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…
NSCDC arrests filling station manager for illegal bunkering
The manager of a filling station in the Seme area of Lagos, Ashamu Mauhtin, has been arrested along with 16…
Oil merchant wants Anambra govt to build refinery
Petroleum marketing tycoon and chairman of Capital Oil and Gas, Ifeanyi Ubah has advised Anambra State government to facilitate building…
NNPC promises to inject 1.1bn litres of petrol to ease scarcity
To ease the hardship inflicted on Nigerians by the current fuel scarcity, the Nigerian National Petroleum Corporation (NNPC) is to…