Total, NNPC, other partners to launch Egina crude grade this month

Total, NNPC, other partners to launch Egina crude grade this month

French oil major, Total and the Nigerian National Petroleum Corporation (NNPC) along with some other partners will, later this month, launch Egina crude in...

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IOCs turn spotlight on Africa as majors seek to tap continent’s vast oil reserves

IOCs turn spotlight on Africa as majors seek to tap continent’s vast oil reserves

Africa is entering the oil-hunt spotlight as drillers, flush with cash after crude’s recovery, are turning their attention back to the continent’s potentially vast...

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Global oil demand to hit 100m bpd earlier than projected – OPEC scribe

Global oil demand to hit 100m bpd earlier than projected – OPEC scribe

World oil consumption will reach 100 million barrels per day (bpd) later this year, hitting that level much sooner than previously forecast, OPEC’s secretary-general...

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NSCDC arrests 19 Benin nationals for petroleum products theft

NSCDC arrests 19 Benin nationals for petroleum products theft

The Nigeria Security and Civil Defence Corps (NSCDC) in Lagos State on Monday said it had arrested 19 nationals of Benin Republic for alleged...

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BP bids push Nigerian crude differentials higher

BP bids push Nigerian crude differentials higher

Nigerian crude differentials rose on Monday, supported by bidding from BP. Qua Iboe for October loading was bid by BP via Platts at dated Brent...

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Nigeria to propel refining capacity growth in MEA region to 2022 – GlobalData

Nigeria to propel refining capacity growth in MEA region to 2022 – GlobalData

Nigeria will be the growth engine of the refining industry in the Middle East and Africa between 2018 and 2022, as the country is...

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Forex issues, others put marketers off kerosene importation

Forex issues, others put marketers off kerosene importation

Oil marketers in Nigeria are still reluctant to resume the importation of Dual Purpose Kerosene (DPK), after abandoning the venture for over two years...

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FG ignored advice to review expired 1993 PSC terms – NNPC

FG ignored advice to review expired 1993 PSC terms – NNPC

The Nigerian National Petroleum Corporation (NNPC) yesterday stated that it advised the federal government in 2008 to trigger the clauses in the 1993 Deep...

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Chinese national oil firm guarantees funding for NNPC’s AKK pipeline project

Chinese national oil firm guarantees funding for NNPC’s AKK pipeline project

China National Petroleum Corporation (CNPC) has assured the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, of its unflinching...

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