Oil Price Volatility Threatening Nigerian Content Development — NNPC   The Nigerian National Petroleum Corporation, NNPC, Wednesday, expressed concern that the persisting volatility in the price of crude oil is…

Our Revenue From Oil Insignificant- Buhari Nigeria is rich in petroleum resources, but the challenges confronting the country are so enormous as to render the oil earnings insignificant, President Muhammadu…

Buhari Attends Gas Summit In Malabo President Muhammadu Buhari will depart Abuja Friday to participate in the 5th Gas Exporting Countries Forum (GECF) Summit in Malabo, Equatorial Guinea. Apart from the…

Oil Blocks: We’ll Conduct Bidding Rounds In Ultra-deep Waters Next Year — NNPC   Following stakeholders’ call on the Federal Government to place oil blocks at the bosom of local…

‘If We Followed Plans, We Would Have Been Earning More From Gas Than Petroleum Now’ President Muhammadu Buhari Tuesday hosted Special Envoy of President of Equatorial Guinea, Teodoro Obiang Nguema…

Nigeria Oil Output 1.6-1.7 million bpd, In-Line With OPEC Cut – NNPC Nigeria is producing 1.6 million – 1.7 million barrels per day (bpd) of crude oil, the chief operating…

DPR Inspects Depot Operations, Warns Against Price Hike The Department of Petroleum Resources (DPR), has warned against hike in the prices of petroleum products in Calabar and Cross River, as…

Nigeria Moving Away From Oil Dependence – Osinbajo Vice President Yemi Osinbajo says Nigeria is in the process of moving its economy away from dependence on oil. Laolu Akande, Osinbajo’s…

Buhari Signs Amended Deep Offshore Act President Muhammadu Buhari Monday in London signed the amended Deep Offshore Act. According to the President, “Today is an important day for all Nigerians…

PMAN, NUPENG, PTD Workers Issue 7-Day Ultimatum To FG Over Deplorable Roads Stakeholders and workers’ unions at the Nigerian National Petroleum Corporation (NNPC) Depot in Mosinmi, Sagamu area of Ogun…

DPR Seals 5 Filling Stations In Cross River For Sharp Practices   The Department of Petroleum Resources (DPR) has sealed five fillings stations in Cross River for selling petrol above…

NNPC Signs MoU With Russian Oil Company Nigeria and Russia Thursday in Sochi, Russia, signed an important Memorandum of Understanding (MoU), which will enable both countries’ oil giants, Nigerian National…