Nigeria’s 4 refineries repositioned to produce 10m litres of PMS daily – Minister

The Minister of State for Petroleum, Dr Ibe Kachikwu, said the nation’s refineries had been repositioned to produce not less than 10 million litres...

Oil leak from Agip’s field pollutes Otuokpoti community in Bayelsa

Residents of Ekole Creek in Bayelsa, on Wednesday reported a massive oil leak from an oil field operated by Nigeria Agip Oil Company (NAOC)...

Oil market ends 2015 in downbeat mood, with long, painful hangover.

Oil prices rose on Thursday but were still headed for a second year of steep declines after a race to pump by Middle East...

Clean-up of Ogoni land to commence Q1 2016 – NOSDRA

The Federal Government says the clean-up of Ogoniland impacted by oil spill would commence in the first quarter of 2016. Dr Peter Idabor, the Director...

Military parades seven suspected oil thieves in Bayelsa

The Operation Pulo Shield formally addressed as the Joint Task Force (JTF) has paraded seven suspected illegal oil bunkerers and pirates in Yenagoa, the...

Oil prices end in losses in last trading hours of 2015

Oil prices headed for a second year of steep losses in their last trading hours of 2015 as OPEC supplies created an unprecedented global...

Owners of petrol stations in Benue defy FG directive on new pump price

Owners of petrol stations across major towns in Benue have defied government directive to sell petrol at the new pump price of N86.50k per...

Group condemns Shell for poor response to oil spill incident at Adibawa Oil field

An environmental rights group has condemned what it called the slow response of Shell Petroleum Development Company (SPDC) to the oil spill incident of...

Oil hits 2016 high of $43 a barrel

Oil reached a 2016 high, hitting $43 a barrel on Tuesday, and supported by hopes that upcoming meeting of oil producers will agree on...
Gas policy

NPDC remits over $608m as Royalty, Petroleum Profit Tax in 2016

The Nigerian Petroleum Development Company, NPDC, the upstream subsidiary Company of the Nigerian National Petroleum Corporation, NNPC, said it remitted over $608 million as...
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