Reports indicate NNPC sales N268bn in February
The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while its total daily production stood at 1.42 million barrels per...
OPEC tasks member countries on positive trajectory
The Organisation of Petroleum Exporting Countries (OPEC) has urged member countries to monitor market development to sustain positive trajectory in the global oil market. The...
NNPC explains N102bn operation expenses for 12 months
Despite the low output of petrol in the last twelve months, the Nigerian National Petroleum Corporation (NNPC) has spent N101.69 billion on overhead expenses last...
Nigeria overtakes Congo as country with worst electricity supply
Nigeria has overtaken the Republic of Congo as the country with less access to electricity globally according to the World Bank. WBG Practice Manager, West...
Buhari restores ownership of OML 123, others to NNPC
President Muhammadu Buhari has approved the restoration of the leases on OMLs 123, 124, 126 and 137 to the Nigeria National Petroleum Corporation (NNPC) which...
Shell’s pipeline spills 213 barrels of crude into Bayelsa community
The Okordia-Rumekpe 14-inch crude truckline operated by Shell Petroleum Development Company (SPDC) has discharged some 213 barrels of crude oil into Ikarama community in Bayelsa....
Union registers 2,500 retailers to ensure safety in cooking gas sale
The Liquefied Petroleum Gas Retailers (LPGAR) has registered about 2,500 members to enhance safety in sale and distribution of cooking gas in Lagos State....
GPC to invest $10million on capacity development initiatives
ANOH Gas Processing Company (AGPC) has reiterated its commitment to spending about $10million on capacity development initiatives in the oil and gas sector. AGPC is...
DPR reacts to NEITI’s allegation on crude oil production
The Department of Petroleum Resources (DPR) has defended itself against claims by the Nigeria Extractive Industries Transparency Initiative (NEITI) that no Nigerian knows the exact...
Nigeria’s daily oil production hits 1.57m barrels
Nigeria and several other members of the Organisation of the Petroleum Exporting Countries (OPEC) exceeded their oil production quotas in March, according to S&P Global...