Nigeria Considering Reducing Oil Output For Higher Prices- Buhari President Muhammadu Buhari Wednesday pledged the cooperation of Nigeria to the effort to reduce oil output in order to attract higher…

We Have Not Reduce Fuel Pump Price- IPMAN   The Independent Petroleum Marketers Association of Nigeria (IPMAN), has urged the general public to disregard statements on purported price reduction of…

FG Plans New Finance Scheme To Bridge Oil Sector Funding Gaps   The Nigerian Content Development Monitoring Board, NCDMB, has announced plans to introduce a new financing scheme to address…

‘Right Policies, Reforms In Nigeria’s Oil & Gas Sector Imperative For Prosperous Economy’   Top Civil society activists in Nigeria have reiterated the need for appropriate reforms and right policies…

NNPC To Boost Gas Supply By 600mmscf   The Nigerian National Petroleum Corporation (NNPC) says the development of the Assa North/Ohaji South Fields (ANOH) with its Joint Venture partners will…

FG, Lack Of Commitment Fuelling Gas Flaring – Operators   Federal Government has been accused of failing to show the necessary commitment needed to end gas flaring in the Nigerian…

Buhari Directs NNPC To Extend Exploration To Six Basins   President Muhammadu Buhari has directed the Nigerian National Petroleum Corporation (NNPC) to extend its exploration to six basins in the…

FG Targets $2b From Oil, Gas Lease Licence Renewal   The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says government is targeting about two billion dollars from the…

Nigeria’s Refineries Not Too Old – NNPC   The Nigerian National Petroleum Corporation (NNPC) says the country’s refineries are not too old for effective refining operations. Mr Kragha Anibor, NNPC…

Oil Price Instability To Persist As Main Grade Drops 2.5%   Price of crude oil in the international market recorded another reversal, the third within a space of one week…