NLNG) signed the engineering, procurement and construction (EPC) contract for Train 7, its major gas expansion plan
OPEC and OPEC+ finally agreed to a historic cut in crude oil output as part of measures geared towards tackling the global oil crises.
Nigeria has thrown itself into the battle for market share that was started by Saudi Arabia, offering its export crudes at the lowest price
FG has begun consultations with relevant stakeholders on the possible reduction in the pump price of Premium Motor Spirit (PMS).
Minister of State for Petroleum, Timipre Sylva said the Organization of OPEC and non-OPEC countries would meet over production cut.
About one billion barrels of crude oil have been discovered in the North-Eastern part of Nigeria, Timipre Sylva disclosed.
Timipre Sylva has disclosed that a new Petroleum Industry Bill (PIB) would be sent to the National Assembly next week.
The Federal Government (FG) has disclosed plans to sell fuel at a reduced price of N97 per litre.
The Council of Ministers of APPO has been urged by President Muhammadu Buhari to support the $1 billion recapitalisation of the AEICORP.
New oil production cuts must be announced by the Organisation of OPEC+ to keep oil price above $40 per barrel.
