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…
Pipeline surveillance deal: Fasheun, Dokubo, others issue FG 14 days ultimatum to NNPC
The founder of the O’dua People’s Congress, Dr. Fredrick Fasehun; a former Niger Delta militant leader, Mujahid Dokubo-Asari; and four…
Oil prices fall in early trade
Oil prices fell in early Asian trading on Monday as Japan’s economy contracted on the back of falling exports and…
NEITI ready to help NNPC in tracing NLNG’s unremitted $11.6b
The Nigerian Extractive Industries Transparency Initiative (NEITI) has pledged to assist the new management of the Nigeria National Petroleum Corporation…