Tag: oil

The fire incident at about 4.32 p.m. on Wednesday affected one of the 60 MegaVolt Ampere (MVA) power transformers in ...

OML 102 is operated by TotalEnergies EP Nigeria with a 40 per cent interest, alongside partner NNPC Ltd with the ...

“The Very Large Crude Carrier (VLCC), MT Heroic Idun and its 26 foreign crew were arrested after entering Nigeria’s waters ...

In April, Nigeria recorded an output of 999,000 barrels per day (bpd), a reduction compared to the 1.3 million bpd ...

The regulations will support sustainable growth and investment across the oil and gas value chain in Nigeria, an official said.

The force majeure was declared on March 3, 2022

The victims were scooping crude products when the explosion occurred, the police said.

Nigeria’s crude oil production climbed to 1,336 million barrels per day, from 1,271 million in December 2022.

Nigeria is the market to watch this year not only because of the opening of the Dangote refinery but because ...

The discovery will attract foreign investment and generate employment, an official said.

The security intervention team demolished a filling station for allegedly being in the custody of stolen crude

The DSS threats notwithstanding, fuel scarcity persisted as Nigerians have continued to lament scarcity of petroleum products during festive periods.

An official says procurement has been made for suppliers of petroleum products until next year after the election.

The barter of gold for oil represents a major structural change, an official said

PDP presidential candidate, Atiku Abubakar, said that if elected, oil thieves would be prosecuted regardless of their status in the ...

OPEC had last month agreed to raise oil output by 100,000 barrels per day.

The new entity would become a commercially oriented and profit-driven national oil company independent of government

Mr Barkindo will be buried in his home town in Yola, Adamawa State, on Wednesday.

“I think there was information about the man that he was coming with some amount of money. So, they took ...

The fall was led by vegetable oil and sugar.

President Muhammadu Buhari presenting the 2022 Budget. The Buhari government has since coming into office in 2015 spent more than ...

An oil rig: Oil has been both a blessing and a curse to different countries. By separating oil revenues from ...

Brent crude futures fell 0.8 per cent to $55.35 a barrel, after losing 10 cents on Wednesday.

Mr Ikpea’s resignation has further swelled the list of political appointees that have resigned ahead of the election.