Business & Finance

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has called on foreign investors to explore Nigeria’s ultra-deep terrain which is largely untested. Baru made the call in a statement…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday, made a case for the domestication of oil and gas technologies within the African continent, saying such develop the capacity…
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Stanbic IBTC, in partnership with South Africa’s Standard Bank Group, will provide a new accordion facility to Eland Oil & Gas. The credit facility will see the oil firm increase its borrowing base to $50 million. How the…
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The Nigerian National Petroleum Corporation (NNPC) has disclosed that Nigeria and the United States of America had been very good partners with about $35billion worth of trade between the two countries. The group managing director of…
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Nigeria and Sao Tome and Principe Thursday gave French oil company, Total, exclusive right to begin exploration for oil in three blocks – 7, 8 and 11, located within the hydrocarbon-rich Joint Development Zone (JDZ) owned by both countries…
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The United Kingdom’s two liquefied natural gas imports terminals on the shores of the Milford Haven waterway are set to receive three cargoes in the coming days. The first delivery will be made onboard the 210,000-cbm Q-Flex LNG…
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The Nigerian Maritime Administration and Safety Agency, NIMASA, said it is focused on ensuring that the nation’s crude oil trade terms are changed from the present Free on Board, FOB to Cost Insurance Freight, CIF. Disclosing this in…
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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) Simbi Wabote has bemoaned the low compliance level of indigenous oil and gas companies to the Nigerian Oil and Gas Industry Content Development…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, will on Wednesday address foreign investors at the CERAWeek, an international energy conference taking place in Houston, United States. …
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The United States cut its imports of Nigerian crude oil by 48.87 million barrels or 43 per cent in 2018, according to the latest data released by the Energy Information Administration. The US imports of Nigerian crude fell to 64.06…
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