Docs: See full reports of the just passed PIGB

The Senate on Thursday passed the first part of the much anticipated Petroleum Industry Bill (PIB) after 17 year of consideration.The Petroleum Industry Governance...

OPEC, others exempts Nigeria from extension of oil output cuts

The Organisation of Petroleum Exporting Countries and 10 non-member countries on Thursday agreed to extend cuts in oil production by nine months to March...

After 17yrs, Senate passes PIB into law

The Senate, Thursday, broke the 17 years deadlock by passing into law the age long Petroleum Industry Governance Bill.Senate President, Bukola Saraki while commenting...

PENGASSAN lauds FG efforts to sustain refineries

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has commended the Federal Government for its effort to ensure that the four...

Oando foresees 2.2 million bpd oil output by June

Chief Executive Officer of Nigeria’s Oando says worst disruptions in oil-producing Delta region are over, and production could reach 2.2 million barrels per day...

‘Bonga produced 702m barrels of oil since inception’

Bonga oil field, operated by Shell Nigeria Exploration and Production Company (SNEPCo), has produced about 702 million barrels of oil since inauguration in 2005,...

Oil prices rise, market expects extended production cut

Oil prices rose on Wednesday, supported by increasing confidence that an OPEC-led production cut aimed at tightening the market would be extended through the...

Shell expresses interest in Deepwater, Nigeria

Shell Petroleum Development Company, SPDC has expressed commitment to invest in Deepwater oil and gas exploration in Nigeria and other parts of the world.The...

Minister vows to resign if Nigeria doesn’t refine enough oil by...

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has vowed to resign if the country fails to attain self-sufficiency in the refining of...

FG requires $1.21bn to revive Ajaokuta Steel Complex

Thirty-eight years after it was established to launch the country into an industrial era, the Ajaokuta Steel Company Limited has failed to properly take...

OPEC ministers will meet this week to approve extensions of production...

OPEC ministers are to head to Vienna this week where they are expected to ratify an extension of the current production cuts that has been...

Union wants ExxonMobil facility in Niger Delta closed down

A Nigerian labor union on today called for the close down of all ExxonMobil Corp facilities in the Niger Delta, a union representative said.Reuters...

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