NNPC, BP sign petrol supply agreement ahead of 2019 elections

NNPC, BP sign petrol supply agreement ahead of 2019 elections

Moves to guarantee petrol availability nationwide and all-year-round was solidified, on Thursday, as the Nigerian National Petroleum Corporation (NNPC) has signed a six-month Direct...

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OPEC sees output peak in October

OPEC sees output peak in October

The Organisation of Petroleum Exporting Countries (OPEC) got record output last month, a Reuters survey found, as higher supplies led by the United Arab...

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Dangote refinery to help wean Nigeria off dirty fuels

Dangote refinery to help wean Nigeria off dirty fuels

Dangote Oil Refinery Company (DORC) has stated that the 650,000 barrels per day refinery has been designed to process a variety of light and...

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MRS, Trafigura sell Forcados as high freight rates weigh on Asian demand

MRS, Trafigura sell Forcados as high freight rates weigh on Asian demand

Some spot cargoes traded on Tuesday but overall buying interest had slowed due to rising freight rates, particularly to Asia. Nigerian Bonny Light, Bonga and...

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India is important to OPEC – Barkindo

India is important to OPEC – Barkindo

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, has said India is an extremely important partner for the...

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NIPCO says it has converted 5,600 petrol powered vehicles to gas

NIPCO says it has converted 5,600 petrol powered vehicles to gas

Downstream player in Nigeria’s oil and gas sector, Nipco Plc has converted a total of 5,600 vehicles in Nigeria to use Compressed Natural Gas...

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NPDC achieves 100% local content input in developing gas handling facility

NPDC achieves 100% local content input in developing gas handling facility

The Nigerian Petroleum Development Company (NPDC), an Upstream Subsidiary of the Nigerian National Petroleum Corporation (NNPC), has achieved a 100 per cent local content...

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Eland Oil & Gas sees progress on its Nigerian oil operations

Eland Oil & Gas sees progress on its Nigerian oil operations

Eland Oil & Gas PLC (AIM: ELA), an oil & gas production and development company operating in West Africa with an initial focus on...

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NNPC paying N53 subsidy on every litre of petrol – Budget Office

NNPC paying N53 subsidy on every litre of petrol – Budget Office

Ben Akabueze, the Director General of the Budget Office, says the Nigerian National Petroleum Corporation is paying N53 on every litre of petrol consumed...

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