By Odunewu Segun The Nigerian National Petroleum Corporation has called on the Senate Downstream Committee to assist in ensuring that the outstanding debt of N170.6bn owed...
President Muhammadu Buhari says his administration will ensure that proceeds from rising oil prices will be put to good use. Brent crude futures, the international benchmark...
Just as the rising oil price is moving close to $80 on US crude inventory drop, Nigerian petroleum industry observers have predicted that sooner than later,...
Brent oil prices hit $71 per barrel on Thursday, January 25, for the first time since 2014 as the dollar continued to weaken and crude inventories...
The House of Representatives on Thursday passed the Petroleum Industry Governance bill through its third and final reading. The final report of the bill with the...
The Vice-Chairman, South-West, Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Mr Rotimi Benjamin has urged the Department of Petroleum Resources (DPR) to stop sealing...
The renewed drive to raise the productivity of all four national refineries is getting the best attention. This is coming from the latest hint dropped by...
Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of producers around the...
Considering what can best be described as observed cold feet of supposed investors in the development of several key infrastructure projects across the country including the...
Crude futures edged higher on Monday, January 22, buoyed by comments from Saudi Arabia that cooperation between oil producers who have cut production to boost prices...