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-By Gideon Osaka Nigeria’s rig count in the last three months has remained unchanged at 14 for the month of June, the same number it recorded in May and April, while the Organisation of Petroleum Exporting Countries, OPEC,…
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…Cautions oil firms against assets disposal The Minister of State for Petroleum Resources, Chief Timipre Sylva, Tuesday, disclosed that Nigeria has become the laughingstock among oil-producing countries due to its high cost of crude oil…
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The Minister of State for Petroleum Resources and former governor of Bayelsa State, Chief Timipre Sylva has offered an insight into the agenda the Federal Government would be implementing in the Petroleum Sector to boost confidence and…
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President Muhammadu Buhari was welcomed in a colourful way on his arrival in Japan on Monday by Japanese wearing traditional African attires. President Buhari is in the Asian country to attend the Seventh Tokyo International…
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As Nigerians are becoming more concerned that the country may be heading for further crises in the petroleum sector, unless urgent steps are taken to address some of the burning issues plaguing it, recent changes in the commanding…
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NNPC posted a higher trading surplus of N6.3 billion ($17.41 million) for the period.The state-owned oil firm also recorded rises in cases of oil pipeline vandalism across the country The Nigerian National Petroleum Corporation (NNPC)…
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Bonny Light Crude Oil (BLCO) is a high grade of Nigerian crude oil produced in the Niger Delta basin and named after the city of Bonny. The Nigeria National Petroleum Corporation (NNPC) is the official source for BLCO. Key features…
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... It’s international conspiracy —Lawyers Though the Nigerian government last week criticised fortnight’s ruling by a British court, which gave about $8.9 billion (about N3.2 trillion) arbitral award against Nigeria, many lawyers have…
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Nigeria is among 10 producing countries with highest cost of crude oil production per barrel, it was gathered at the weekend. Chairman/Managing Director, ExxonMobil Affiliate Companies in Nigeria Paul McGrath, who spoke in Lagos, said…
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China Civil Engineering and Construction Corporation, CCECC will commence construction work on a factory for the manufacturing of train wagons and locomotives in October, the Minister of Transportation, Rotimi Amaechi, has said. The…
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