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The Nigerian National Petroleum Corporation (NNPC) is taking measures to bring down cost of crude oil production to $10 per barrel or below, the Corporation’s Chief Operating Officer (COO), Ventures and Business Development, Mr. Roland…
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The US drilling rig count fell 17 units, reaching 284 rigs working for the week ended June 5, according to Baker Hughes data. The count is down 677 units from the 948 rigs working this time a year ago. The US drilling rig count fell 17…
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The Nigerian National Petroleum Corporation (NNPC) has raised an alarm over prevalent low grade and contaminated AGO, otherwise called, diesel offered at discounted prices in parts of the Country. The warning was contained in a report…
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Indigenous players that stand in the frontline of the newly launched marginal bid round are not impressed with the management of the much awaited opportunity, pointing at the prevailing low demand and low price cycle in the global oil…
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*Brent up further as Saudi Arabia, Russia likely to extend 9.7million b/d quota Petroligica's free weekly round-up of the latest news in the oil market is as shown below: Brent has pushed up a little further this week, currently…
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Oil prices jumped today, Friday, as traders awaited the indicators of the OPEC + meeting, which was confirmed tomorrow, Saturday, where major oil producers will discuss whether to extend record production cuts. Brent crude futures rose…
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Oil prices jump and Brent heads to 14% weekly gain The Russian Energy Ministry announced today, Friday, that the "OPEC +" meeting will be held tomorrow, Saturday, the 6th of June. "I confirm this," the official spokeswoman for the…
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The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, has cleared the air on media reports that Nigeria is yet to comply with OPEC+ Production Cut. According to the statement made known to Oil and Gas Republic,…
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An Iranian cargo ship named Behbahan sank off the Iraqi coast on Thursday night, Iran’s Ports and Maritime Organization (PMO) published on its website on Friday quoting a PMO official as saying. Nourollah As’adi, the director-general of…
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The Federal Government, Thursday proceeded with the full deregulation of the downstream petroleum sector with the removal of the existing cap on petrol price, urging marketers to import and sell the product according to the dynamics of the…
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