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CATEGORY

Oil & Gas

How Illegal Oil Pipeline Connecting High Sea Was Undetected for Nine Years – NNPC

In a shocking revelation, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has narrated how an...

NNPC acquires downstream assets of OVH Energy

The Nigerian National Petroleum Company Ltd has acquired the downstream assets of OVH Energy Marketing Company effectively making it the biggest downstream company in...

Nigeria: NLNG Alerts Govt, Stakeholders On Export of Cooking Gas By Some Local Producers Despite in-Country Shortages

The Nigeria Liquefied Natural Gas (NLNG) Limited has drawn the attention of the federal government and other stakeholders to the export of Liquefied Petroleum...

Nigeria Drops to Africa’s 4th Largest Oil Producer, OPEC Reports

Abuja, Nigeria —  Nigeria is facing a record reduction in oil production, oil cartel OPEC reports, dropping from the first largest producer in Africa to...

Oil price falls, OPEC raises Nigeria’s production quota

The Organisation of Petroleum Exporting Countries on Wednesday raised Nigeria’s crude oil production quota for September 2022 to 1.83 million barrels per day, as...

NUPRC Boss Urges African Countries To Increase Oil Exploration, Production

LAGOS – Gbenga Komolafe, Chief Ex­ecutive Officer of the Nigerian Upstream Petroleum Regulato­ry Commission (NUPRC), has called on oil-producing coun­tries in Africa to scale up...

Pressure mounts on the central bank as Naira tumbles again

The currency has fallen 20% on the parallel market since January driving inflation and challenging government strategy 2nd August 2022 Prepared for Free Article on...

Nigerian Navy Recovers 230,000 Barrels Of Stolen Crude Oil Since April 2022

The Federal Government has announced it has recovered 230,000 barrels of stolen crude oil since April 1, and arrested 85 suspects and 72 boats. This...

Crude Oil Thieves Killing Nigeria’s Economy — Former Energy Minister

Yenagoa  – A former Minister of State for Energy and monarch of the Nembe Kingdom in Bayelsa State, Edmund Daukoru, has labeled crude oil thieves...

Oando Plc faces delisting, suffers huge losses in 2020

Huge losses have forced Nigerian multinational oil company, Oando Plc, on the verge of voluntary delisting on the Nigerian Exchange Group (NGX).The company has...

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