Tag: oil
Tinubu @ One Year: Oil and gas feat, expectations
On his inauguration on May 29, 2023, President Bola Tinubu, who is also the Minister of Petroleum Resources, began his administration by announcing the...
Oil, electricity workers’ unions mobilise for planned strike
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has directed its members to comply with the directive of the two labour centres...
Okomu Oil Bandit Attacks: Implications for revenue diversification, job creation
In the face of unpredictable foreign exchange earnings from oil, the Federal Government has made conscious efforts to widen the dragnet for foreign receipts.
Before...
Funds, competence necessary in Nigeria’s bidding round- ND Western
An indigenous oil and gas company, ND Western, has disclosed why financial muscle, technical competence and historical performance form the major considerations in Nigeria’s...
NNPC E&P Ltd, NOSL hit first oil in OML 13, Akwa...
The Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P Ltd.) and Natural Oilfield Services Ltd. (NOSL) have announced the successful commencement of...
FG to divest 26 oil blocks of 8.211m barrels reserves
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
the International Oil Companies (IOCs) have proposed 26 oil blocks to be divested to indigenous companies with 8.211...
Crescent Petroleum signs three contracts to develop oil and gas fields...
Crescent Petroleum, the Middle East's oldest privately-owned upstream oil and gas company, has signed three twenty-year agreements with Iraq's Ministry of Oil to appraise,...
The Middle East is enjoying an important period of stability as...
Sharjah, United Arab Emirates — The Middle East is enjoying an important period of political and economic stability with the regional economy buoyed by...
Lalong sets up task force to curb diversion of petroleum products
Gov. Simon Lalong of Plateau has approved the constitution of a task force to address difficulties in accessing petroleum products by the residents of...
Aliko Dangote to invest in Cameroon’s oil market amid revenue decline
Cameroon is the next stop for Nigerian billionaire, Aliko Dangote, as he furthers plan to situate a oil and gas business with the Central...
Nigeria Signs Oil Deal To Unlock $10bn Investment
Nigeria has signed an offshore oil deal with Shell, Exxon, Total and Eni, that the state says will generate millions, settle disputes and open...
COVID-19 surges pull oil down 4 per cent
Oil prices fell by around 4 per cent on Thursday, as surging coronavirus infections around the world threatened to jeopardise a recovery in fuel...
Baker Hughes suffers more loss in Q2
Baker Hughes Co posted its second consecutive quarterly loss on Wednesday and said it would continue to rein in costs in preparation for a...
7 killed in oil installation blast in N’Delta oil field
Seven people were killed in an explosion at the Gbetiokun oil field in southern Nigeria’s Niger Delta region during the installation of a ladder...
Brent Forecast Hurts Nigeria’s Foreign Exchange
Federal Government’s expectation of improve global prices of oil may be douse as Reuter’s poll of dozens of analysts set target price below $40...
U.S. crude oil nosedives, touches lowest price in 3 decades
United States crude oil prices fell sharply, plummeting to their lowest levels since 1986, as a collapse in demand because of the coronavirus and...
NNPC halts payment of subsidies
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says Nigeria would no longer pay subsidy on petrol with...
