Marginal field produced 19 million oil barrels, says NDEP
Niger Delta Exploration & Production Plc, an indigenous oil and gas production, says it has recovered over 19 million barrels…
FG urged to deregulate the downstream petroleum sector in a sustainable manner
The federal government has been urged to embark on the deregulation of the country’s downstream petroleum sector in a manner…
Breaking News: President Buhari to send long-awaited Petroleum Industry Bill to Senate
President Muhammadu Buhari has signed a long-awaited oil-reform bill and it will be formally presented in the Senate as early…
Nigeria flared more gas than supplied to industries in one year
The Nigerian National Petroleum Corporation (NNPC) has disclosed that between July 2019 and July 2020, Nigeria flared more gas than…
Tanker owners halt strike as NNPC, DSS intervene
The Nigerian Association of Road Transport Owners has suspended the two-day warning strike which it commenced on Tuesday. It halted…
Foreign investors losing confidence over delayed PIB- NNPC GMD
Foreign direct investment into the oil and gas sector will fail to materialise due to the delay in the passage…
OPEC+ asked to extend compensation period for overproduction
Countries severely affected by the production cuts limits put in place by the Organisation for Petroleum Exporting Countries (OPEC) are…
Oil drops to $41 as economic outlook dims
The international oil benchmark, Brent crude, declined by about five per cent on Monday, as rising coronavirus cases stoked worries…
FG slashes JV cash calls
Amid the coronavirus-induced sharp drop in its revenues, the Federal Government reduced its spending on oil and gas assets being…
FG spent N8.94tn for petrol subsidy in 10 years, says PPPRA
The Federal Government spent N8.94tn on petrol subsidy between 2006 and 2015, figures released by the Petroleum Products Pricing Regulatory…