Oil and Gas
OPEC says DoC yielding stability in oil market
The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that the Document of Cooperation (DoC) between the organisation and non-OPEC...
Navy tackles NNPC: It’s impossible to steal 100,000 barrel of crude oil in a day
The Nigerian Navy has said it is almost impossible to steal 100,000 barrels of crude oil in a day as...
$1.4bn secured for Chevron, NNPC drilling project– Official
Chevron Nigeria Ltd. (CNL) says 1.4 billion dollars financing has been secured to fund the Nigerian National Petroleum Corporation (NNPC)/CNL...
FG to grow oil reserves to 40bn barrels by 2025 – Minister
Chief Timipre Silva, Minister of Petroleum Resources, says one of the key mandates of the ministry is to grow oil...
Petrol sold at N195.29 per litre in September – Report
The National Bureau of Statistics (NBS), says consumers paid N195.29 for a litre of Premium Motor Spirit (Petrol) on the...
Fuel subsidy to go by June 2023 – Minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says the Federal Government will do away with petroleum...
REVEALED: Oil revenue drops from 46.9% to 7.4% in 5 years – Expert
An economic expert, Dr Afolabi Olowookere, has said that oil revenue, in terms of contribution to federation accounts, fell from...
Petrol subsidy not sustainable – IPMAN
The Independent Petroleum Marketers Association of Nigeria (lPMAN), says subsidy on Premium Motor Spirit, popularly known as petrol, is no...
Petrol may sell at N410/litre without subsidy – Kyari
The group chief executive officer of NNPC Ltd, Mele Kyari has stated that the pump price of premium motor spirit...
I get death threats over NNPC reforms – Kyari
The Group Chief Executive Officer of the Nigeria National Petroleum Company (NNPC Ltd), Mr Mele Kyari, has said that he...