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The average price for refilling a five kilogramme (Kg) cylinder for Liquefied Petroleum Gas, otherwise known as cooking gas increased by 1.37 per cent (month-on-month) to N2, 067.68 in February 2019, compared to N2,039.82 recorded in…
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After more than six decades of production, Nigeria still has over 41 billion barrels of crude oil reserves untapped, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has disclosed. …
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The Joint Task Force (JTF) codenamed Operation Delta Safe (OPDS) has taken over six suspected oil thieves and seven loaded Cotonou boats from the Nigerian Navy Ship (NNS Delta), Warri, for further investigation. During the handing…
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Eland Oil & Gas PLC on Thursday in a new report on its OML 40 and Ubima licences announced an increase in the proved reserves and in Eland’s net present value. The oil and gas production and development firm, also said the borrowing…
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The rising incidence of crude oil theft is not only getting out of hand but is costing Nigeria staggering sums and must be nipped immediately by the current administration. The cabal responsible for the leakage must be smashed and the…
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The Nigerian National Petroleum Corporation (NNPC) has disclosed that Nigeria and the United States of America had been very good partners with about $35billion worth of trade between the two countries. The group managing director of…
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Nigeria and Sao Tome and Principe Thursday gave French oil company, Total, exclusive right to begin exploration for oil in three blocks – 7, 8 and 11, located within the hydrocarbon-rich Joint Development Zone (JDZ) owned by both countries…
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The Nigerian National Petroleum Corporation (NNPC) has assured petroleum products consumers across the country not to engage in panic buying as it holds 2.6billion litres of Premium Motor Spirit otherwise called petrol and90,000 metric…
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OPEC members are increasingly concerned about the passage of anti-OPEC legislation in the US while President Donald Trump’s oil price-focused tweets have added new uncertainties to the market, Mohammad Barkindo, OPEC’s secretary general,…
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First Exploration & Petroleum Development Co. has contracted Yinson Holdings to operate an FPSO for the Anayala and Madu oil discoveries offshore Nigeria. The fields are in oil mining leases 83 and 85 in the shallow-water Niger…
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