NNPC account feels strain as petrol landing cost nears N180/litre

NNPC account feels strain as petrol landing cost nears N180/litre

Analysts have said that the account of the Nigerian National Petroleum Corporation (NNPC) is increasingly becoming over-burdened as the landing cost of petrol has...

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OPEC, Russia signal oil pact may last beyond 2018

OPEC, Russia signal oil pact may last beyond 2018

OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a global glut and signaled their...

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Operators project Nigeria’s LPG market to grow to $10b in 5yrs

Operators project Nigeria’s LPG market to grow to $10b in 5yrs

Operators under the aegis of the Nigeria Liquefied Petroleum Gas Association (NLPGA), say they have projected the value for Nigeria’s Liquefied Petroleum Gas (LPG) market...

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Kachikwu says transparency index in oil sector still low despite reforms

Kachikwu says transparency index in oil sector still low despite reforms

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the country’s oil industry is still lacking in sufficient transparency and trust,...

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Reps ask NNPC to strengthen NAPIMS for adequate monitoring of JVs

Reps ask NNPC to strengthen NAPIMS for adequate monitoring of JVs

The House of Representatives yesterday urged the Nigerian National Petroleum Corporation (NNPC) to strengthen the National Petroleum Investment Management Services (NAPIMS) so as to...

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NNPC engages original builders to revamp refineries before 2019

NNPC engages original builders to revamp refineries before 2019

The Nigerian National Petroleum Corporation (NNPC) said it had engaged the original builders of the refineries in Port Harcourt, Warri and Kaduna, in a...

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DPR, NLPGA, SON to release action plans following gas explosion

DPR, NLPGA, SON to release action plans following gas explosion

Following the gas explosion in Lagos this week, the issue of safety in the Liquefied Petroleum Gas subsector is taking centre stage, with industry...

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Edo state, Sahara Energy partner to convert flared gas to power

Edo state, Sahara Energy partner to convert flared gas to power

The Edo Government on Wednesday said it had reached a deal with Sahara Energy to power public utilities in the state with flared gas,...

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Vitol agrees $530m oilfield deal with Nigeria’s Shoreline

Vitol agrees $530m oilfield deal with Nigeria’s Shoreline

Shoreline Group, a Nigerian oil producer, plans to almost double its crude output after agreeing a $530 million finance deal with Vitol Group and...

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