Stakeholders, CSOs query proposed Katsina refinery

Stakeholders, CSOs query proposed Katsina refinery

Rather than view Tuesday’s signing of a Memorandum of Understanding (MoU) between Nigeria and Niger Republic for the building of a new refinery as...

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NNPC records N240bn loss over 13-months of petrol imports

NNPC records N240bn loss over 13-months of petrol imports

Between March 2017 and March 2018, a period of 13 months, the Nigerian National Petroleum Corporation (NNPC) incurred a loss of N240,304,755,518 as under-recovered...

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Nigeria focused Erin Energy’s bankruptcy could lead to more legal woes

Nigeria focused Erin Energy’s bankruptcy could lead to more legal woes

It has been gathered that the New York and Johannesburg-listed Erin Energy filed for bankruptcy in May, as it seeks to restructure its debts...

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Russia to increase involvement in African oil, nuclear projects – Putin

Russia to increase involvement in African oil, nuclear projects – Putin

President Vladimir Putin said Friday that Russia is planning to increase its involvement in developing energy projects in Africa, during the tenth BRICS Summit...

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COPL, Shoreline closer to unlocking OPL 226 with receipt of project financing term sheet

COPL, Shoreline closer to unlocking OPL 226 with receipt of project financing term sheet

Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: TSX-V) & (COPL: LSE), an international oil and gas exploration and development company, is pleased...

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FG to launch downstream petroleum infrastructure rebirth plan – Kachikwu

FG to launch downstream petroleum infrastructure rebirth plan – Kachikwu

The Minister of State for Petroleum, Dr. Ibe Kachikwu, would soon launch a new plan to revive operational infrastructure in Nigeria’s downstream petroleum sector...

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Nigeria’s average petrol price dropped to N148 per liter in June

Nigeria’s average petrol price dropped to N148 per liter in June

The National Bureau of Statistics (NBS) has said the average price paid by consumers for premium motor spirit (petrol) dropped to N148.1 in June...

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Europe to become “massive” buyer of U.S. LNG – Trump

Europe to become “massive” buyer of U.S. LNG – Trump

Europe will build more terminals to import U.S. liquefied natural gas, the head of the European Commission, Jean-Claude Juncker told U.S. President Donald Trump during...

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Lack of downstream oil deregulation worries Conoil Chairman

Lack of downstream oil deregulation worries Conoil Chairman

The Chairman, Conoil Plc, Dr Mike Adenuga Jr, has said the lack of deregulation in the downstream sector of the nation’s oil and gas...

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