OPEC decided to exempt Libya from its oil production cuts due to the production lost through conflicts and its closure of ports and oilfields.
A cursory view of the financial statement shows that the company booked N47.5 billion in impairments, as the company decided to revalue its oil and gas...
What is good for the goose is therefore equally suitable for the gander. It is crucial that the government urgently unrolls a fiscal Marshall plan to...
NNPC has deferred disclosing its future oil export plans, as it tries to keep up with its own share of the oil output cut
The Nigerian National Petroleum Corporation (NNPC) will maintain its crude oil production cut despite the recent bearish trend in the global oil market.
Brent oil prices rose, as expectations of tight global supply outweighed pressure from rising U.S. production and less robust global demand indicators.
Nigeria’s Niger Delta region may turn volatile again going by threats from a newly formed militant group. The group by the name War Against Niger Delta Exploitation...
Economic activities in the country could witness a further uptick in the last quarter of the year as crude oil exports are forecast to hit a...
The relative peace enjoyed in Nigeria’s oil producing Niger Delta may be a thing of the past, if the latest threat by the Niger Delta Avengers...
Russian oil giant Lukoil has opened preliminary talks with Brazilian state owned oil giant Petrobras regarding a purchase of its assets in Nigeria. Petrobras Africa has...
