OIL & ENERGY
Oil and natural gas remain the world's leading fuels, accounting for nearly 55% of global energy consumption.
OPEC+ Agrees To Cut Oil Output By 2million Barrels Per Day
Oil Production Exporting Countries including non oil cartel members known as OPEC+ has agreed at a meeting in Geneva, Switzerland...
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NAICOM, Local Content Board Make Oil & Gas Risks Runway Too Short For Offshore Take Off
The journey to make the Nigerian insurance industry the hub of oil and gas underwriting has got off the starting...
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OPEC+ Pushes for Oil Output Deal as Standoff Eases
OPEC and its allies met on Sunday in a final effort to unblock a deal to increase production between Saudi...
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Nigeria Earned $997.1bn From Oil Sales In 27 Years: OPEC
Nigeria's earnings from crude oil sales between 1990 and 2017, was $997.1bn. This is contained in a recent annual report...
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Oil Mining Lease 118 Agreements Signed By NNPC And Multinationals
The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company...
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Okpabi v Shell: The Era Of Unbridled Corporate Impunity Drawing To A Close
For communities around the world who have been powerless to hold abusive corporations to account, some recent court judgments provide...
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Upstream Operators Urged To Reduce Production Cost To $10
Upstream operators have been urged to embrace cost reduction to achieve the $10 or less per barrel production cost target....
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NNPC Seals 54% Trading Surplus For November
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of of 54% for the month of November 2020,...
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NNPC Petroleum Products Sales Rise By 92%
The Petroleum Products Marketing Company (PPMC), a down stream subsidiary of Nigerian National Petroleum Corporation (NNPC), recorded a total of...
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HEIRS Holdings Lands 45% OML 17 From Shell, Total, Eni
Heirs Holdings (HH), an affiliate of Transnational Corporation of Nigeria Plc (Transcorp), has acquired 45 per cent participating interest in...
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