Confusion Over Nigeria’s Actual Daily Petrol Consumption
There is a need for stakeholders and agencies in the petroleum sector to harmonise their figures to reach acceptable statistics…
Group Petitions President Buhari to Prosecute Shell, Eni Over OPL 245.
President Muhammadu Buhari has been asked to ensure that oil giants, Shell and Eni face prosecution in Nigeria. Shell and…
“Accelerating Ogoni cleanup is our major challenge” – SPDC JV
The Shell Petroleum Development Company Limited Joint Venture, has said that funding for the Ogoni cleanup project was not a…
Barkindo hints OPEC+ cuts to last well into 2022
In response to the global crisis and the massive oil demand contraction, Secretary-General of the Organization for the Petroleum Exporting…
NNPC to Resumes Oil Exploration in Sokoto Basin
The Nigerian National Petroleum Corporation on Thursday announced plans to resume active oil exploration in Sokoto Basin. A statement issued…
Oil Prices Drop Over Mixed Supply and Demand Outlook
Oil prices edged lower on Friday on rising supplies from major producers and concerns over a mixed picture on the…
Despite 13% derivation, Niger Delta grossly under-developed – CSOs
Civil Society Organizations in Rivers State, have regretted that the Niger Delta region has remained under-developed despite several interventions, including…
NNPC signs $1.5bn contract for rehabilitation of PH Refinery
The drive by the Management of the Nigerian National Petroleum Corporation (NNPC) to boost in-country refining capacity was bolstered on…
Addax Petroleum Loses Four OMLs as FG Revokes, Reassigns Lease
There are indications that the Federal Government has revoked and reassigned four Oil Mining Leases OMLs belonging to Addax Petroleum…
$1.5bn PH Refinery Rehabilitation Unacceptable — House of Reps Caucus
The Minority Caucus in the House of Representatives has faulted a move to spend $1.5 billion for rehabilitation of the…