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On April 20, the West Texas Intermediate crude benchmark did not just fall below zero, it plummeted to negative $37.63 a barrel. This stunning price crash was the result of a months-long series of unfortunate events, starting with a global…
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The Nigerian National Corporation (NNPC) has explained the parameters for employment as well as career progression in the corporation, using the recently concluded Graduate Trainee employment process as well as top Management promotion…
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Barely a week after it had risen to $34.11, the price of Bonny Light, Nigeria’s premium oil grade, has dropped slightly to $33.25 in the international market. Despite the slight drop, the price still indicated an excess oil revenue of…
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Despite forecasts that OPEC has failed and will lose its place in determining prices in the international oil market, Goldman Sachs analysts forecast in a report titled Top Projects 2020 says otherwise. According to the 2020 project,…
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The American giant Google has just announced that it is giving up developing new artificial intelligence solutions that will help the oil and gas industry to accelerate the production of fossil fuels. A statement that follows the…
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Oil prices are continuing to collapse and U.S. stocks dropped to their worst loss in weeks as worries sweep markets about the economic damage caused by COVID-19. Analysts are pessimistic about government aid actually helping. (April 21) AP…
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Nigeria is believed to be declaring about half of what the oil explorers were actually flaring, thus paying far less than they should pay to the government as fines, an amount that may have hit $1bn as loss. This is said to have emerged…
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*Adolf Hitler was rumoured to have owned Saturn the alligator, although the animal moved to Russia after the Second World War and eventually died aged 84 in Moscow Zoo An alligator rumoured to have belonged to Adolf Hitler has died at…
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Rivers State Governor, Nyesom Ezenwo Wike earlier today at the Rivers State Government House received a delegation from Mobil Nigeria Unlimited led by its Managing Director, Mr Udobong Ntia. Governor Wike speaking on the need for Mobil…
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The Minister of State for Petroleum Resources, Mr. Timipre Sylva, has revealed that 56 marginal fields will be available for auction before the end of the year. It had been reported earlier that due to current global realities which…
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