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Chairman, Transnational Corporation Plc (Transcorp Plc) and Heirs Holdings, Mr Tony Elumelu, has said oil theft in the Niger Delta is declining following the government's recent actions. He stated this at the 2022 Annual General…
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Oil prices tumbled 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) reduced its economic growth forecasts and warned of higher inflation. Prices fell despite lower output from OPEC+,…
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Nigeria has earned about $119 billion from crude oil exports from 2017 to 2021 under President Muhammadu BuhariThe country produces over one million barrels of crude oil per day, which is a far cry from previous productionsExperts say…
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The energy group, Eni said during the week that it had lifted a force majeure on gas exports from Nigeria’s Okaka in Bayelsa state after repairing  a vandalised pipeline. Eni declared force majeure on April 6 after the Ogboinbiri to…
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The Central Bank of Nigeria report has revealed that total bank borrowing of oil firms in the downstream and upstream sectors of Nigeria’s oil and gas industry increased by $490 billion from N5.19 trillion in January 2021 to N5.68…
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Seventeen years after the construction of the Brass LNG plant was abandoned, the Federal Government has disclosed that it was seeking new investors to complete the project. The Minister of State Petroleum Resources Chief Timipre…
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…Why cost of the subsidy is rising, by experts …Nigeria must refine her crude locally to stop the subsidy …We‘re against subsidy — MOMAN …Deregulation, PIA on hold …How subsidy cost rose sharply, by MOMAN scribe …
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