Iraq replaced Saudi Arabia as top crude supplier to India in April as refiners moved to boost their processing margins by purchasing the cheaper Basra Heavy...
Insist on pump price review NNPC now imports 90% of fuel By Odunewu Segun A year after the partial liberalization of Nigeria’s fuel market, another crisis...
The Senate has directed the Nigerian National Petroleum Corporation (NNPC) and other revenue generating agencies to stop further capital expenditure until they comply with the Fiscal Responsibility...
Shell Development Company of Nigeria Ltd (SPDC) said it contributed about $29 billion to the Nigerian purse between 2012 and 2016 through its operated...
indicts Banks for aiding illegal transfer By Odunewu Segun The Senate has expressed its resolve to descend on some International Oil Companies, IOCs, their affiliates in...
Mr. Wale Tinubu, the Managing Director, Oando Plc have made known that the company would seek approval from the Federal Government for the refurbishment of one...
Fifteen ships are discharging petroleum products and other commodities at the Lagos ports, the Nigerian Ports Authority (NPA) today. NPA said that the ships were also discharging...
The House of Representatives ad-hoc committee on Review of Pump Price of Petroleum on Tuesday uncovered 40000 metric tons of Premium Motor Spirit (PMS) allegedly traced...
The State Security Service has arrested and detained Ifeanyi Uba, the managing director of Capital Oil and Gas Limited, on allegation of “economic sabotage”. The arrest...
The Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola SAN, has stated that Power Sector will continue to be a major contributor in getting...