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The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and gas valued at $120.49 million for the month of September 2020. A statement by the Group General Manager, Group Public Affairs…
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President Muhammadu Buhari has declared that Nigeria will strengthen its position as regional leader in the oil and gas industry. Speaking at the virtual inauguration of the National Oil and Gas Excellence Centre (NOGEC) at the…
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The price of Nigeria’s Bonny Light rose yesterday in the international market following the expectation that the United States’ new president, Joe Biden, would ‘act big’ in tackling the Coronavirus (COVID-19) pandemic. The prolonged…
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...As Minister, DPR Director commit to deepening petroleum investment President Muhammadu Buhari, on Thursday, pledged to continue the Federal Government’s economic diversification through the utilisation of oil and gas revenues. …
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Fire is still raging on the Ororo-1 well, in shallow water Oil Mining Lease (OML) 95, eight full months after a blowout occurred on the Hydraulic Work over rig Grace-1 HWU. The rig was involved in re-entry operations on the well,…
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•Says 60% of Nigerians without access to electricity The Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that there is at least $10 billion worth of investments currently ongoing in the…
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Brent oil extended gains above $56 a barrel, rising with other assets on hopes of more U.S. economic stimulus and a weaker dollar. While crude prices have largely undulated with the American currency in recent days, the oil market’s…
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Italian prosecutors asked a Milan Court on Wednesday for documents sourced from U.S. bank JPMorgan to be filed as part of a corruption trial over the acquisition of an oilfield in Nigeria by Eni and Shell. The long-running graft case…
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The Petroleum Products Pricing Regulatory Agency (PPPRA) on Tuesday announced that Nigeria’s domestic Liquefied Petroleum Gas (LPG) consumption exceeded one million metric tonnes (Mt) last year, making 2020 the first in the nation’s…
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…Says His Achievements Will Be Beacon of Inspiration for Generations The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has lamented the death of the pioneer Managing Director of the…
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