OIL AND GAS

The Organization of Petroleum Exporting Countries (OPEC) and its allies led by Russia yesterday in Vienna agreed on additional output cuts of 500,000 bpd. It is said to be one of the deepest output cuts this decade to support crude prices…

...Fire caused by oil thieves and pipeline vandalism Nigerian National Petroleum Corporation (NNPC) yesterday assured members of the public of seamless supply and distribution of petroleum products supply in the country throughout the…

Dutch oil giants, Shell, has won a UK court ruling preventing London authorities from enforcing a $516 million Nigerian judgment for damages caused by an oil spill half a century ago. A Nigerian court had in 2010 ruled against Shell,…

………Threaten to overproduce if the cheating continues Saudi Arabia has threatened to rubbish the global oil market if members of the Organisation of Petroleum Exporting Countries (OPEC) continue to cheat on oil cut agreements. The global…

African Energy Chamber has urged African OPEC and non-OPEC members to commit themselves to the Declaration of Cooperation and ensure compliance. Global oil producers are convening today in Vienna, Austria for the 177th OPEC Meeting.…

The Organisation of Petroleum Exporting Countries (OPEC) is meeting in Vienna on Thursday to among others review oil cut agreements and deal with developments in the global volatile market The global oil market in the last month has…

Group managing director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has expressed the commitment of the Corporation towards achieving desired outcomes in ongoing exploration activities in Nigeria’s…

The African Energy Chamber has launched its inaugural ‘Top 25 Movers and Shakers to Watch’ list. The list provides a window to what key developments and advancements the African energy sector can look forward to in 2020 and beyond. It also…

Nigeria’s indigenous oil production company, Beleaoil has entered into agreement with three other companies to establish a one-stop children's hospital in Daura, Katsina state, the home town of Nigeria's President, Mohammadu Buhari. The…

Nigerian National Petroleum Corporation (NNPC) has distanced itself and its subsidiaries from a trending online advert inviting unsuspecting members of the public to submit entries for a phantom “2019/2020 Annual Chemistry Competition’’. …

The President of the Nigerian Senate, Ahmad Lawan on Wednesday called on the management of the Nigerian Liquefied Natural Gas (NLNG) to make Liquefied Petroleum Gas (LPG) or cooking gas readily available for domestic use. Addressing a…

The Abuja-Kaduna-Kano (AKK) pipeline project has been holding the key to resolving the power deficit challenge of Nigeria. The managing director of the Nigerian National Petroleum Corporation, Mr. Mele Kyari, who stated this in Abuja…

...summons NNPC, Brass LNG management The Nigerian Senate has summoned the management of the Nigerian National Petroleum Corporation (NNPC) and the Brass Liquefied Natural Gas (LNG) for a discussion on the extent of implementation of…

Equatorial Guinea has announced the winners of the country’s oil, gas and mining concessions. According to a release by the ministry of mines and hydrocarbons Block E G-27 was awarded to Lukoil and GEPetrol and Block EG-09 was awarded to…

……….. AfDB], Prosper Africa back project  Uganda’s $4.27billion, new refinery will produced diesel, petrol, kerosene, jet fuel, liquefied petroleum gas and heavy fuel oil. The establishment of the refinery is expected to save Uganda…

Nigerian Bureau for Statistics (NBS) has said that Nigeria’s economic growth rose to an annual rate of 2.28% in the three months to the end of September after the production of its main export commodity, crude oil, rose to a more than…

The Nigeria Extractive Industries Transparency Initiative (NEITI) and Nigerian National Petroleum Corporation (NNPC) have set up a joint committee to deepen collaboration in order to promote transparency in the oil and gas industry. …

A widely known South African insurer, African Infrastructure Investment Managers (AIIM), a member of the Alternative Investments unit of the Old Mutual Group, the South African insurance company, is now an owner of a piece of a grid…

A Federal High Court sitting in Abuja overruled the application for adjournment of trial by a British national, James Nolan, who is one two Britons implicated in the sensational $9.6billion oil deal judgment against Nigeria by the Irish…

…… Sylva, Dangote Applaud NNPC for Consistency The management of the Nigerian National Petroleum Corporation (NNPC) has explained that the NNPC National Science Quiz Competition, which was concluded yesterday in Abuja, is targeted at…