Warri Refinery produces 2.5m litres of petrol daily

The Managing Director of the Warri Refining and Petrochemical Company, Engr. Solomon Ladenegan, on Tuesday disclosed that the current production capacity of the refurbished...

Nigeria to withdraw licence of idle oil refinery

The Federal Government has said it will withdraw the refinery licences that have remained idle in the hands of private investors since they were...

Oil prices hold steady for third day; eyes on economic data

O il prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets...

Nigeria’s oil production edge up, hits 274, 000 bpd

Crude oil production in the nation rose by 274,000 barrels per day last month, the biggest increase among its peers in the Organisation of...

Nigeria’s less Oil output raise Oil price to $48.74 per barrel

Oil prices reached their highest levels in more than five weeks on Tuesday as the market rode optimism over potential producer action to prop...

Bitumen exploration begins soon in Ondo – Fayemi

Bitumen exploration would start soon in Ondo state and other parts of the country, solid minerals minister Kayode Fayemi, has said.Fayemi made the promise...

Crude oil prices crash, Now Sell at $45.84pb

Oil prices fell slightly at the weekend, remaining near the previous day’s highs, on the prospect of talks by exporters about ways to prop...

South Africa’s $72 billion nuclear project begin in June – reports

South Africa's tender for the estimated 1 trillion-rand ($72 billion) expansion of its nuclear power plants will begin in June when state utility Eskom...

NPDC owes federation $5.531bn, N72.435bn, says NEITI

The Nigerian Petroleum Development Company owes the federation the sum of $5.531bn and N72.435bn, the Nigeria Extractive Industries Transparency Initiative has said. The NPDC is...

Nationwide Group seeks increased mining development in Nigeria

Nationwide Equipment, a subsidiary of United States-based Nationwide Group International, and one of America’s leading mining, construction and marine equipment suppliers, has said it...

Independent oil marketers cart away 100m liters of Petrol

Two independent oil marketers have been accused of stealing 100 million litres of premium motor spirit (PMS) otherwise known as petrol belonging to the...

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...

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