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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has pledged to encourage the corporation’s workforce to engage in sports to boost their productivity and healthy living condition. Dr.…
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The Federal Executive Council (FEC), has approved a memorandum from the Minister of State (Petroleum), Ibe Kachikwu, for the design of a new head office for the Department of Petroleum Resources (DPR). The design for the proposed…
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The price of OPEC basket of fourteen crudes stood at $67.03 a barrel on Tuesday, compared with $66.19 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up…
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• Seek paradigm shift as contribution to GDP shrinks The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday said $48billion oil and gas investment opportunities have been identified in…
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May loading worsens country’s sale overhang Over 20 cargo-loads of Nigeria’s crude oil, last weekend, suffered bearish sale unsold over worsening buyers’ apathy, forcing Nigeria to keep the April official selling price (OSP) for the…
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*April cargoes clearing up at market Nigeria’s crude grades may rise above $2 per barrel above dated Brent in May, according to market schedule for May seen by SweetcrudeReports. According to schedule, Exxon Mobil is already offering…
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Nigeria’s oil space dotted by bickering between oil firms and their host communities is worsened by dearth of host community bill. NewTelegraphng.com examines how the World’s biggest single-unit Dangote Refinery copes with this impediment:…
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...Says OPEC/non-OPEC relationship to be captured in charter Dr. Mohammed Sanusi Barkindo is the Secretary-General of the Organization of the Petroleum Exporting Countries, OPEC, appointed to superintend the group’s affairs at the…
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The price of Organization Petroleum Exporting Countries, OPEC basket of fourteen crudes stood at $66.67 a barrel on Friday, compared with $67.78 the previous day, according to OPEC Secretariat calculations. The OPEC Reference…
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Through flaring of 777.37million standard cubic feet of gas daily, Nigeria burnt some 283.740.05 billion scf of gas between December 2017 and December 2018, New Telegraph has learnt. This was revealed in a correspondence exchanged…
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