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INigeria’s aspiration of unlocking over 10billion barrels of deep water oil reserves was accentuated with the signing of the crucial Heads of Terms Agreement among the Nigerian National Petroleum Corporation (NNPC) and its production…
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The Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, spoke with journalists at the sidelines of the flag-off of drilling activities in the Kolmani River II Oil Well, near Barambu village in…
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Crude oil price rose yesterday to $63 per barrel after top exporter, Saudi Arabia, said it would cut crude exports and deliver an even deeper cut to its production. While the global benchmark crude, brent crude rose by 77 cents at…
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*Says the ANOH project is designed to provide the linkage between the Eastern, Western and Northern gas pipeline system. The Nigerian National Petroleum Corporation (NNPC) has announced the execution of Final Investment Decision (FID)…
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Nigeria’s crude oil production including condensate has taken a dip, falling to 1.999 million barrels per day in January from 2.081 million bpd in December, figures from the Ministry of Petroleum Resources has revealed. This is…
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This certainly is no good news for Nigeria’s reputation among the comity of nations as Nigeria just featured on a list of dirty-money nations released by the European Union. Nigeria, Ghana, Saudi Arabia and Panama were named in a…
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The Nigerian Navy, said that the nation lost over a whopping 277,040, barrels of crude oil through illegal oil bunkering activities in 2018. This was as the nation also lost about 223.1million liters of Automated Gasoline Oil(AGO),…
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The Nigerian National Petroleum Corporation (NNPC) has signed a Final Investment Decision (FID) with its Joint Venture (JV) partners – Shell Petroleum Development Company (SPDC), Total Exploration and Production Nigeria (TEPNG), and…
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The one million barrel consignment, which will head toward the Dutch port of Rotterdam, comes at a tricky moment for the West African country, given a pledge it has made to OPEC and other oil producing countries to help them avert a glut…
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Nigeria is about to ship the first cargo of crude oil from a new deposit about 90 mi off its coast. The 1 MMbbl consignment, which will head toward the Dutch port of Rotterdam, comes at a tricky moment for the West African…
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