OPEC-Russia discussions look to maintain oil cuts despite glut reduction

OPEC-Russia discussions look to maintain oil cuts despite glut reduction

OPEC and Russia will meet in Saudi Arabia this week after all but banishing a global oil glut. While looming political crises threaten to...

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NALPGAM says LPG marketer members not responsible for explosions

NALPGAM says LPG marketer members not responsible for explosions

Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has exonerated its members from the importation and sale of explosive cooking gas (LPG) that has...

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Buhari meets with Shell management, hints at $15bn deal

Buhari meets with Shell management, hints at $15bn deal

President Muhammadu Buhari met with Shell on Wednesday as part of talks he said were to secure $15 billion of investment in the country,...

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Eland Oil & Gas provides OML 40 reserves and resources update

Eland Oil & Gas provides OML 40 reserves and resources update

AIM-listed Eland Oil & Gas has announced the results of a new competent persons report ('CPR') provided by Netherland, Sewell & Associates Inc. ('NSAI') as at...

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NNPC arrives Makurdi to begin oil exploration in Benue trough

NNPC arrives Makurdi to begin oil exploration in Benue trough

The Nigerian National Petroleum Corporation (NNPC) exploration team has arrived Benue State to start the search for oil and gas in the Benue trough....

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NBS says there is no authentic data on Nigerians’ daily fuel consumption

NBS says there is no authentic data on Nigerians’ daily fuel consumption

The National Bureau of Statistics (NBS) has revealed that there is no comprehensive data on the quantum of refined fuel consumed daily by Nigerians...

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S. Korea’s largest refiner to replace Iranian oil with Nigerian light crude

S. Korea’s largest refiner to replace Iranian oil with Nigerian light crude

South Korea’s leading energy company SK Incheon Petrochem plans to increase imports of light crude oil from sources including Nigeria to replace Iranian condensates,...

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14 ships arrive Lagos ports laden with petrol

14 ships arrive Lagos ports laden with petrol

The Nigerian Ports Authority (NPA) said on Wednesday that a total of 16 ships laden with various products including petrol are at the Lagos...

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NNPC floods depots with petrol product

NNPC floods depots with petrol product

As the Nigerian National Petroleum Corporation (NNPC) floods the nation's depots with petrol, the oil marketing companies have begun to develop a series of...

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