News

Nigeria’s frenetic commercial capital, Lagos, is plunged into darkness several times a day. Then its generators roar, and the lights flood back on. Nigeria is one of the world’s largest economies where businesses rely so heavily on…
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Pipeline vandalism is the willful act or deliberate act of damaging petroleum products pipelines with the sole aim of stealing crude oil and associated petroleum products. Pipeline vandalism often leaves in its trail a myriad of problems…
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Oil prices slipped on Wednesday, extending losses from the previous session after Saudi Arabia’s energy minister said the kingdom will restore lost oil production by the end of the month. But investors remained cautious about…
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The minister of state for petroleum resources, Timipre Sylva has said that  he is ready  to host local and international players and executives across the various sub-sectors and disciplines in the energy, oil and gas vast value chain…
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The Nigerian National Petroleum Corporation (NNPC) and its joint venture partners, Shell Production Development Company (SPDC) and Belema Oil, have resolved their dispute over the operations of Oil Mining Lease (OML) 25. The parties…
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ICPC has insisted its wide-ranging corruption probe of the NFF will not be stopped by any top government official just as it announced that so far 12 houses belonging to top officials Amaju Pinnick, Shehu Dikko, Mohammed Sanusi and Ahmed…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has disclosed that the corporation has agreed to a $2.5 billion financing with a Chinese lender for pipeline project in Nigeria. Kyari…
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The National Assembly has applauded the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) Mallam Mele Kyari, for the Transparency, Accountability and Performance Excellence (TAPE) agenda he introduced to…
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The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has said the corporation will within the next 6 months close the financing deal of the Ajaokuta-Abuja-Kaduna-Kano (AKK) pipeline…
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Two drone strikes on Saudi Arabian oil facilities by Yemen rebels have reduced the country’s production by half and threatened to push up crude prices. Some experts have warned that with the projected production shortage of 155 million…
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