Shell’s net profit surges to $4.087bn in Q3

Royal Dutch Shell said Thursday that net profit almost tripled to more than $4.0 billion in the third quarter, helped largely by recovering oil...

NNPC, Ondo state sign MoU on biofuel plant

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65,000 million litres...
OPEC

OPEC oil output falls in October led by drop in Iraqi exports

OPEC oil output fell this month by 80,000 barrels per day (bpd), a Reuters survey found, as exports from northern Iraq dropped and other...

Italy judge expected to rule on Eni, Shell indictment over Nigeria on Dec. 20...

An Italian judge is expected to decide on December 20 whether to send oil majors Eni and Shell to trial over alleged corruption in...

NNPC ready to secure downstream assets – Official

The Nigerian National Petroleum Corporation (NNPC) has mapped out strategies to boost security around its depots and pump stations to ensure they remain functional. A...

NNPC set to grow revenue generation

The Nigerian National Petroleum Corporation (NNPC) says it will  grow the nation’s revenue with the flag off of marine seismic data acquisition in Oil...

62 pipelines vandalised in August – NNPC

The Nigerian National petroleum Corporation (NNPC) in its August Financial and Operations Report says that it recorded no fewer than 62 incidences of pipeline...

Nigeria’s gasoline price cap hurting industry, costing economy

Nigeria must remove its gasoline price cap to prevent shortages, enable investment and keep the government from using valuable resources to import fuel, delegates...

Oil prices to rise above $60 on tightening supply, strong demand

Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand...

Senate, Russian oil firms in talk on Nigeria’s oil and gas

The Senate said on Thursday of discussions with Russian oil companies for partnership to develop Nigeria’s oil and gas sector. Disclosing this in an interview...
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