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A potential large collective production cut by members of OPEC and OPEC+ in response to the slump in demand with the Coronavirus outbreak is expected to drive oil prices upward, as Brent hits $52.46 per barrel yesterday. Organisation of…
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The Nasarawa State Governor, Alhaji Abdullahi Sule, today, paid a visit to the Group Managing Director of the NNPC, Mallam Mele Kyari at the latter's office in Abuja. In the governor's entourage was Hon. Abubakar Hassan Nalaraba,…
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-By Saidu Abubakar The Nigerian National Petroleum Corporation, NNPC, today, held its day at the ongoing 41st Kaduna International Trade Fair, attracting sizeable crowd eager to have an insight about the oil company's operations. The…
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A vessel, MT Preye I and her crew of 11 suspected oil thieves, have been handed over by the Nigerian Navy to the Economic and Financial Crimes Commission, EFCC, for investigation and possible prosecution. The vessel and the suspects…
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President Muhammadu Buhari has approved the appointment of Bashir Jamoh as the director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), TheCable can report. Jamoh will replace Dakuku Peterside who was…
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Ministers from the Organization of Petroleum Exporting Countries, OPEC, are beginning to arrive to Vienna on Tuesday as the group debates whether to further reduce oil production to tackle deteriorating demand from the global spread of the…
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A green light signaled from OPEC, combined with support from policymakers to back global markets helped crude oil prices find a floor, according to analysts at TD Securities brief. WTI trades at $48.15. Key quotes “Saudi Arabia wants…
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Nigeria and other members of the Organisation of Petroleum Exporting Countries will gather this week to debate whether to cut oil production further as the spread of coronavirus hits demand for crude worldwide. Reuters reported on…
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Minister says the initiative would help complement the efforts and commitment of the Nigerian Government in the fight against infectious diseases The Nigerian Government has signed a $18.2m grant agreement with Japan to strengthen the…
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The Department of Petroleum Resources has sealed off an illegal plant refilling Liquefied Petroleum Gas (cooking gas) cylinders under high-tension wires in Lagos. The Banner Gas LPG refilling plant, located in Lekki Phase I, was shut…
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