NEWS

Oil Not Found In Commercial Quantity In Bida Basin, NNPC Chief Says

Nigeria’s national oil firm chief, Dr. Maikanti Baru, Saturday, said that crude oil has not been found in commercial quantity in Bida...

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Netherlands Becomes 51st EITI Implementing Country

The Netherlands, Wednesday, became the 51st Extractive Industries Transparency Initiative (EITI) implementing country. This followed the EITI’s Board approval of The Netherlands...

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Refineries Performed At 12.26% Average Capacity In 3yrs, Report Finds

A report reviewing the operations of the Nigeria National Petroleum Corporation (NNPC) between 2015 and 2017 has found that for the last...

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Nigeria Targets 10% Global LNG Market

The Federal Government says it is targeting 10 percent of the world’s market share in traded Liquefied Natural Gas (LNG), as part...

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NEITI Urges Review Of PSCs As Billions Lost To Obsolete Law

The Nigerian Extractive Industries Transparency Initiative (NEITI) has called for the urgent review of the country’s obsolete Deep Offshore and Inland Basin...

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Research Reveals NNPC’s Poor Contributions To Economic Value Chain

…as calls for PIGB assent mounts Despite being in charge of the Nigeria’s vast oil and gas resources and controlling majority...

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Oil Prices Spike As OPEC Sticks To Increased Output

Oil prices soared Friday as a divided OPEC came together and agreed to modest production increases of 1 million barrels a day....

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Nigeria Sees Slump In Oil Prices As Growth Opportunity

Despite slump in oil prices, the Nigerian National Petroleum Corporation (NNPC) has outlined plans to attract private investments, ensure sustainable development and...