abubakar saidu

Oil cargoes departing from Nigeria to the United States fell to 103,000 bpd in December, down by 48,000 bpd, new data show. Generally exports by OPEC nations to the US fell to 1.63 million barrels per day (bpd), down from 1.80 million…
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Oil prices reversed course and turned sharply higher in mid-morning trade yesterday. Brent crude rose $2.60, or 4.8 per cent, to $56.40 a barrel after trading as low as $52.51 earlier. U.S. West Texas Intermediate crude rose $2.22, or…
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As the Federal Ministry of Power, Works and Housing strives to improve the country’s power supply, it is also making budgetary proposals for the purchase, maintenance and fuelling of generators at its headquarters and various agencies. …
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Nigeria is to lose about 226,300,000 million barrels of oil production in 2019, representing about 27 per cent of its current year’s target. The loss is sequel to the Organisation of Petroleum Exporting Countries (OPEC) decision to cut the…
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OPEC’s January production is likely to come in lower than anticipated, a former Saudi Aramco executive said in a statement to CNBC on Thursday. The oil cartel agreed last month to shave 800,000 barrels per day off its October production…
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The Minister of Transportation, Mr Rotimi Amaechi has directed CCECC, the contractor handling the Lagos-Ibadan rail project, to complete the Iju-Agbado section of the project in two weeks. The minister gave the directive on Thursday while…
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Private security guards attached to the National Petroleum Corperation, who protect oil pipelines from Lokoja to Kaduna State, on Thursday staged a peaceful protest against non-payment of 22 months’ salary arrears, the PUNCH reported. …
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The federal government has set a target which aims at achieving a 40 per cent energy switch from the consumption of Premium Motor Spirit (petrol), Dual Purpose Kerosene (kerosene) and Automotive Gas Oil (diesel), to the use of Liquefied…
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Nigeria’s Minister of State for Petroleum Resources, Mr Ibe Kachikwu, has said the Federal Government generated over $2 billion from the renewal of oil block licences. The former Group Managing Director the Nigerian National Petroleum…
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The Nigerian National Petroleum Corporation (NNPC) has said it imported 15,874,734.82 metric tons of Premium Motor Spirit (PMS) otherwise called petrol through the Direct Sales Direct Supply (DSDP) arrangement in 2018. The national oil…
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