Tag: oil

NNPC realised a trade surplus of about ₦9.85 billion in September 2018.

The losses mark the largest one-month fall since the depths of the financial crisis in 2008.

Iran’s oil minister says Mr Trump, not OPEC, is behind the recent rise in prices.

Earlier on Thursday, former chief of the Oil Installation Guards declared war in the oil crescent.

Sudan has been hit in recent months by fuel shortages which have forced people to queue at gas stations for ...

Traders say oil rises due to efforts led by the OPEC

The association says the sale will mortgage the nation's future.

NGO says spill affected at least 350 communities in Delta and Bayelsa states.

Number of U.S. rigs drilling for new production fell.

Mr. Osinbajo spoke at the 2nd National Council Meeting on the Niger Delta, in Akure.

The Nigerian government will convert current illegal refineries into modular refineries.

Niger Delta people have long complained that while oil exploration activities pollute their environment, IOCs pay taxes elsewhere.

The government has been combating air smog in parts of the state.

The Authority is working on establishing three more in Ibaka, Ibeno and Ikot Abasi in Akwa Ibom state.

NEITI urged the President to issue an Executive Order making beneficial ownership disclosure mandatory by extractive industries

Oil price has more than halved since the summer of 2014 when it was above 100 dollars a barrel.

The NNPC also pledged to find a solution to Niger Delta militancy.

The Minister of State for Petroleum expressed joy that the deal would bring more investments into the country.

A union leader directed the company’s workers at offshore locations to shut down rigs.

Nigeria targets N10 trillion revenue in 2017

The president is personally championing the move to supply crude to Kaduna refinery, NNPC chief says.

OPEC member countries proposed Iran cap its oil output at 3.92 million barrels per day

Russia, a non-OPEC member, agreed to freeze if consensus is reached.

The announcement came days after ExxonMobil sold its 60 per cent stake in Mobil Oil Nigeria Plc.

NNPC says the latest technology is similar to what was used by neighbouring countries to discover oil.