News

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.

Shell Nigeria Gas (SNG) has completed the final phase of its 20km domestic gas pipeline expansion project in Abia State, connecting Agbor Hill, Osisioma, and Araria industrial zones.

BP has announced that it has agreed to sell its global petrochemicals business to Ineos for a total consideration of $5 billion, subject to customary adjustments. The agreed sale, the next strategic step in reinventing BP, will further strengthen BP’s balance sheet and delivers its target for agreed divestments a year earlier than originally…

As the President, Major General Muhammadu Buhari inaugurates the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project virtually on Tuesday (today), the Nigerian National Petroleum Corporation says it targets to complete the project in 24 months.

ExxonMobil is preparing to let go between 5% and 10% of its US-based employees subject to performance reviewed, anonymous sources told BNN Bloomberg.

Despite opposition by oil marketers, the Petroleum Products Pricing Regulatory Agency (PPPRA) has said it would continue to fix price bands for petrol.

According to data released by the National Bureau of Statistics, NBS, foreign investment inflow into the Nigerian oil and gas industry stood at $10.09 million in the first quarter of 2020, dropping by 51.07 percent from $17.22 million recorded in the fourth quarter of 2019.

Following a pick-up in purchases, the second wave of coronavirus in China’s capital is gradually slowing down the country’s demand for the United States’ (U.S.) crude oil.

Shell began evacuating workers earlier this week from the Bonga floating, production, storage, and offloading (FPSO) unit after some of them contracted coronavirus, resulting in the maintenance program being halted, sources disclosed.

Total and Sonatrach have signed an agreement to renew their partnership in the field of liquefied natural gas (LNG) for an additional 3 years.