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…Affirms Station Observes Required Safety Standards All stations under the brand name of NNPC Retail Limited operate under very high safety standards as endorsed by the Federal Fire Service and the Department of Petroleum Resources,…
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With the impact of the coronavirus compounding oil and gas industry challenges, governments in Nigeria and other African countries have been urged to extend the implementation of Production Sharing Contracts (PSCs), and work program…
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FG Considers Opening Up Fuel Importation To Private Businesses The Petroleum Products Pricing Regulatory Agency (PPPRA), yesterday, said it is engaging with the Central Bank of Nigeria (CBN) to open up the importation of petroleum…
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Nigeria Liquefied Natural Gas (NLNG) and Angola’s LNG project are offering three cargoes of lique­fied natural gas in the internation­al market in the midst of drop in the price of crude oil. NLNG is offering two cargoes next month,…
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Okoroma Clan in Nembe Local Government Area of Bayelsa, on Monday, issued 14-days ultimatum to the Nigerian Agip Oil Company, NAOC, to renew a MoU with the clan, or have their operations in the area shut. Indigenes of Okoroma clan under…
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The Nigerian Agip Oil Company Limited, NAOC, has said false and unverified claims on how it is conducting its operations are irresponsible and they create confusion, tension and instability in a moment in which the country should unite…
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The Petroleum Products Pricing Regulatory Agency (PPPRA) is discussing with the Central Bank of Nigeria (CBN) on ways to make foreign exchange (forex) accessible to private oil marketing companies seeking to import petroleum products into…
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Oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns around the world in the second half of 2020, when oil prices “will be $40 starting from the third quarter,” Mohamed Arkab, Energy Minister of…
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The two are from diverse backgrounds but seem driven by the same passion- the desire to make things better. Timipre Silva, Minister for State for Petroleum and Mele Kyari, the Group Managing Director of the Nigerian National Petroleum…
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President Muhammadu Buhari has approved the phased and gradual easing of the lockdown in Lagos and Ogun states as well as the Federal Capital Territory, Abuja. He said this in a nationwide address this evening that "In line with the…
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