Petroleum

The Nigerian National Petroleum Company Limited (NNPC Ltd) says the cooperation with Nigerian security has significantly reduced the scale of oil theft in the Niger Delta following the discovery of several illegal pipes. The Group Chief…

NIGERIA Union of Petroleum and Natural Gas Workers, NUPENG, has vowed to disrupt distribution of petroleum products in Rivers State if in seven days from Wednesday, relevance stakeholders fail to address alleged indiscriminate arrest and…

The Minister of Finance, Zainab Ahmed, has disclosed that President Muhammadu Buhari has set June 2023 as the date for the removal of fuel subsidy. Ms Ahmed disclosed this while appearing Thursday before the House of Representatives ad…

Peter Obi, the standard bearer of the Labour Party (LP) in the 2023 general election, has advocated the need to end the “criminality that is called oil subsidy” in Nigeria. Mr Obi, who spoke on Thursday at an event in Abuja, lamented…

As the price of crude oil in the International market continues to rise in recent times, Nigeria has not been able to reap appreciable economic benefits. The News Agency of Nigeria (NAN) reports that the price of crude oil, the country’s…

The Nigerian National Petroleum Company Limited (NNPC Ltd) says it will do business at the price dictated by the federal government and promised to publicly declare its asset base soon. According to its CEO Mele Kyari, by the middle of…

Oil marketers have yet to receive a response from the Federal Government as regards the outstanding payment of bridging claims incurred by dealers for the transportation of petroleum products across the country and might go ahead with their…

Nigeria must find a way to block oil theft which is now at $10 million per day, says Mike Sangster, the Managing Director, TotalEnergies EP Nigeria Ltd. “You can see some of the figures in the press! I mean, maybe it’s up to 100,000…

The Secretary-General of the Organisation of Petroleum Exporting Countries, Muhammad Barkindo, is dead. Barkindo died late Tuesday. The Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, announced…