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Rivers State Governor, Nyesom Ezenwo Wike has blamed multinational oil companies operating in the state for encouraging insecurity by patronizing cultists for surveillance jobs. The governor particularly blamed the Shell Petroleum…
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The pump price of aviation fuel (better knows as Jet A1) yesterday sold for over N270 per litre in some airports across the country from a previous average price of N230-250 per litre, forcing most local airlines to consider an upward…
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Offer prices for West African grades remained high but have not ramped up significantly despite tightened U.S. sanctions on Iranian oil, which will leave top buyers India and China looking for replacement barrels. Shell confirmed that…
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A pipeline installation to transport dry gas through the North and South corridors to the West corridor has been approved by the Federal Executive Council at the cost of N2.5bn. The 30-kilometre project, which is operated by Shell and…
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The Organisation of Petroleum Exporting Countries, OPEC’s April supply dropped to 30.23 million barrels per day (bpd) showing a four-year low. This came as OPEC’s biggest production gain occurred in Nigeria, where Total’s Egina field…
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Fears are rife that Nigeria may not accomplish the much touted stoppage of gas flaring by 2020, which is just seven months away. Sweetcrude gathered that the government has not shown any clear-cut strategy, as there is loose legislative…
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Sunday’s violent pirate attack in which shots were fired and Boskalis’ heavy transportation vessel was hijacked was most likely an act committed by Nigerian pirates. Luckily there were no casualties as the crew locked itself in the citadel…
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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says the corporation will strive to use new technology to reduce the cost of crude oil production for economic development. Baru disclosed…
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The United States refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes, double that of April levels, data from Refinitiv Eikon has shown.Oil imports from Nigeria and other…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has charged the executive of the Nigeria Union of Journalists (NUJ) to curb purveyours of fake news, saying such news items had impacted…
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