The Nigerian National Petroleum Corporation (NNPC) has raised the red flag on the activities of conmen…
Tag: oil
Total acquires Maersk Oil for $7.45bn
The boards of both Total and AP Moller -Maersk have approved the transaction for Total to…
Niger Delta: Borroh advocates economic sustenance outside oil
The Special Adviser to the President on Niger Delta, Brig.-Gen. Paul Boroh, has urged stakeholders from…
Kachikwu: FG working to reduce cost of oil production to $15 per barrel
The Minister of Petroleum Resources, Dr Ibe Kachikwu, has decried the high cost of oil production…
Oil market rebalancing and Nigeria’s production challenges
After woeful outing last year, oil prices rose after the Organisation of Petroleum Exporting Countries (OPEC)…
Oil climbs to $53 as Saudi Arabia promises further cuts
Oil prices rose on Thursday lifted by a sustained decline in inventories and Saudi Arabia’s preparedness…
India considers dumping Nigeria’s oil for US crude
India’s Hindustan Petroleum Corporation is considering dumping Nigeria’s sweet crude for US oil. This is coming…
FG signs oil financing deals with Shell, Chevron
Nigeria has signed financing deals with oil majors Shell and Chevron to develop projects that…
Oil, gas communities assure returning oil companies of adequate security
Oil and Gas Producing host communities in Nigeria (HOSTCOM) say they will ensure the provision of…
Boko Haram can’t stop oil search, says UNIMAID VC
Vice Chancellor of the University of Maiduguri (UNIMAID), Ibrahim Njodi, says the search for oil in…
Kachikwu laments loss of $300bn global oil investments
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday, lamented the loss of…