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The Delta state government has exempted members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) from the total shut down of the state to mitigate the spread of the covid-19 scourge in the state. The Commissioner…
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With only a week to go before OPEC+ countries start flooding the world’s total oil production with an estimated extra 2.5 million barrels per day (bpd) amid the Covid-19 crisis, building one of the biggest oil supply gluts the world has…
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Italy’s supermajor Eni has announced that it will reduce Capex in 2020 by around €2 billion, equal to 25% of the total Capex planned, and opex by around €400 million. In 2021, Eni expects a Capex reduction of around €2.5-3 billion, equal…
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Only the old hands at the Coffeyville oil refinery could remember anything like the prices posted this month. The small Kansas plant in the heart of rural America was offering just $1.75 a barrel for Wyoming sweet crude. With more than…
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Nigeria will pump as much crude as it can and continue to sell it at a deep discount, but may eventually have to shut down some unprofitable fields if the price war rumbles on. Africa’s biggest producer has thrown itself into the battle…
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Nigeria and other African economies are projected to record substantial revenue losses, particularly from the oil and gas sector, as the devastating effects of the Coronavirus pandemic continues its devastating toll on the various…
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… As corporation supports teaching hospital with medical equipment By Saidu Abubakar The Nigerian National Petroleum Corporation (NNPC), International Oil Companies (IOCs) as well as Independent Oil Companies in the Upstream and…
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The umbrella body of the tanker drivers, the Association of Road Transport Owners (NARTO), which disclosed this in a statement signed by the national president, Alhaji Yusuf Othman, on Wednesday, threatened that its members’ services would…
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The Nigerian National Petroleum Corporation (NNPC) and 33 oil and gas companies, Friday, donated $30 million, about N11.4 billion to the Federal and state governments to fight the spread of the Coronavirus (COVID-19) pandemic in the…
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Nigerian National Petroleum Corporation, NNPC pipeline along Ojukwu Street, Navy Town axis of Satellite Town in Lagos is leaking, the News Agency of Nigeria reports. This was confirmed on Thursday by the Director General Lagos State…
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