Petroleum Tanker Drivers in Lagos State have withdrawn their services as directed by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) beginning from Aug. 10....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...
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said Nigeria joined the OPEC+ to cut crude oil supply by 10 million Barrel Per Day....
The African Energy Chamber has urged OPEC and OPEC+ to work together and find a deal to restore market stability. The situation in Africa’s oil economies...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says Nigeria would no longer pay subsidy on petrol with the ongoing...