Browsing: Oil and Gas

Russian Prime Minister, Dmitry Medvedev, on Thursday said Russia has banned exports of oil and petroleum products to Ukraine, as well as certain Ukrainian imports.

Justice D.Z. Senchi has granted the prayers of EFCC for a warrant of arrest against Dan Etete, a former Minister of Petroleum, and Mohammed Adoke.

Buyers of Nigerian oil are said to be buying cargoes for less than relatively high offering prices even as Angola’s May loading cargoes were almost sold out by Monday.

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said none of the International Oil Companies (IOCs) is planning to exit Nigeria contrary to reports in some section of the media.

Workers in the oil and gas sector on Sunday advised President Muhammadu Buhari to shun any counsel that would destabilise or cause chaos in the economy.

The Nigerian National Petroleum Corporation (NNPC) has once again appealed to Nigerians to stop the panic buying of petrol.

The Nigerian National Petroleum Corporation (NNPC) has assured the public of adequate supply of petroleum products during the Easter celebration.

Crude Oil hit a five-month high above 71 dollars a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply already squeezed by OPEC cuts and U.S. sanctions on Iran and Venezuela.

Nigerian oil has been squeezed by US shale oil but there is respite as demand from Asian countries Indonesia and India has lifted Nigeria’s price indications

Nigeria Maritime University, Okerenkoko, Delta State, is proof of the unwavering commitment of the Buhari administration to the development of the Niger Delta.