Nigeria’s oil production reduce to 1.2 million per barrels

The Nigeria crude oil production fell from a total two million barrels per day to as low as 1.27 million bpd amid the shutdown of two...

Mosimi oil depot resumes work after almost a year of vandalism

Nigeria's Mosimi oil depot has resumed loading after almost a year, when a major pipeline was vandalised last May, the state oil company said...

FG to ensure liquidity and stability in power sector, says Fashola

Minister of Power, Works and Housing, Mr. Babatunde Fashola, has restated the commitment of the Federal Government to its responsibilities in the power sector,...

Oil prices rise on strong demand, uncertainty over Syria conflict

Oil prices rose on Monday, supported by strong demand and uncertainty over the conflict in Syria, although another run-up in U.S. drilling activity kept...

Nigeria obtain $29 billion from Shell JVs in last four years

The royalties and corporate taxes paid by Shell to the Nigerian government last year increased to $1.4bn from $1.1bn in 2015 on the back...

Shell knew ex-minister’s company would get oil-deal cash

Royal Dutch Shell Plc said it knew some of the $1.1 billion paid to the Nigerian government in 2011 for an exploration license would...

Businessman to set up $2 billion modular refinery in Edo

U.S.-based businessman, Mr Charles Ihaza, says he has acquired about 453.9 hectares of land to establish a modular refinery in Eghudu, Ovia North East...

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...

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...

Nigeria crude importation will reduce to 60 per cent by 2018

The nation Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has reiterated Federal Government’s resolve to reduce importation of petroleum products from the...

India lost spot as Nigeria’s top oil buyer as import fall...

First time in at least two years, India’s monthly import of Nigerian crude oil has fallen below six million barrels, the latest monthly report...

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...

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