There was confusion in parts of Ughelli in Delta State on Sunday as an explosion rocked a pipeline belonging to Nigerian Petroleum Development Company (NPDC). Though security operatives believed that Continue Reading
Kachikwu sees crude rising just above $50 if deal is reached Producers due to meet on Nov. 30 to allocate output quotas As OPEC prepares for talks on eliminating a Continue Reading
A division of Exxon Mobil announced Wednesday it started drilling its first well targeting reserves off the coast of Liberia. Exxon’s Liberian affiliate is working on developing the Mesurado-1 exploration Continue Reading
The Federal Government has warned the people of Niger Delta region that the destruction of oil facilities will ultimately destroy their livelihoods, aspirations and future. Vice President Yemi Osinbajo gave Continue Reading
Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, yesterday, stated that Nigeria’s crude oil output had risen to around 1.9 million barrels per day. Kachikwu also disclosed that the Continue Reading
Emere Godwin Bebe Okpabi, leader of Nigeria’s Ogale people, unpacked four bottles of water from his homeland and lined them up on a table to show why his subjects are Continue Reading
The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. An OPEC technical committee is discussing a possible six-month duration for Continue Reading
Economy shrank year-on-year for three consecutive quarters IMF forecasts Nigeria economy will contract 1.7% in 2016 Nigeria’s economic slump continued in the third quarter on low oil revenue and foreign Continue Reading
Nigeria’s economic slump deepened in the third quarter as oil production continued to fall and factory output was hit by a shortage of dollars. Gross domestic product in Africa’s most Continue Reading
Market stall vendors in Yenagoa, Nigeria. Economy shrank year-on-year for three consecutive quarters IMF forecasts Nigeria economy will contract 1.7% in 2016 Nigeria’s economic slump continued in the third quarter Continue Reading
