm Over Spill Impact From Agip Facility in Bayelsa
The Environmental Rights Action/Friends of the Earth Nigeria, ERA/FoEN, has raised the alarm over frequent oil spills…
“$1.6bn IOC’s Remittance Shouldn’t be Released to NDDC” – Group
The Economic and Financial Crimes Commission (EFCC) has been urged not to release the $1.6 billion statutory remittance made by…
EIA Releases New 2021 and 2022 Oil Price Forecasts
The U.S. Energy Information Administration (EIA) has kept its Brent spot price averages for 2021 and 2022 flat in its…
NNPC Finalizes Winners of 2-Year Crude Oil Contracts
Nigeria has finalised the list of companies and countries that will take its coveted crude oil cargoes through 2023.…