News

Oil prices are continuing to collapse and U.S. stocks dropped to their worst loss in weeks as worries sweep markets about the economic damage caused by COVID-19. Analysts are pessimistic about government aid actually helping. (April 21) AP…
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Nigeria is believed to be declaring about half of what the oil explorers were actually flaring, thus paying far less than they should pay to the government as fines, an amount that may have hit $1bn as loss. This is said to have emerged…
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*Adolf Hitler was rumoured to have owned Saturn the alligator, although the animal moved to Russia after the Second World War and eventually died aged 84 in Moscow Zoo An alligator rumoured to have belonged to Adolf Hitler has died at…
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The talked about gas pipeline consteuction linking Ajaokuta to Abuja, to Kaduna, then to Kano has begun. The investment will see new gas power plants in Abuja, Kaduna, and Kano that will greatly improve electricity generation in the…
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In its avowed commitment to eliminate crude oil theft and illegal oil bunkering, the Nigerian Navy said it has destroyed a total of 2,287 illegal refineries in the last five years. Making the disclosure, during a press briefing to mark…
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Nigeria suffered a setback in its pursuit of justice over the controversial Malabu deal as a London judge ruled Friday that the $1 billion suit against oil giants Shell and Eni could not go ahead in England. According…
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The dmg events, the organisers of the Nigerian Oil and Gas Conference and Exhibition (NOG) has announced a new date for the 2020 edition which also marks the 20th year anniversary of the event. Described as the meeting place for the…
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The Federal Government, through the Department of the Petroleum Resources (DPR), yesterday, said it is yet to issue guidelines on the proposed bid rounds in Nigeria’s marginal oil fields, adding that such exercise cannot be done in…
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Kazakhstan’s crude oil production has fallen below 1.7 million bpd of crude and condensates, oil analytics firm OilX told Oilprice.com, noting that the giant Tengiz field has seen a jump in Covid-19 cases among workers, at 935. The…
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A U.S. court granted Nigeria permission to subpoena London based hedge fund, VR Capital Group Ltd., four subsidiaries and three of its directors for documents. The company is part of a company that received a $9.8 billion arbitration award…
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