Global oil and gas drilling hits 30-year high – Baker Hughes

Drilling for oil and gas deposits outside North America has hit the highest level in three decades, led by big exploration and production programmes...

Nigeria produces over four million barrels of crude oil daily, activist claims

"As long as the oil companies continue to refuse to meter their oil wells, the nation would be in the dark on the actual...

Glencore interested in buying Shell assets in Nigeria

Commodity trader and miner Glencore confirmed on Tuesday its interest in buying oil assets that oil major Shell (LSE: RDSB.L - news) is selling...

TUC asks FG to investigate activities of NNPC, oil marketers

The Trade Union Congress of Nigeria (TUC) Tuesday asked the federal government to investigate the activities of the Nigerian National Petroleum Corporation (NNPC) and...

Sustaining the reform in the downstream petroleum sector

As Mr. Farouk Ahmed assumes office as the new Executive Secretary of the Petroleum Products Pricing Regulatory Agency, following the recent retirement of Mr....

Marketers promise to commence distribution nationwide, scarcity to end by Thursday

Oil marketers in Lagos State on Tuesday said the distribution of imported petrol to filing stations has commenced nationwide. The marketers in separate interviews in...

Six nabbed over petroleum products hoarding

The Nigeria Security and Civil Defence Corps (NSCDC) in Ogun State has arrested six owners of filling stations in Abeokuta, Ogun State capital, for...

Delay, funding may hamper marginal fields’ sale

Federal Government’s plan to sell 31 marginal fields to indigenous operators may be threatened by the delay in the takeoff of the process. This...

FCMB funds Emadeb Energy’s ultra modern tank farm

In a move to boost government’s efforts to decongest Apapa, an ultra modern petroleum products tank farm, with capacity to store 45,280,000 litres of...

NNPC injects additional 33m litres of petrol in Lagos to ease scarcity

Determined to ease the discomfort being experienced by motorists and commuters in Lagos and its environs, the Nigerian National Petroleum Corporation (NNPC) yesterday said...

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