News

The Department of Petroleum Resources, Kaduna Zonal Office, says it has taken adequate measures to tackle fuel diversion to the Republic of Benin, Chad and Niger. The DPR Zonal Operations Controller, Isa Tafida, stated this at a press…
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Western Canada is producing 365,000 bpd more crude oil that current pipeline capacity can handle, a new report from the National Energy Board has revealed. According to the authority, as of September this year, Western Canada…
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The Nigerian National Petroleum Corporation, on Thursday, reiterated that there was nothing illegitimate about the withdrawal of $1.05bn from the Nigerian LNG dividends account. The corporation said the money was withdrawn in public…
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Crude oil prices rose on Boxing Day after an extensive decline that saw West Texas Intermediate creep close to US$40 and Brent briefly fall below US$50 a barrel. Today at 09:35 AM ET, the international benchmark had recovered…
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The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦9.85billion for September, a vast improvement compared with the deficit of ₦3.90 billion, recorded in August Ibe kachikwu Details of the report which is…
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The Nigerian government incurred N623.17 billion on petroleum products supply under-recovery cost between January and November this year, a summary of the monthly estimates of the expenditure by the Nigerian National Petroleum Corporation…
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