OIL & GAS
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NNPC, partners construct 200-bed hospital in Yenagoa
The Nigerian National Petroleum Corporation-led oil and gas industry intervention initiative on COVID-19 has commenced the third phase of their…
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FG retains N125/litre petrol price despite crude oil crash
The Federal Government has failed to review the N123.5 to N125/litre pump price of petrol for the month of May…
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COVID-19: Shell Cuts Dividend For First Time Since WWII
Royal Dutch Shell on, cut its dividend for the first time since the 1940s after a first-quarter loss – and…
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COVID-19 Responsible For Slow Meter Rollout — Eko Disco
Eko Electricity Distribution Company Plc said on Wednesday, that the COVID-19 pandemic had slowed down the deployment of meters to…
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Nigerian Oil Firms Cut Expenses, Battle For Survival
Indigenous oil and gas companies are among the operators in the country worst hit by the sharp drop in oil…
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…says Nigeria’s oil, gas exports to fall by $26.5bn
• Oil price rises to $25 The International Monetary Fund has said Nigeria’s oil and gas exports are expected to…
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ExxonMobil director Udom Inoyo retires from service
ExxonMobil affiliate companies in Nigeria have announced the retirement from the Company of Udom Uko Inoyo, Vice Chairman & Management…
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Refineries recorded N9.6bn loss in January, says NNPC
Nigeria’s refineries started their 2020 financial year with losses as they posted a cumulative operational deficit of N9.6bn in January.…
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Oil rebounds above $14 after massive sell-off
US oil prices rebounded above $14 a barrel Wednesday, a day after a sell-off sparked by a major fund selling…
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NNPC delays oil export plans, negotiates with producers
The Nigerian National Petroleum Corporation has delayed publishing its future oil export plans as it negotiates with international oil companies…
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Be ready to pay higher for fuel –PPPRA
Engages CBN on forex rate for petrol importation Nigerians should be ready to pay high or low prices for petrol…
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US oil slips below $15 a barrel on storage worries
US oil prices fell heavily on Monday and slipped below $15 a barrel on renewed storage concerns as the coronavirus…
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NNPC, partners to build medical facilities in states
The Nigerian National Petroleum Corporation on Sunday announced plans of delivering medical infrastructure in all states across the country. NNPC’s…
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Budget: FG to retain $30 benchmark despite oil price fall
The Federal Government is not considering tinkering with the $30 per barrel oil price benchmark for the 2020 budget despite…
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NNPC, partners donate ambulances, others to South-West states
The Nigerian National Petroleum Corporation and its partners handed over six ambulances and medical consumables to South-West states on Thursday.…
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India’s refiner shuns Nigeria’s crude oil in Q1
India’s Reliance Industries, owner of the world’s biggest refining complex, saw its imports of Nigerian crude oil slump to zero…
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Oil crash may warrant production halt, says NNPC
Nigeria has not stopped producing crude oil but a persistent crash in oil prices may lead to a halt in…
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Brent crude crashes to $25, US oil falls below $1
The international oil benchmark, Brent crude, fell to $26 per barrel on Monday, as the demand collapse triggered by the…
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US oil price drops to $10 per barrel as coronavirus hits demand
US oil prices dived to 22-year lows under $11 Monday after crashing 40 per cent in a market flooded with…
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OPEC expects recovery in Q4, fall in demand to 19.73 mil b/d in Q2
• Extraordinary macroeconomic action key to faster recovery, says IMF OPEC is banking on global oil demand recovering by more…
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