News

Those who indulge in the illegal sale of Liquefied Petroleum Gas and other sharp practices have been warned by the Department of Petroleum Resources to desist it from such.

Equinor has sold a 40.81% equity interest in the Bressay oil field in the Northern North Sea to UK-based petroleum exploration firm EnQuest.

The price of 20 metric tonnes of Liquefied Petroleum Gas better known as cooking gas sold to marketers in Nigeria rose by over 29 percent witnessed a surge in the past two months, rising by 29 percent.

Nigeria played a key role in making India’s December crude soar to highest levels in nearly three years even as the African country has become the fourth biggest crude supplier to the Asian nation.

India has described the latest decisions by OPEC regarding oil supply as confusing, even as many importers are seeing their expectations of higher volumes disappointed.

The Organization of the Petroleum Exporting Countries is in support of the adoption of electric vehicles in a sustainable manner to reduce emissions.

Nigeria’s newest crude grade called Anyala will soon arrive in Europe as the first export cargo of the crude is on its way to Northwest Europe.

An Austrian Firm, ScanTECH Isoplus has said that it is set to build one of the largest intrusion detection pipelines systems in the country.

Following media reports suggesting an oil leakage from Chevron’s field in Bayelsa State, the oil major has come out to refute the stories.

Oil and gas supermajor Total has said it will not renew its membership in the American Petroleum Institute (API) for 2021 due to divergences with the main U.S. oil lobby over climate policies.