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Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell, will refund about 2.1 million barrels of crude oil from the Trans Niger Pipeline in line with a directive of the Department of Petroleum…
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State-owned Nigerian National Petroleum Corp. has concluded talks with lenders to raise $1 billion for the rehabilitation of the Port Harcourt refinery, industry sources disclosed Feb. 17. The NNPC is now on track to undertake the…
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Legal fireworks between Shell Petroleum Development Company of Nigeria Ltd and Aiteo Eastern E & P Company Ltd over allegation of 16 million barrels of crude oil diversion begin A Nigerian Court has granted an interim mareva…
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Petrogress, Inc. (OTC PINK: PGAS) (“Petrogress” or the “Company”), a fully integrated oil commodity business that primarily serves West Africa and Mediterranean, has announced that its wholly owned subsidiary, Petronav Carriers LLC.…
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In spite of the rise in the price of crude oil in the international market, the Nigerian National Petroleum Corporation (NNPC) has ruled out any increment in the ex-depot price of Premium Motor Spirit (petrol) in February, 2021. This…
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The Nigerian independent, Niger Delta E&P, is anticipating the first flow of gasoline from its 11,000 Barrels of Oil Per Day (BOPD) refinery on the Ogbele field, in Rivers State, in the east of the country. The three-train modular…
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The House of Representatives and the Ministry of Finance on Tuesday disagreed over the procedure for the payment of the sum of N2.8billion to the Organization of Petroleum Exporting Countries (OPEC) in 2017. The Ministry appeared…
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House of Representatives, yesterday, said the country is currently losing $750 annually to gas flaring. House Committee on Gas Resources Chairman, Nicholas Mutu, stated this at an investigative hearing organised by the joint Committee…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) Tuesday urged the Federal Government to subsidize the Premium Motor Spirit (PMS) petrol as landing cost has soared to N180 per litre. The association’s National Vice…
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Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Mohammad SanusiBarkindo, has expressed excitement over the ratification of Dr. Ngozi Okonjo-Iwuala as the director-general of World Trade Organisation. In a…
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