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Twelve ships carrying various products have arrived at Apapa and Tin-Can Island ports, waiting to berth, the Nigerian Ports Authority said in its daily publication on Wednesday in Lagos. The shipping position of the NPA is a…
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The price of Bonny Light, Nigeria’s premium oil grade has risen from $66.00 to $67.48 per barrel, the highest in recent times, as the Organisation of Petroleum Exporting Countries, OPEC; continue to eliminate excess oil from the global…
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The Ooni of Ife, Oba Enitan Ogunwusi, has said that the greatest misfortune that has ever befallen Nigeria as a nation was the discovery of oil and gas. Ogunwusi said this late on Friday during a courtesy visit by the National Executive…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has stated that more than 41billion barrels of crude oil and 319trillion cubic feet of gas are yet to be discovered in Sub-Saharan…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has called on foreign investors to explore Nigeria’s ultra-deep terrain which is largely untested. Baru made the call in a statement…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday, made a case for the domestication of oil and gas technologies within the African continent, saying such develop the capacity…
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Stanbic IBTC, in partnership with South Africa’s Standard Bank Group, will provide a new accordion facility to Eland Oil & Gas. The credit facility will see the oil firm increase its borrowing base to $50 million. How the…
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...For month of Feb 2019 The average price per litre of Kerosene in Nigeria dropped to ₦305.55 in February 2019, compared to ₦306.28 in January 2019. This is revealed in the National Bureau of Statistics’ Price watch…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has called for more integration among countries within the West African sub-region towards providing lasting solutions to the region’s…
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• NPDC takes over operatorship of OML 11 from Shell Royal Dutch Shell yesterday said it planned to reduce carbon emissions from its oil and gas operations and product sales by between two per cent and three percent by 2021. This is the…
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