Data obtained by VON from the Organisation of Petroleum Exporting Countries showed that Nigeria’s rig count fell to six in July from nine in June. The...
THE Organisation of Petroleum Exporting Countries, OPEC, on Wednesday, put Nigeria’s oil output at 1.3 million barrels per day, mb/d. This was disclosed by the organization...
The Nigerian National Petroleum Corporation (NNPC) said 4.36 million oil barrels was lost and no fewer than 14 crude oil export terminals in the country were...
Petroleum Tanker Drivers in Lagos State have withdrawn their services as directed by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) beginning from Aug. 10....
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell petrol at the old rate of N143 per litre, pending the new...
The Nigerian National Petroleum Corporation (NNPC) is set to take legal action against a Mexican oil firm, SAMACO SA DE CV and its officials for attempting...
An oil trading firm, Samano Sa De CV, has demanded compensation for exposing the theft of 48 million barrels of crude oil valued at $2.6 billion...
Nigeria’s former Minister of Petroleum, Dan Etete is clearly not out of the hook as investigation into allegations of corruption and money laundering against him has...
Some experts in the oil and gas sector have expressed concern over Federal Government’s pronouncement of deregulating the downstream oil and gas sector without a law...
The Nigerian National Petroleum Corporation (NNPC) reported that vandalism of key assets (pipelines) in the nation’s hydrocarbon resources industry rose by 50 percent in January this...
Traders monitoring the West African market have revealed that one of the Nigerias’s benchmark grades, Bonny Light, fell to about $12 or $13 a barrel this...
On Easter Sunday, OPEC and OPEC+ member countries have finally decided to cut oil production by 9.7 million barrels a day starting on May 1st, 2020...