Tag: oil

The president tells South Sudan to draw from Nigeria’s experience of depending on oil alone.

The president commissions projects to mark the 40th anniversary of the creation of Ogun State.

The northern development company says it needs some $20 million to explore each of four blocks allotted to it.

The Arco boss praises the Nigerian Oil and Gas Industry Content Development Act.

The upper chamber slashed petrol subsidy from N200 billion to 100 billion.

OPEC projected that non-OPEC countries would supply 57.1 million barrels per day of on average this year.

The sector returned N45 billion in profit in 2013

Production from the field is expected to contribute about 40,000 barrels of oil equivalent per day.

The Committee on Devolution of Power agrees to involve states in mining activities. The co-chairman of the National Conference Committee ...

Saudi Arabia has the world’s largest crude reserves. The global oil market is well balanced and top exporter Saudi Arabia ...

The $113per barrel is a one-week low. Brent crude futures rose off session lows on Tuesday after upbeat Chinese data ...

If the nation’s production remains at current level, there would be pressure on the budget and future economic growth, experts ...

While the government fails to act on NEITI report, it raced to pick an award for the office. Despite having ...

An oil and gas firm allegedly attacked an LIRS staff. The Lagos State Internal Revenue Service, LIRS, on Wednesday sealed ...

Revenue Watch has ranked Nigeria amongst the weakest of 58 countries covered in the study of transparency and    proper management ...

Nigeria’s oil Gross Domestic Product (GDP) contracted by 13 per cent in the first quarter of 2013. Nigeria’s Current Account, ...

The union decried the drop in crude oil production since the first quarter of the year. The Nigeria Union of ...

The death last week of the President of Venezuela, Commandante Hugo Chavez, caught me by surprise, although I was aware ...

 The accused persons are being arraigned for alleged involvement in the fuel subsidy scam scheme. The Economic and Financial Crimes ...

NNPC explains its controversial $1.56 billion syndicated loan. The Nigerian National Petroleum Corporation, NNPC, on Monday finally gave an explanation ...

The suspects are to be charged to court A waterways vigilante group run by former militants in Ondo state, weekend, ...

A member of the House of Representatives, Gerald Irona, has attributed the frequent destruction of petroleum pipelines to the high unemployment ...

Amnesty International’s legal adviser advises Nigeria to properly regulate oil companies like Shell.

Mrs. Okonjo-Iweala blamed unnamed petrol marketers for her mum’s kidnap.

The multinational faces risks of multiple law suits in the U.S., U.K., and the EU over its actions in the ...