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LATEST ARTICLES

Nigeria’s oil output could fall 35% without reforms – Expert

Cost increases and uncertainty in Nigeria’s crucial energy sector could lead to a 35% decline in oil output over 10 years as...

Why NPA revoked LADOL’s Land Lease Agreement

Fresh facts have emerged that the Nigerian Ports Authority (NPA) revoked the land lease agreement signed with the Lagos Deep Offshore Logistics...

VANDALISM: Pipeline feeding Brass export terminal shutdown

An oil pipeline explosion in Nigeria forced the local subsidiary of Italian oil major Eni to close a pipeline feeding the Brass...

EFCC to try nine foreigners for oil theft

The Nigerian Navy has handed over seven Sri-Lankans and two Ghanaians, who were among the 66 suspected crude oil thieves arrested in...

NNPC suspends power purchase agreement for AKK project

The Nigerian National Petroleum Corporation (NNPC) has announced the suspension of the Power Purchase Agreement (PPA) for the Ajaokuta-Kaduna-Kano gas pipeline project.

Huawei launches digital oilfield IOT solution in Nigeria

Huawei has launched its fully digital oilfield IOT solution at the Nigeria International Petroleum Summit 2020. The firm, in...

CRFFN begins POF collection

The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), has commenced the collection of Practitioners Operation Fee (POF) in Lagos...

NNPC, USTDA sign Grant Agreement for Abuja IPP

In a further bid to concretize the ‘Year of Gas’ mantra of the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation (NNPC) has...

NIPS 2020: OVH Energy emerges Downstream Company of the Year

…As Shell, Total, Samsung also bag awards OVH Energy, an Oando licensee and the second largest downstream petroleum business...

NLNG achieves 83 percent of its Nigerianization target

The Nigerian Liquefied Natural Gas Company, NLNG has said that it has completed about 83 percent of its Nigerianization process with...

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Four lessons Nigeria must learn from Beirut Port blast

Less than 48 hours to the 75th anniversary of the detonation of an atomic bomb over the Japanese city of Hiroshima by...

Petroleum industry unions seek clarity over new fuel price

As more marketers raised the pump price of Premium Motor Spirit (petrol) on Thursday, the Nigeria Union of Petroleum and Natural Gas...

NNPC takes step to end Oil Mining Lease 130 dispute

The Nigeria National Petroleum Corporation (NNPC), China’s CNOOC Ltd and South Atlantic Petroleum (SAPETRO) signed a preliminary agreement to resolve a dispute...

Glencore posts record oil trading earnings despite lower volumes

…Crude, product volumes slip 8% to 4.27 million b/d…Trading opportunities soar during pandemic upheaval…Reports $2.6 bil net loss on coronavirus impairments