Chinazor Megbolu Towards curbing the menace of Covid-19 pandemic in Nigeria, the Nigerian National Petroleum Corporation (NNPC) and…
View More NNPC, 31 Others boosts Covid-19 Fund with $30m
Category: Oil & Gas
LASEMA asks public to be cautious around pipeline leakage to avert explosion
The Lagos State Emergency Management Agency (LASEMA), has urged members of the public to proceed with extreme caution in…
View More LASEMA asks public to be cautious around pipeline leakage to avert explosion
Covid-19: IPMAN restates commitment to steady fuel supply
Chinazor Megbolu The Independent Petroleum Marketers Association of Nigeria (IPMAN) has restated its commitment towards steady supply of petroleum…
View More Covid-19: IPMAN restates commitment to steady fuel supply
Budget: FG slashes oil benchmark to $30 per barrel
The Federal Government has proposed the reduction of oil benchmark, upon which the 2020 budget was predicated, from $57…
View More Budget: FG slashes oil benchmark to $30 per barrel
DPR daily operation involves ascertaining accuracy of dispensing pumps
The Department of Petroleum Resources (DPR) says one of its daily operations was to ascertain the accuracy of dispensing…
View More DPR daily operation involves ascertaining accuracy of dispensing pumps
Oil: Prices regain some ground but still very low
Oil prices regained some ground in volatile Asian trade on Monday but remained at multi-year lows due to the…
View More Oil: Prices regain some ground but still very low
Crude reality: price crash means oil firms must slash spending
Confronted with a dizzying drop in prices, oil firms face a real challenge as they try to cut investment spending…
View More Crude reality: price crash means oil firms must slash spending
Nigerian crude: Coronavirus triggers glut
A glut of unsold, high-quality Nigerian crude continues to build up with weak global demand caused by coronavirus and…
View More Nigerian crude: Coronavirus triggers glut
Senate may revisit Petroleum Industry Bill
The Nigerian Senate is to revisit the Petroleum Industry Bill (PIB) and the Investment and Securities Act (ISA), Bill.…
View More Senate may revisit Petroleum Industry Bill
15 Oil thieves bag three years jail term
Chinazor Megbolu Not less than 15 men comprising of indigenes and foreigners bagged three-year jail terms for oil theft.…
View More 15 Oil thieves bag three years jail term
Nigeria loses $1.7bn to gas flaring
Chinazor Megbolu Nigeria has lost $1.7 billion as a result of gas flaring in the country. The loss came…
View More Nigeria loses $1.7bn to gas flaring
FG considers reducing petrol pump price
Abiodun OBA | The Minister of State, Petroleum Resources, Mr Timipre Sylva, said the Federal Government is working on…
View More FG considers reducing petrol pump price
Oil changes course in Asian afternoon trade as prices jump almost 4%
Oil abruptly changed course in Asian afternoon trade, with West Texas Intermediate rising four percent to $33 a barrel and…
View More Oil changes course in Asian afternoon trade as prices jump almost 4%
Threat of flood of cheap supply compounds oil slump
The slump in oil is being compounded by the threat of a flood of cheap supply as Saudi Arabia…
View More Threat of flood of cheap supply compounds oil slump
OIL: Price fluctuation, clear warning to diversify – Niger Governor
Niger State Governor and Chairman, North Central Governors’ Forum, Abubakar Sani Bello, has said the constant fluctuation of crude…
View More OIL: Price fluctuation, clear warning to diversify – Niger Governor
Oil Price crash came as a shock, says FG
Chinazor Megbolu | The Federal Government of Nigeria has said the oil Price crash on Monday came as shock to…
View More Oil Price crash came as a shock, says FG
OIL: After dizzying losses, Stocks, oil rebound
Global stocks and oil prices rebounded Tuesday on hopes of US economic stimulus efforts as the coronavirus rages,…
View More OIL: After dizzying losses, Stocks, oil rebound
Two key LNG projects likely to be delayed
The decision by the government of Papua New Guinea (PNG) to halt talks with ExxonMobil about the state’s…
View More Two key LNG projects likely to be delayed
Oil: Buhari, Emefiele, Kyari, others meet — Price crashes to $33, loses $11 in hours
The President, Major General Muhammadu Buhari (retd.) and officials dealing with government finances on Monday, met in Abuja. Those…
View More Oil: Buhari, Emefiele, Kyari, others meet — Price crashes to $33, loses $11 in hours
$2.571b Gas Project: Ganduje commends FEC
The Federal Government has been commended on the Executive Council’s $2.571b approval for the Ajaokuta-Kaduna-Kano Gas project. Kano State Governor…
View More $2.571b Gas Project: Ganduje commends FEC