Dwindling revenue: Nigeria turns to Europe to sell crude
As the United States continues to show less interest in Nigeria’s crude oil, there seem to be more attraction from…
Cameroon’s oil production hits 100,000 bdp
Cameroon’s oil production has hit 100,000 barrels per day and is expected to hit 57 million tons in 2016 up…
Seplat confident of better days
Seplat Petroleum Development Company Plc has assured its shareholders to expect better days because the huge investments it has made…
Lingering oil price slump: Nigeria faces tough times
Experts say Nigeria faces tough times ahead as the lingering oil production tussle between the United States of America and…
ExxonMobil announces plans to raise production
ExxonMobil has announced plans to raise its oil production to 4.1 million oil-equivalent barrels per day, driven by 7 percent…
Four oil thieves bag 24 years jail term
A Federal High Court in Lagos yesterday convicted and sentenced four men to a prison term of 24 years for…
JTF recovers 4.2m litres of oil from Crude oil thieves
No less than 4.2million litres of stolen crude oil have been recovered by the Joint Task Force (JTF) in the…
Corruption saga: Allison-Madueke denies plans to flee Nigeria
Embattled Petroleum Resources Minister, Mrs Diezani Alison-Madueke has dismissed speculations that she was planning to flee the country to escape…
FAAC launches probe of N295bn NNPC Unremitted Fund
Members of the Federation Account Allocation Committee (FAAC) has kick-started a probe aimed at uncovering the mystery surrounding the delay…
Nigeria’s oil production, revenue declines further in March
Nigeria’s oil revenue plunge may have taken a turn for the worst as it recorded highest drop in its crude…