Oil Workers threaten strike over Agip industrial dispute
By Olisemeka Obeche Oil workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and…
Buhari promises holistic reforms in oil & gas sector
By Olisemeka Obeche President Muhammadu Buhari has assured investors that his administration will implement far-reaching reforms that would boost accountability…
Oil prices tumble as Iran, global powers reach nuclear deal
By Olisemeka Obeche Oil prices tumbled more than $1 on Tuesday after Iran and six global powers reached a landmark…
Nigeria loses N174bn to gas flaring
By Dike Onwuamaeze Nigerian National Petroleum Corporation (NNPC) has said that Nigeria lost up to $868.8 million, about N173.76 billion…
Where are the Greenfield refineries?
Five years after the Federal Government signed an agreement with the China State Construction Engineering Corporation (CSCEC) for the construction…
Oil prices tumble over Greek ‘No Vote’
Oil prices fell sharply early on Monday after Greece rejected austerity measures demanded in return for bailout money and as…
Nigeria earned N14trillion from crude export in 2014 – NNPC
The Nigerian National Petroleum Corporation (NNPC) has said that Nigeria earned $74.512 billion, about N14.902 trillion, from crude oil export…
BP to settle $18.7bn Deepwater Horizon claims
BP has reached agreements in principle to settle federal, state and local US claims related to the Deepwater Horizon incident…
HVI to acquire 60 % of Oando’s downstream business
HV Investments II B.V. (HVI) is set to acquire 60 percent shares of Oando Plc’s downstream businesses for about US$276…
Carmudi scores Nigeria low in cost of fuel
Global consumer demand for petrol has steadily grown, thanks to low oil prices combined with economic growth, according to the…