The making of a New PIB
With the recent proactive measures by President Muhammadu Buhari’s administration to fine-tune the draft of the troubled Petroleum Industry…
FG talking to oil groups and banks to finance new drilling and repay debt
The federal government of Nigeria is in talks with oil majors and banks to raise capital for new drilling and…
Oil price tumbles amidst OPEC’s cooperation call
Crude oil prices tumbled again on the international market Monday, eroding last week’s gains, even as OPEC called for co-operation from…
OPEC to hold emergency meeting over Oil price crash- Kachikwu
The Organization of Petroleum Exporting Countries (OPEC) is expected to hold an extraordinary meeting in “early March” to address the…
Oil slides to 11-year low on tumultuous Chinese market
Brent crude futures fell to a fresh 11-year low on Thursday as a sliding yuan and an emergency halt in…
Nigeria’s crude oil export dips by N4.4trn in 9 months
A sharp decline was recorded in revenue accruable to the Federal Government from the petroleum sector, as the country’s earnings…
Nigeria refineries producing 6.8m liters of petrol daily, says NNPC
Nigeria’s revitalized refineries have started producing over 6.76 million litres of petrol daily, the Nigerian National Petroleum Corporation (NNPC) announced Tuesday.…
Oil workers reject re-drafted PIB
Controversies trailing the long-standing Petroleum Industry Bill (PIB) have resurrected once more as workers in Nigeria’s three petroleum regulatory agencies…
NUPENG blames security agents, others for continuing fuel supply hitches *vows to resist subsidy removal without TAM on refineries
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has blamed the lingering fuel scarcity in parts of the…
Oil price conundrum: Kachikwu seeks African front on petroleum exporting
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has urged member countries of the African Petroleum Producers Association (APPA) to…