World oil demand growth in 2021 is 5.7 mb/d – OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) says World oil demand growth in 2021 now stands at 5.7 mb/d. According to OPEC, this reflects...

NCDMB, GACN, Infini signs gas supply agreement

The Nigerian Content Development and Monitoring Board (NCDMB), the Gas Aggregation Company of Nigeria (GACN), and Infini Power Limited (Infini) have signed a Gas...

TotalEnergies Upstream, partners lament high rate of HIV/AIDS

As the world marks the 2021 World AIDS Day on Wednesday, TotalEnergies Upstream Nigeria Ltd. has lamented the high prevalence of HIV/AIDS, blaming it...

World Bank, El-Rufai applaud Kyari, as NNPC intensifies petroleum sector reform

The Nigerian National Petroleum Company (NNPC) Limited started its activities for the week at the World Bank Nigeria Development Update in Abuja, with a...

Labour rejects proposed petrol price hike by govt

Labour yesterday rejected the proposed hike in the pump price of fuel to N340 per litre next year. It warned that an increase in the...

Petrol to sell for N340 per litre next year, says Kyari

Going by the words of Nigerian National Petroleum Company Limited (NNPCL) Group Managing Director/ Chief Executive Officer (GMD/CEO) Mele Kyari, petrol will sell for...

Oil workers threaten strike action over pay issues

The National Union of Petroleum and Gas Workers of Nigeria (NUPENG) yesterday issued a 14-day warning of the strike over labour disputes, including those...

Disquiet as petrol sells for N159 per litre at depot

There was disquiet yesterday over the hike in the price of petrol. Rejecting the increase, the Nigerian National Petroleum Corporation (NNPC) accused depot owners of...

OPEC revises 2021 global oil demand to 5.7 mb/d

The Organisation of the Petroleum Exporting Countries (OPEC) has revised the 2021 world oil demand forecast downward to 5.7 million barrels per day (bpd),...

Nigeria now earns more from non-oil revenues – Osinbajo

Vice President Yemi Osinbajo says revenue recently flowing into the nation’s treasury are majorly from non-oil and gas exports. This is contained in a statement...

Dangote’s refinery, others to drive Nigeria’s demand for fuel, says Kyari

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said the 650,000 barrels-per-day (BPD) capacity of Dangote Petroleum...

Nigerian Content Board unveils PE Energy centre of excellence

The Nigerian Content Development and Monitoring Board (NCDMB) has commissioned PE Energy Centre of Excellence in Port Harcourt, to provide services in automation, process...

Nigeria’s fuel demand to hit 17.3mmt by 2025

The Nigerian National Petroleum Corporation (NNPC) yesterday said Nigeria’s demand for petroleum products is expected to grow from 15.1 million metric tons last year...

Gov. Sule counsels FG to leverage nation’s gas reserves to address challenges

Nasarawa state Gov. Abdullahi Sule said on Thursday that the country’s major challenges and problems could be resolved with its gas reserves. Gov. Sule said...

Profit Tax: NEITI to refer defaulting oil, gas firms to anti-corruption agencies

The Nigeria Extractive Industries Transparency Initiative (NEITI) says it will report oil and gas companies that have defaulted in remittance of various profit taxes...

PROFILE: Meet new NNPC Limited board members Buhari appointed

President Muhammadu Buhari has directed the incorporation of the Nigerian National Petroleum Company Limited. In August, Group Managing Director of NNPC Mele Kyari, said the...

Araraume heads NNPC Ltd board

A board headed by Senator Ifeanyi Araraume has been appointed for the soon-to-be incorporated Nigerian National Petroleum Company (NNPC) Limited by President Muhammadu Buhari. Group...

FG’s plans to increase oil, gas reserves on course – DPR

The Department of Petroleum Resources (DPR) says the Federal Government’s plans to increase the nation’s oil and gas reserves, are on course and being...

NPDC to resume oil production in Ogoni land

The Nigerian Petroleum Development Company (NPDC) Limited and its partners have expressed a renewed desire to work together to commence production in abandoned oil...

NNPC hails appeal court’s judgment on OML 11

The Nigeria National Petroleum Corporation (NNPC) has hailed the recent Appeal Court judgment affirming its operatorship of the Oil Mining License 11 (OML 11),...
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