Nembe Creek Trunk Line likely to be running empty in 24 months

Nembe Creek Trunk Line likely to be running empty in 24 months

Nigerian companies pumping crude oil into the Nembe Creek Trunk Line (NCTL) have advanced so much in progressing alternative routes that several sources are...

Read More
NNPC cautions consumers against panic buying due to industrial action

NNPC cautions consumers against panic buying due to industrial action

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has appealed to motorists and other consumers of petroleum products...

Read More
FG to launch NDPR modular refinery in November

FG to launch NDPR modular refinery in November

The Federal Government on Wednesday disclosed plans to unveil the first modular refinery in the country in the first week of November. The refinery,...

Read More
Pipeline vandalism dropped by 48% in April – NNPC

Pipeline vandalism dropped by 48% in April – NNPC

The Nigerian National Petroleum Corporation (NNPC), says it recorded a 48.21 per cent reduction in the rate of pipeline vandalism in the month of...

Read More
Trump lays into OPEC again, says cartel is ripping off consumers

Trump lays into OPEC again, says cartel is ripping off consumers

US President Donald Trump has again criticised the Organisation of Petroleum Exporting Countries (OPEC) and its members for taking undue advantage of oil consuming...

Read More
FG may revoke oil firms’ licences over gas flaring by 2019 – Kachikwu

FG may revoke oil firms’ licences over gas flaring by 2019 – Kachikwu

Oil companies that fail to stop gas flaring by 2019 would have their licenses revoked, the Minister of State for Petroleum Resources, Dr. Ibe...

Read More
Total expects boost in cash flow, output from deepwater projects in Nigeria, others

Total expects boost in cash flow, output from deepwater projects in Nigeria, others

Oil and gas major Total , said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output...

Read More
Nigeria sees crude supply rising for November

Nigeria sees crude supply rising for November

BP was bidding for early-October loading cargoes of Qua Iboe, Bonny Light and Bonga at premiums of between $1.40 and $1.60 a barrel above...

Read More
Nigeria looking to boost oil output to 2.3m bpd in 2019 – Official

Nigeria looking to boost oil output to 2.3m bpd in 2019 – Official

The Organization of the Petroleum Exporting Countries (OPEC) will act to balance the market after oil prices hit their highest in four years, but...

Read More