OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has released its 2019 audited financial statement, about five months after publishing its 2018 repo

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday said the corporation is no longer afra

Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have again threatened to disrupt oil and

A gas plant exploded Thursday morning at the Ipaja area of Alimosho local government area of Lagos, the Lagos State Emergency Management Agency (LASEM

The Petroleum Industry Bill (PIB) has proposed that the host communities will receive 2.5 per cent fund on the basis of the oil companies’ actual oper

Oil prices slumped by about three percent yesterday, hours after the President of the United States, Donald Trump announced that he tested positive fo

Chevron Nigeria Limited (CNL) says it will downsize its workforce in Nigeria by 25 percent across various levels in the oil firm, a development frowne

The Petroleum Industry Bill (PIB) has passed first reading at the senate. The bill was introduced after Yahaya Abdullahi, the majority leader of the s

The Minister of State for Petroleum Resources, Chief Timipre Sylva, yesterday warned that succumbing to pressure to reinstate the fuel subsidy recentl

Minister of State for Petroleum, Timipre Sylva, has dismissed media reports that the new draft of the Petroleum Industry Bill (PIB) sent to the Nation

The Nigerian National Petroleum Corporation (NNPC), has said that it was not in the national oil company’s interest to remain the only importer of pet

The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) yesterday bemoaned its huge losses to the tune of N320 billion as a result of the co

Barring unforeseen circumstances, President Muhammadu Buhari would next week send the long-awaited oil-reform bill to the Senate, sources familiar wit

Oil prices fell on Wednesday after an industry group reported a surprise rise in U.S. crude, adding to worries about demand that led to a steep sellof

The Nigerian National Petroleum Corporation (NNPC) has disclosed that between July 2019 and July 2020, Nigeria flared more gas than it supplied to its