Nigeria lost $750m to oil theft in 2019 – NNPC

The Nigerian National Petroleum Corporation has disclosed that the nation lost about $750 million to oil…

Senate probes NNPC over $396 million spent on maintaining refineries

The Senate on Thursday agreed to probe the Nigerian National Petroleum Corporation over the $396m expended…

NLNG pays $7bn tax, $15bn dividend to FG

The Nigeria LNG Limited says it has paid over $7bn as taxes and issued more than…

NUPENG gives Chevron seven days to recall workers

The national leadership of the Nigeria Union of Petroleum and Natural Gas Workers has issued a…

UKAID/DFID partners Techno Oil on LPG cylinders distribution to rural communities

UKAID/Department for International Development (DFID) under its Modern Energy Cooking Services -Technology Research Innovation for International…

Shorter-cycle investments, shift to natural gas, others to characterize oil, gas industry in 2020 – GlobalData

As 2019 draws to a close, Anna Belova, Senior Oil and Gas Analyst at leading data…

Buhari signs PSC bill into law

President Muhammadu Buhari has signed the bill seeking to amend the Deep Offshore and Inland Basin…

Politicians want fuel subsidy to continue at all cost – Wale Tinubu

Wale Tinubu, Group Chief Executive  of Oando Plc, says politicians want the subsidy on crude oil…

Oil slips to $71, hit by talk of higher OPEC+ production

Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S.…

41bn barrels of crude remain untapped – NNPC boss

  The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has…

Arbitration tribunal awards $1.69bn to Nigerian govt over Brass, Forcados crude oil assets dispute

  An Arbitral Tribunal sitting at the Lagos Court of Arbitration has delivered a landmark Arbitral…

NEITI: Nigeria loses $16bn to Production Sharing Contracts

The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion  in…

Shell to spend $10bn to develop Bonga Southwest/Aparo field

  Oil giant Shell’s Bonga South West/Aparo (BSWA) deepwater project, located in Oil Mining Lease (OML)…

SPDC announces FID on Assa North Gas Project

The Shell Petroleum Development Company of Nigeria Limited, SPDC, has announced the Final Investment Decision, FID,…

Appeal Court nullifies conviction of Shell MD, others

The Court of Appeal sitting in Port Harcourt has set aside the order of a High…

Oil marketers to get N236bn subsidy claims Dec 14

The Federal government said oil marketers would be paid N236 billion out of N348 billion approved…

NNPC: Why we gave pipeline surveillance contract to Oshiomole’s friend

The Nigerian National Petroleum Corporation (NNPC) says it couldn’t allow continued attacks on the Trans Forcados…

‘One comma, one semicolon shouldn’t stop investments’ — Saraki hits presidency on PIGB

President of the Nigerian senate, Dr Bukola Saraki says one comma, one semicolon, should not stop…

PIB: NNPC calls for simplified fiscal terms

The Nigerian National Petroleum Corporation (NNPC) has urged the Senate to consider simplifying the fiscal provisions in…

Oil hits $80 as Shell declares force majeure

Oil prices hit $80 a barrel on Thursday for the first time since November 2014 just as…

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