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…As Kyari Defends NNPC 2021 Budget at NASS The House of Representatives Joint Committees on Petroleum (Upstream, Downstream and Gas) have applauded the Nigerian National Petroleum Corporation (NNPC) for breaking new grounds in its…
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The Supreme Court has cleared the road for Rivers State government acquisition of the Shell Petroleum Development Company of Nigeria Limited, SPDC’s 45 percent equity stake in OML11 and Kidney Island in Port Harcourt. This is…
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Brazil’s state-controlled oil company Petroleo Brasileiro SA cut its five-year investment plan by 27% from a year ago to $55 billion to preserve cash, as the coronavirus pandemic drove down global oil demand and prices. In a filing on…
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The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, says the corporation deliberately shut down the nations refineries because they no longer make sense to be operated. The GMD disclosed this…
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Following the resolutions reached an the earlier meeting of the Major Oil Marketers of Nigeria (MOMAN) and the National Association of Road Transport Owners (NARTO) renewal workshop held on 24th September, 2020 at IBETO Hotel Abuja in the…
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The Port Harcourt Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Thursday received for prosecution, four suspected oil thieves from the Nigerian Navy Ship, Pathfinder. The suspects, Ebenezer Afonka, Bernard…
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Taleveras has become the first African Independent Gas Trading company to secure a term deal with a Mont Belvieu-based LPG facility for the export of Liquefied Petroleum Gas starting 1st Quarter 2021. According to market sources and…
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Seplat Petroleum Development Company has said it is expanding more gas wells at its Oben Gas Plant in Edo State towards providing more gas for electricity generation. The indigenous oil and gas firm, in a statement, said the feat was…
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Global oil prices yesterday hit the highest level since March rising above $48.86 per barrel as hopes for a COVID-19 vaccine rollout within weeks brightened the outlook for fuel consumption. Brent crude, the international benchmark,…
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The 5,000BOPD Waltersmith Refinery in Ibigwe, has joined the 11,000 BOPD Ogbele Expanded Refinery, also in eastern Nigeria, as two private sector owned functioning refineries in the country. The Waltersmith Refinery was commissioned by…
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