Nigeria earned N2.5trn from oil in 3 months, says NBS
Nigeria earned about N2.512 trillion from crude oil exports between April and June 2015, according to latest statistics released by…
NNPC shuts Warri Refinery over vandalism
Barely a month after it resumed production, the Warri Refining and Petrochemical Company Limited (WRPC) has been shut down again,…
NNPC opens fresh tender for crude oil term contract
President Muhamadu Buhari has approved a tendering process for the 2015/2016 Crude Oil Term Contract and the evacuation of Nigeria’s…
Buhari terminates NNPC crude swap deals
President Muhammadu Buhari has taken a step further in the ongoing reforms in the oil industry with the cancellation of…
NNPC boss endorses deregulation of petroleum downstream
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr Emmanuel Ibe Kachikwu has reiterated the urgent need for…
Facts behind Mobil Oil Nigeria’s H1 result
In spite of a 25 per cent decline in turnover to N31.8 billion during the half year (H1) ending June…
Shell confirms multiple spills in Bayelsa
Shell Petroleum Development Company (SPDC) has confirmed multiple spills from its pipeline network in Ikarama oil fields in Yenagoa Local…
Nigerian Navy destroys 78 illegal refineries in Rivers State
The Nigerian Navy Ship says it has destroyed well over 78 illegal refineries operating in the creeks of Rivers state…
Buhari seeks greater participation of indigenous players in oil and gas
President Muhammadu Buhari has assured indigenous companies operating in Nigeria’s oil sector of his administration’s full support and protection. Buhari…
Oil dependent countries burn billions as global axis of power shifts
With Brent crude at $50 a barrel, energy giants are fighting to keep their place at top table. Saudi Arabia…