Nigeria presses Shell to re-open pipeline but security key

Nigeria wants Royal Dutch Shell to reopen a major export pipeline in the Niger Delta but the oil major wants better protection first to...
OPEC

Oil prices rise in anticipation of extended OPEC-led production cut

Oil prices rose by one percent ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at...
Kachikwu

$200m Local content fund: Kachikwu advocates careful utilization

The Minister of State for Petroleum Resources,  Dr Ibe Kachikwu has urged the Bank of Industry (BOI) to ensure that the 200 million dollar...

DPR seals 15 petrol stations for selling above govt. approved prices

The Department of Petroleum Resources (DPR) said it has sealed 15 filling stations for selling above the pump price in Kano. The Comptroller in charge...

NNPC evolves scheme to boost gas supply by 285 %

The Nigerian National Petroleum Corporation (NNPC) and its partners have evolved a scheme to grow gas supply for domestic consumption by 285 percent. The NNPC...

IPMAN sets up surveillance committee to curb pipeline vandalism

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday, said it had constituted a surveillance team to curb activities of vandals along the...

NNPC Lifts Embargo on 113 Crude Oil Vessels

The Nigerian National Petroleum Corporation, NNPC on Thursday announced the lifting of the embargo earlier placed on some 113 Vessels banning them from engaging...

Nigeria sign deals with oil firms to clear unpaid bills

Nigeria will clear unpaid bills for production joint-ventures piled up over many years under a deal signed on Thursday with Shell, Chevron, Total, Eni...

Oil rises to $53 as inventory overhang erodes, Saudi cuts exports

Oil prices rose on Thursday lifted by a sustained decline in inventories and Saudi Arabia’s preparedness to cut crude supplies to its prized Asian...

NNPC to Review Deep Offshore Production Agreements with Oil Companies

 In a view to seek favourable benefits to Nigeria based on prevailing realities in the oil and gas industry, the Nigerian National Petroleum Corporation,...
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