Shettima links food insecurity to oil discovery, proposes solutions
Vice President Kashim Shettima has attributed the country's food insecurity to the extensive dependence on oil since the 1970s,…
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Oil
Norwegian oil firm, Equinor shuts operation in Nigeria, sells stake to…
Norwegian state-owned multinational energy company Equinor inked a deal with Nigerian-owned Chappal Energies, allowing the latter…
Oil price records major rise for first time in 10 months
Oil price, on Monday, rose to a record high, nearly hitting the $90 a barrel mark.
Brent crude, the global oil benchmark, rose to…
Poor measurement responsible for 40% of crude oil losses – NUPRC
Inaccurate measurement in the Nigerian oil and gas industry is responsible for about 40 percent of crude oil losses attributed to…
Again, oil production falls 0.57 million barrels per day short of OPEC…
Nigeria's oil production in December 2022 increased by 4.2% month on month to 1.23 million barrels per day, falling far short of…
Nigeria losing 700,000 barrels of crude oil daily – FG
The Federal Government has disclosed that the nefarious activities of pipeline vandals had caused Nigeria to lose approximately…
NIPSS, NNPC collaborate to position oil, gas industry for growth
The National Institute for Policy and Strategic Studies (NIPSS) is collaborating with the Nigerian National Petroleum Company…
Buhari approves upward review of oil transporters freight rate
President Muhammadu Buhari has approved the upward review in freight rate for transporters to alleviate the challenges associated…
Bayelsa Governor rejects claims that ‘cocoa money was used to develop oil’…
Bayelsa State Governor Duoye Diri has explained that oil wasn’t developed in Nigeria by money made from cocoa farming but money…
Oil Price Tops $90 Per Barrel For First Time Since 2014
Brent oil on Wednesday surpassed $90 per barrel to strike the highest level for more than seven years, rattled by geopolitical…