Oil jumps to $66 on signs of rising crude demand
The international oil benchmark, Brent crude, surged by five per cent on Wednesday, after a…
All Posts in "Oil, Gas & Power"
BUA, 27 others now have active refinery licences, says DPR
The Department of Petroleum Resources said on Tuesday that 28 investors, including BUA Refinery &…
FG Pledges to Implement Report on $1bn Abandoned Oil Facility
The federal government has received the report of the compensatory contracts and other incentives committee…
Marketers project petrol price reduction as oil falls
Brent, the oil against which Nigeria’s crude is priced, continued its fall in price on…
NNPC to resume oil exploration in Sokoto Basin
The Nigerian National Petroleum Corporation on Thursday announced plans to resume active oil exploration in…
NNPC targets 18-month completion, signs $1.5bn Port Harcourt refinery repair contract
The Nigerian National Petroleum Corporation on Tuesday officially signed the contract with Tecnimont SPA for…
Oil falls to $62 as COVID-19 dims demand outlook
The international oil benchmark, Brent crude, fell the most in nearly two weeks on…
NNPC Eyes $8.7bn Investments from Rehabilitation of Refineries, Pipelines
The Nigerian National Petroleum Corporation (NNPC) expects an investment of about $8.7 billion to flow…
Nigeria, others reduced oil production by 2.6 billion barrels – OPEC
Nigeria and other participating countries in the Declaration of Corporation by member and non-member nations…
N53.36bn spent on pipeline repairs in 11 months – NNPC
A total of 441 points on petroleum products pipelines were vandalised in 2020, compared to…