According to the World Bank‘s recent commodity markets outlook report that was released on October 26, oil prices are expected to experience a decline from now till 2024. According to…
Nigeria’s oil and gas exports are at risk of declaring force majeure following the high rate of flooding in some states like Rivers, Delta and Bayelsa states in the Niger…
Oil major, Shell’s Nigerian subsidiary will be starting an investigation over reports that an illegal oil tap ran for nine years on a pipeline it operates, a Spokesperson said on…
The Nigerian National Petroleum Company, Limited, NNPC, says it has enough stock of Premium Motor Spirit, PMS also called petrol enough to meet domestic demand. Fuel queues grew longer in…
The Nigerian National Petroleum Company (NNPC) Limited has denied allegations that it is operating secret accounts. The state-owned oil company claimed that it does not operate a secret account through…
Oil prices jumped Wednesday 21st September 2022 by 3% after President Vladimir Putin hinted Russia is ready to use nuclear force to hold onto its territory in Ukraine. In a…
According to a report by the Organization of Petroleum Exporting Countries (OPEC), Angola and Libya have surpassed Nigeria as Africa's top crude oil producers. OPEC made this known in its…
The Federal Government announced Monday 5th September 2022 that it would start installing its own flow meters on oil production facilities and pipelines in the upstream sector, in contrast to…
According to Mele Kyari, CEO of Nigerian National Petroleum Company Limited, the country's natural gas reserves will triple, reaching 600 trillion cubic feet, from their current level of about 200…
The daily crude oil production volume in Nigeria appears to have received a boost from improved production as FIRST Exploration and Petroleum (E&P) Development Company Limited announced the Madu Conductor…