oil
India has ‘moral duty’ to buy cheaper oil from Russia – Foreign affairs minister
India’s Foreign Minister Subrahmanyam Jaishankar on Tuesday said it is the government’s moral duty to provide cheaper oil to its citizens as pressure...
Saudi Aramco’s quarterly profit up 81% to $40bn
The world’s largest oil producing company, said first-quarter net profit surged about 82 per cent on higher oil prices as well as...
OML 118: NNPC, Bonga agreement to produce additional 2 billion barrels of oil
About two billion barrels of oil will be produced for Nigeria under the Oil Mining Lease 118 following an agreement signed between the...
NNPC hits 218.37bn cubic feet of natural gas in March, records trading deficit of ₦9.53bn
The Nigerian National Petroleum Corporation (NNPC) says it produced 218.37 billion Cubic Feet (BCF) of natural gas in March 2020, out of which 33.45BCF...
U.S Oil Crashes to Historic Low As Covid-19 Collapses Demand
U.S. equity markets slid Monday as oil crashed below zero and closed at its lowest level since recordkeeping began in March 1983....
Future of oil and gas bright, world’s 7bn people can’t do away with it, says NNPC
By Kunle Akinsola …global oil decline forecast not a threat Notwithstanding the forecasted global oil decline, the Nigerian National...
2 Lagos Filling Station Attendants Bolt With N100m
For allegedly stealing their employer’s N100 million, two filling station attendants are facing trial at an Ojo Magistrates’ Court in Lagos. The duo...
Community Honours Minister, NNPC Chief for Community Development, Humanitarian Gestures
The GMD of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has been conferred with a chieftaincy title by HRH, King...
2019: Governors in Rat-race to Grab NNPC Oil Remittances
State Governors are jostling to take whatever they could lay their hands on from the monthly remittances of the Nigerian National Petroleum Corporation...
Media reports Kachikwu ‘sought to embarrass Buhari’s administration with alleged fuel shortage memo
On Wednesday, some oil industry news outlets reported that Minister of State for Petroleum Resources Dr. Ibe Kachikwu, was ready to embarrass the...
Niger Delta Avengers threatens merciless attack on all oil facility in Nigeria
The Nigerian militant group Niger Delta Avengers on Friday said that they had ended their ceasefire in the region. We can assure you...
Nigeria’s oil output in July slightly below 1.8 barrels per day, says Kachikwu
Minister of Petroleum, Dr Ibe Kachikwu has revealed that Nigeria’s oil production, excluding condensates, was slightly below 1.8 million barrels per day in...
Ndoma-Egba: We can no longer depend on crude oil to drive the economy
[dropcap]C[/dropcap]hairman of the Governing Board of Niger Delta Development Commission (NDDC), Senator Victor Ndoma-Egba, SAN, has once again stressed the need for Nigeria...
Premature for OPEC to Cap Nigeria, Libya Oil Output, Says Kuwait
OPEC member Kuwait on Friday said it would be premature to cap Nigerian and Libyan oil production as the two African countries’ output...
Kachikwu: Nigeria Will Support Cap on Oil Production
[dropcap]T[/dropcap]he federal government will support a cap on its oil production, minister of state for petroleum, Ibe Kachikwu, said Wednesday. The production cap...
All Eyes on Turkey As World Petroleum Congress kicks off in Istanbul
[dropcap]T[/dropcap]he 22nd World Petroleum Congress (WPC), the largest meeting of the oil and gas industry, opened in Istanbul on Sunday. Speaking at the...
