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Oil prices rose nearly 2 percent on Monday morning, on trade deal hopes and OPEC supply outages. One of the largest OPEC outages at the moment is the supply disruption at the 150,000 bpd Nigerian Bonny Light export terminal, which was…
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Following the outcome of the Presidential Election, which returned President Muhammadu Buhari to Aso Rock, BudgIT has called on the Buhari government to assign a higher priority to oil and gas sector reforms in the second phase of the…
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…Commiserates With Families Of Inferno Victims The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has assured of adequate petroleum products supply in Lagos and its environs despite…
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As part of efforts to reform the oil and gas sector, the Federal Government has commenced the training of stakeholders involved in the sector on proper metering and measurement for enhanced national development. The Director-General…
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Another round of trouble is brewing between the Federation Account Allocation Committee (FAAC) and Nigeria National Petroleum Corporation (NNPC) following delay by Nigeria Petroleum Development Company (NPDC), an NNPC subsidiary, to offset…
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YINSON HOLDINGS BERHAD has been awarded contracts for the charter, operations and maintenance of a floating production storage and offloading (FPSO) vessel by FIRST Exploration & Petroleum Development Company Ltd for use at the…
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Concerned about the colossal loss of revenue by the country through oil theft and pipeline vandalism, the organised private sector (OPS) are working round the clock to address this hydra-headed monster by adopting Alternative Crude…
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Following reports of a pipeline explosion in Nembe, Bayelsa, Aiteo Exploration Ltd has confirmed the incident, assuring that no life was lost in the Friday explosion on the crude export pipeline which burned till Saturday. Public…
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Nigeria’s refineries posted a cumulative loss of N114.3bn in the first 11 months of 2018, latest industry data have revealed. Figures obtained from the Nigerian National Petroleum Corporation on Friday in Abuja showed that the Kaduna…
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Scores of persons are still missing in Nembe community, Bayelsa State, after a gas explosion from the Creek Trunk Line operated by the Aiteo Eastern Exploration and Production Company in the community. The explosion caused…
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