Browsing: Oil and Gas

NNPC has cautioned all stakeholders in the downstream petroleum sector to avoid any act that could undermine supply and distribution of petroleum products.

Oil price slid just below $66 per barrel on Thursday, pressured by concerns over whether the G20 summit will produce a breakthrough on trade and perceptions that supply is ample despite the prospect of continued OPEC curbs.

Outages at North Sea oilfields have helped Nigerian oil arrive in Europe at the highest levels in seven months in June, according to Refinitiv Eikon data.

President Muhammadu Buhari has appointed Dr Thomas John as Acting Alternate Chairman of the Nigerian National Petroleum Corporation (NNPC) Governing Board.

A federal court in Lagos adjourned till July 22 Oando’s suit to stop SEC from replacing its chief executive and making other management changes.

President Muhammadu Buhari has condoled with people and government of Rivers following the death of some workers in gas pipeline tragedy in the state.

Italian prosecutors have complained to Switzerland about three-year delay in obtaining evidence in the Nigeria corruption case involving Shell and Eni.

Mr Femi Otedola has sold his 75 per cent majority stake in the oil marketing company, Forte Oil, divesting a total of his 970.17 million shares of Forte Oil, worth N64.38 billion on the floors of the Nigerian Stock Exchange (NSE) in an off-market trade.

President Muhammadu Buhari has removed Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Maikanti Baru and has appointed Mele Kyari

A foreign firm will ask a British court on Friday for the right to seize up to $9 billion of Nigerian government assets over an aborted gas project in 2010.