Oil price slump ‘stall’ SWF funding
The Federal Government’s contribution to the Sovereign Wealth Fund (SWF) has stalled due to crude oil price slump in the…
FG may build new refineries, says NNPC GMD
The Federal Government is considering the idea of establishing new refineries for optimal performance of the oil sector, the Group…
NNPC commences recovery of $9.6bn debt owed Nigeria
The Nigerian National Petroleum Cooperation (NNPC) says it has begun the process of recovering over $7 billion in over-deducted tax…
NNPC boss issues Warri refinery 90-day resumption ultimatum
The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu has issued a 90-day ultimatum to…
Shell announces Q2 interim dividend payments
The Board of Royal Dutch Shell Plc today announced the pounds sterling and euro equivalent dividend payments in respect of…
Bunker prices falling close to $200, nearing 10-year low
Global bunker fuel prices have continued to nosedive as they closed in on the $200-per metric tonne (pmt) mark, falling…
Ex-depot price of petrol drops as oil price crashes
The slump in the price of crude oil in the international market has forced oil marketers to reduce the price…
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…