NNPC: 52m Crude Oil Barrels Lost to OPEC Cuts
Nigeria lost at least 52 million barrels of crude oil between May and December 2020…
All Posts in "Oil, Gas & Power"
Government dissuading Shell from divesting from onshore fields
Royal Dutch Shell has announced plans to divest from its onshore fields to focus more…
DPR’s Oil, Gas Alternative Resolution Centre Begins Operation
The Oil and Gas Alternative Dispute Resolution Centre (ADRC) set up by the Department of…
Buhari’s advisers fault PIB, want NNPC commercialised
The Presidential Economic Advisory Council has faulted a provision in the Petroleum Industry Bill currently…
Nigeria exceeds OPEC+ production quota, to compensate by September
Nigeria exceeded the April production quota set for it by the Organisation of Petroleum Exporting…
Nigeria’s revenue threatened as India slashes crude imports by $39.5bn
Nigeria’s revenue earning capacity has come under threat following the reduction of importation of crude…
Crude nears $70, raises fear of federation account depletion
The international oil benchmark, Brent Crude, was less than 30 cents from hitting $70 amid…
Power Assets’ Sale Won’t Solve Electricity Problems, Says Ex-NBET Boss
A former Managing Director of the Nigerian Bulk Electricity Trading Limited (NBET), Mr. Rumundaka Wonodi,…
NNPC Sells N267bn Crude Oil, Maintains 1.42m bpd Output
The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while…
Oil hits six-week high $68.47 as dollar weakens
The international oil benchmark, Brent crude, reached its highest in six weeks on Thursday as…