The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has said that the corporation has as at today brought down the cost of production of Continue Reading
The raging labour dispute between the oil workers’ unions and Nigerian indigenous firms that have committed huge resources to develop local capacity and capability in line with the Nigerian Oil Continue Reading
A logo of Shell is pictured at a gas station in the western Canakkale province, Turkey April 25, 2016. REUTERS/Murad Sezer Earlier this week, the Milan tribunal informed lawyers that Continue Reading
Nigeria’s inefficient refineries are unable to meet domestic fuel demand and have made Nigeria the only OPEC member to import gasoline, according to the managing director of the Nigerian National Continue Reading
Residents of Peace Estate in Baruwa area of Ipaja, were thrown into panic yesterday, following the explosion of a Nigerian National Petroleum Corporation, NNPC’s pipeline, which resulted in fire. But Continue Reading
Up to $45 million in costs to drill a well off the Gambian coast is covered through a deal with Malaysian oil company PETRONAS, Australia’s FAR Ltd. said. PETRONAS, an Continue Reading
The House of Representatives yesterday ordered the Nigeria National Petroleum Corporation ( NNPC) to stay action on the plan to expend $1.8 billion on the turn around maintenance (TAM) of Continue Reading
While Nigerians across many states continue to grapple with the unavailability of petrol at the official price, the situation may get worse due to threat by depot owners. On Tuesday, Continue Reading
Tension is brewing in Ogoni ethnic nationality of Rivers State following the insistence by Movement for the Survival of Ogoni People, MOSOP, that the people of Ogoni have not endorsed Continue Reading
As OPEC allies push to restrict oil output in an international attempt to bolster crude prices, Nigerian producers are heading in the opposite direction, aspiring to increase output by 250,000 Continue Reading
