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Nigeria: Marketers Exonerate Self From Fuel Scarcity, Expensive Diesel

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…Says vessel rental prohibitive: costs $85,000 daily Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) have dissociated themselves from the lingering scarcity, as well...

Labour Leaders Say DSS Threat on Marketers Over Fuel Scarcity Will...

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Some labour leaders have said that the recent threat by the Department of Security Service against potential products saboteurs nationwide would not be...

NNPC/CNL PV Confirms Securing $1bn Investment Financing

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Nigerian National Petroleum Company Limited (NNPC) Ltd and Chevron joint venture have confirmed the securing of $1.4 billion finance for some of their projects. The...

Nigeria: Oil Theft Degraded, Output Rises to 1.6mpbd – NNPC

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The chief upstream investment officer of NNPC upstream investment management services, Bala Wunti, has said that Nigeria’s oil production rose by 350,000 barrels per...

Nigeria: FG Says No Plan For Fuel Price Increase, Marketers Say...

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The lingering fuel scarcity in major cities of Nigeria continued yesterday with menacing long queues of vehicles at filling stations, and the trotting black...

Nigeria’s 37bn Barrels Oil Reserve and the Prospects of Kolmani Crude...

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Is it really true that North East Nigeria crude oil exploration could change Nigeria’s oil reserve that is reportedly stagnated at 37 billion barrels? During...

Oil Sector Reforms: My Life Is Under Threat – NNPC Boss

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The group chief executive officer of the Nigerian National Petroleum Company (NNPC) Limited, Mr. Mele Kyari, has raised the alarm that his life is...

NNPC Discovers Over 295 Illegal Pipeline Connections By Oil Thieves

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The Nigerian National Petroleum Company (NNPC) has disclosed that the recent onslaught against oil thieves by the Company, in collaboration with security agencies, has...

Nigeria: CBN, FIRS, Chevron, Shell Others Named In Lawmakers Tax-Query List

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Lawmakers in the House of Representatives have accused major oil companies in Nigeria of tax evasion following preliminary findings by the ad hoc committee...

NNPC, Chevron Partner To Boost Domestic Gas Supply Nationwide

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NNPC Upstream Investment Services has announced a partnership with Chevron Nigeria Limited to boost gas supply to the Nigerian domestic market. The NUIS is...

NNPC Flaunts Scored-Card, From Sector Reforms

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From its takeoff on April 1 1977 as a merger of the Nigerian National Oil Corporation (NNOC) and the federal ministry of petroleum and...

Daewoo Group Takes Over Rehabilitation of Kaduna

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...MoU Signed in Seoul    Nigeria has invited Daewoo Group of South Korea to rehabilitate the 110, 000bpd moribund Kaduna Refinery. President Muhammadu Buhari’s special adviser...

UK Court Rules: Nigeria Not Qualified For Compensation Over Glencore Bribery

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A London court has said that Nigeria cannot claim compensation from a British subsidiary of mining and trading group Glencore Energy, over bribes paid...

Nigeria: 13 Years After Oil Spill – Fresh Crisis Looms in...

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Itsekiri, Ijaw, and Urhobo ethnic nationalities and groups in Delta State, impacted by the massive spill of thousands of barrels of crude oil from...

Nigerian Authorities Hopeful After Massive Oil Theft Busts

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The Nigerian National Petroleum Corporation says that weeks of an intense crackdown on oil thieves have significantly reduced the scale of oil theft in...

Tompolo: Three Actors Behind Massive Oil Theft In N-Delta – HOSTCOM...

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Interview In view of the startling discoveries made by the High Chief Government Ekpemupolo led-onslaught against oil theft in the Niger Delta, National Chairman of...

Tompolo Uncovers More Illegal Oil Pipelines In Niger Delta

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An oil pipeline surveillance team contracted by the federal government to check crude oil theft, Tantita Security Services Nigeria Limited, has reportedly discovered more...

CNPP Commends Peter Obi, El-Rufai, Sanusi for ‘Exposing’ NNPC

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The Conference of Nigeria Political Parties (CNPP) has commended the trio of Kaduna state governor, Nasir El Rufai, Labour Party presidential candidate, Mr. Peter...

Sanusi Calls For Scrapping Of NNPC, Says Fuel Subsidy Is Fraud

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...Queries claim that Nigerians’ Petrol Consumption rose 50% to 66mbpd from 40mbpd in 3yrs    Nigeria’s former Central Bank of Nigeria (CBN) governor, Alhaji Lamido...

Nigeria’s Oil Woes To Get Worse Before They Get Better

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As Nigeria moves into election season, oil production is struggling – and it seems it will get worse before it gets better. Nigerian output slipped...