The Independent Petroleum Marketers Association of Nigeria (IPMAN) claimed that the Federal Government is still owing transportation claims valued at N20 billion to marketers in Nigeria’s southeast. Mr Chinedu Anyaso, IPMAN Chairman, Enugu Depot Community in charge of Anambra, Ebonyi…
Oil production may suffer another decline of 22,000 barrels of oil per day, as employees of Addax Petroleum Development Nigeria have embarked on strike over anti-labor practices. An oil firm owned by China’s Sinopec Group, Addax has four Oil Mining…
Oil major Shell has announced that a total of 184 beneficiaries of the Nigerian National Petroleum Company, NNPC/Shell Cradle-to-Career scholarship for secondary school students have been migrated to the SPDC JV university scholarship programme in the last five years. This…
About 180,0 00bpd pipeline in Nigeria hasn’t transported any crude across Africa’s top oil producer since the middle of June due to oil theft, a source with knowledge of the matter told said on Wednesday. OPEC member Nigeria has been…
Oil prices were trending down slightly on Wednesday following the 2:30p.m. EST Federal Reserve’s announcement of another hike in interest rates by three-quarters of a percentage point for the second time in a row, while Wall Street continued to flounder…
The Society of Petroleum Engineers (SPE), Nigeria Council, has called for enforcement of stiff penalties for gas flaring in Nigeria. Prof. Olalekan Olafuyi, Chairman, SPE, Nigeria Council, made this known at a news briefing ahead of the 2022 Nigeria Annual…
The Nigerian National Petroleum Company (NNPC) Limited has announced that it has no plans to sack any of its staff as a result of its recent transition to a new corporate entity and unveiling ceremony by President Muhammadu Buhari a…
Libya, plagued by port blockades and protests at oil facilities in recent months, has now managed to raise its oil production to 1.1 million barrels per day (bpd), the oil Minister of the Tripoli-based government said in a text message…
Crude oil prices fell yesterday as the International Monetary Fund warned that high inflation and the Russian-Ukraine war could send the global economy to the brink of a recession. In an update to its World Economic Outlook, the IMF also…
French oil and energy company TotalEnergies has begun production from the Ikike field in Nigeria, which is expected to deliver peak production of 50,000 barrels of oil equivalent per day by the end of 2022, it said on Monday. The…
