OPEC allocates new oil production quota
The Organisation of Petroleum Exporting Countries (OPEC) has approved 1,718,000 barrels per day (bpd) quota for Nigeria. Angola, the other...
Natural Resources
TotalEnergies, CNOOC in deal to invest in Uganda’s Lake Albert
TotalEnergies and project partner China National Offshore Oil Corporation (CNOOC) have announced the Final Investment Decision (FID) for the Lake...
IoD seeks stakeholders’ collaboration for PIA implementation success
Dr Ije Jidenma, President, Institute of Directors (IoD) has stressed the need for all hands to be on deck to...
NNPC’s remittance to Nigeria drops by 80%
The Nigerian National Petroleum Company (NNPC) Limited was unable to remit 80 per cent of its projected contribution to the...
Oil firms risk getting stranded in asset of $500bn
Major oil companies could get caught in a stranded asset trap worth as much as $500 billion if the current...
Petrol queues disappear in Abuja
Queues for Premium Motor Spirit (PMS) at filling stations in the Federal Capital Territory (FCT) caused by artificial scarcity have...
Nigeria makes N174b from marginal field bid round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that the sum of N174 billion was realised from the 2020...
What Nigeria has done in oil and gas sector – Sylva
The Ministry of Petroleum Resources says it has delivered on all priority project areas assigned to the ministry by President...
IPMAN advises Nigerians against panic buying of petrol
Independent Petroleum Marketers Association of Nigeria (IPMAN), on Friday, urged Nigerians to avoid panic buying of fuel, saying there were...
NNPC secures $5bn from Afreximbank fo fund investments
The Nigerian National Petroleum Company Limited (NNPC) has secured a $5 billion corporate finance commitment from the African Export-Import Bank...
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