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Equinor plans $2bn Breidablikk oilfield development

Equinor has finalized plans on an 18.6 billion Norwegian crown ($1.95 billion) development of the North Sea discovery.

NNPC will not be scrapped but commercialised, says Sylva

The Minister of State for Petroleum Resources, Timipre Sylva, has clarified that the Nigerian National Petroleum Corporation (NNPC) would not be scrapped but commercialised when the Petroleum Industry Bill is signed into law.

FG spends N2.13tn on petrol forex subsidy

The Federal government spent a total of N2. 13tn from 2016 to 2019 as subsidy on foreign exchange for marketers, says the Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari.

Oil slips as surge in coronavirus cases cloud demand recovery

Crude oil prices fell on Monday as rising cases of coronavirus upset hopes for a smooth recovery in fuel demand, with crude on track for its first monthly fall in many months after slipping last week.

Breaking: Buhari proposes scrapping of NNPC, PPPRA

President Muhammadu Buhari has submitted the much-awaited Petroleum Industry Bill (PIB) 2020 to the National Assembly. The President proposed the creation of the Nigerian National Petroleum Company Limited.

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Downstream

Fuel scarcity imminent as tanker drivers halt…

Nigeria may experience petrol scarcity across the country as the Nigerian Association of Road…

Midstream

Oil imports cost Nigeria $770.58m in six months – CBN

The latest data from the Central Bank of Nigeria shows that oil imports gulped a total of $770. 58m…

Upstream

Bidders scramble for Exxon’s U.K. North Sea assets

Bidders from state-owned companies to private equity-backed firms have been attracted to Exxon Mobil…

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Oil Tips

11 Interesting Facts About Saudi Aramco

Apart from the fact that Saudi Aramco is the world’s biggest oil firm, what other interesting facts do you know…

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