NEWS

Malabu: Italian Court Postpone Shell, Eni Trial Over Nigeria Bribery

A trial for oil giants Eni and Shell over bribery and corruption allegations in the purchase of an offshore oilfield in Nigeria...

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NNPC Says It Has Driven Down Cost Of Producing Crude To $20/b

The Nigerian National Petroleum Corporation (NNPC) Monday, said it has brought down the cost of producing a barrel of crude oil to...

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NNPC To Resume Oil Exploration In Nasarawa State

The Nigerian National Petroleum Corporation (NNPC) says it is set to immediately resume oil exploration activities in Nasarawa State. Dr Mazadu Bako, the...

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Global Oil Players Flock To Houston As OPEC, U.S Shale Tensions Ease

The oil industry’s biggest names gather this week at CERAWeek, the largest energy industry get-together in the Americas, at a time when...

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At N145/L Of Petrol Nigeria Losses N774m Daily To Differentials

New facts have emerged that for retaining the pump price of petrol at N145 a litre, the Nigerian government, through the state...

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OPEC February Oil Output Falls, As Nigeria Gains 20,000bpd Output

OPEC oil output fell in February to a 10-month low as the United Arab Emirates joined other Gulf members in over-delivering on...

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NNPC Plans Delivery of 3.4bscf Daily Domestic Gas Supply By 2020

The Nigerian National Petroleum Corporation (NNPC) has identified Seven Critical Gas Development Projects (7CGDP) scheduled to deliver about 3.4billion standard cubic feet...

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BP Starts Up Gas Field Offshore Egypt At 33% Below Initial Cost Estimate

BP has started gas production from the Atoll Phase One project in the North Damietta offshore concession in the East Nile Delta....

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Climate Change: NNPC, Kogi Sign Deal To Produce 84m Litres of Bio-fuel Annually

The Nigerian National Petroleum Corporation (NNPC) and the Kogi State government Tuesday executed a Memorandum of Understanding for the development of fuel-ethanol...