Members of the public have been advised to disregard the news of a possible fire outbreak from a vandalized point on a pipeline owned by the Nigerian National Petroleum Corporation…
The Nigerian Stock Exchange (NSE) has recorded N178.018bn loss in the first half of 2020 for oil and gas companies listed as the impact of COVID19 continues to shake the industry.
The Federal Government (FG) has raised the pump price band of petrol to between N140.80 and N143.80 for the month of July. However, stakeholders are seeking total deregulation in the determination of the petrol price.
Nigeria has changed its marginal oilfields allocation method to avoid legal problems that bedeviled the previous bidding round, the director of the Department of Petroleum Resources (DPR) said on Tuesday.
As OPEC and its allies make their deepest cuts yet to crude production, Norway’s oil giant, Johan Sverdrup oil field is exporting more than ever before.
In response to the low oil prices, ConocoPhillips has said that it expects to start bringing back in July part of the oil production it had curtailed in the second quarter.
The new fuel price of N143.8 is not a welcome development to the Nigeria Labour Congress as “this might just be the…