Category: Oil and Gas

Delta security personnel seize large vessel with stolen crude oil

The pipeline surveillance security company, Tantita Security Services Limited has intercepted a large vessel called “MT Tura...

Eastline Energy sues Conoil over $774,789 debt

Eastline Energy Resources Limited, an oil and gas servicing firm based in Port Harcourt, has filed...

Brent declines amid slow economy

US crude oil rose around 3% on Wednesday, closing the price gap with global benchmark...

Oil sector deregulation will create more jobs – NOA

The National Orientation Agency has stated that the liberalization of the petroleum industry’s downstream sector will...

Russia to reduce oil exports by 500,000 BPD in August – Report

Russia’s top energy official declared on Monday that the country will voluntarily reduce oil exports by...

NNPCL, marketers fuel vessels to arrive next week – IPMAN

    Large shipments of Premium Motor Spirit, often known as petrol, will be imported...

IPMAN debunks plan to raise petrol price to N700/litre

The Independent Petroleum Marketers Association of Nigeria has refuted the association’s purported proposal to raise the...

Oil prices surge as Saudi Arabia prepares to cut output

Saudi Arabia has announced a significant cut of one million barrels per day in its...

NMDPRA calls for calm amid PMS subsidy removal

Juliet Buna The Nigerian Midstream and Downstream Petroleum Regulatory Authority on Tuesday assured of an...

Fuel subsidy: NNPCL cautions against panic-buying

The Nigerian National Petroleum Company Limited has stated that prospective increases in petrol prices are...

NNPC resumes Borno oil exploration after six years pause

The Nigerian National Petroleum Company Limited has begun oil drilling in Borno state’s Lake Chad Basin....

FG shuts down unlicensed fuel marketers

  The Federal Government declared on Monday that no unlicensed petroleum product dealer would be...