The Department of Petroleum Resources has said that companies, including their promoters, indebted to the Federal Government will not be allowed to participate in the newly…
Brent crude which is the benchmark against which Nigeria’s crude is priced rose to $40 per barrel for the first time since March.
Ahead of the World Environment Day, Chevron Nigeria has reiterated its responsible environmental stewardship everywhere it operates.
The Federal Government has cleared the N168 billion outstanding subsidy debt to oil marketers, as part of measures targeted at stimulating activities in the downstream sector of the petroleum industry.
Nigeria’s six-train liquefied natural gas plant on Bonny Island suffered an operational trip mid-May. In a brief statement, Nigeria LNG noted that the trip resulted in the temporary loss of power at the plant.
Venezuela's President Nicolas Maduro on Saturday announced a hike in gasoline prices after two decades of frozen values at the pump, as part of a system to fill vehicles and motorcycles with subsidized fuel up to monthly quotas and pay internationally indexed prices over those levels.
The Nigerian National Petroleum Corporation (NNPC), announced on Wednesday that it has commenced the online sales…