Revocation of 11 marginal fields’ licenses imperil $470m investment
Indications are that the revocation of eleven marginal oil field licenses by the Department of Petroleum Resources, DPR under the…
Nigerian Oil, Gas Firms Flare $1.24bn Gas in 12 Months
While end appears not in sight over the high cost of cooking gas in Nigeria, the country continued to…
Why Nigeria’s petrol consumption has increased- MOMAN
The Major Oil Marketers Association of Nigeria, MOMAN has blamed subsidy behind reason for the recent surge in daily consumption…
NAPIMS, NNPC Subsidiary, Spent N63bn on Public Relations in One Year
National Petroleum Investment Management Services (NAPIMS), the investment arm of the Nigerian National Petroleum Corporation (NNPC), spent N62.87 billion on…
NNPC Says it is Financially Stable Inspite of FAAC Remittances
The Nigerian National Petroleum Corporation (NNPC) has insisted that its recent letter to the Accountant General of the Federation (AGF)…
India’s COVID-19 crisis may lead to oil supply glut – Rystad Energy
The steep rise of COVID-19 infections in India will slash global demand for oil, leading to a sizeable glut,…
Crude oil price hits six-week high $68.47
The international oil benchmark, Brent crude, reached its highest in six weeks on Thursday as strong US economic data, a…
Nigeria among world’s top seven gas flaring countries
The World Bank says Nigeria is among the top seven gas flaring countries in the world. The bank revealed this…
OPEC+ Sticks to Plan to Ease Output Cuts From May 1
OPEC, Russia and their allies will stick to plans for a phased easing of oil production restrictions from May to…
NCDMB sets up $20m loan support for women in business
The Nigerian Content Development and Monitoring Board (NCDMB) has announced the setting up of a $20million loan scheme to support…