China’s crude oil imports in June averaged 9.63 million bpd, an increase of 1.7 percent from an average of 9.47 million bpd in imports in May, and a 15.2-percent increase from 8.36 million bpd in June last year, according to Reuters calculations in barrels from data in tons provided by the Chinese General Administration of Customs.
The recent decision by oil-producing countries to prolong cuts in output will not fundamentally change the outlook for a market that is heavily oversupplied, the IEA said on Friday.
Malabu: How ex-President Jonathan, ex-Ministers Diezani, Adoke hid documents showing fraudulent payments
The federal government on Thursday alleged that former President Goodluck Jonathan and other officials who worked in his government possibly hid or failed to document fraudulent payments made in the controversial Malabu oil scandal.
In its quest to boost technological advancement in Nigeria, the Nigerian Content Development Monitoring Board (NCDMB) and Danvic Petroleum International Nigeria have secured a $1.2 million, (N610 million), seismic interpretation software and geosciences workstations for six Nigerian universities as a way of boosting knowledge in oil and gas exploration in Nigeria.
The Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum products consumers to disregard trending rumour of a planned hike in the pump price of Premium Motor Spirit (PMS), otherwise called petrol, saying the statement of the corporation’s Group Managing Director, Mallam Mele Kyari, at the National Assembly yesterday did not suggest any plan to increase the price of the white product.
Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions in the region.
The Transmission Company of Nigeria (TCN) said it is set to raise transmission wheeling capacity to 10,000 megawatts (MW) this year by re-conductoring seven critical lines nationwide.
The Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Mele Kyari, yesterday lamented at the Senate over the N145 per litre fuel price in Nigeria.
The Petroleum Equalisation Fund (PEF) says it’s newly introduced automation distribution system has helped the monitoring of movement of petroleum products across the country.
Petroleum Technology Development Fund (PTDF) has urged selected candidates for the 2019 overseas PHD scholarship programme to focus on research works that will proffer solutions to challenges in the oil and gas sector.
A group Forward Action Bayelsa (FAB) has raised concerns that the People’s Democratic Party (PDP) risks losing the November 16 Bayelsa governorship election if it fails to present a popular and acceptable candidate.
Captains of industries, airline owners, professionals, and other stakeholders in Nigeria’s aviation sector are gathering in Lagos to brainstorm on how to develop the right policies to spur major investments in the sector.
House Leader, Alhassan Doguwa (APC, Kano), says the 9th House of Representatives will revisit the 2010 Electoral Act in order to address noticeable “grey areas” which affected the outcome of the 2019 general elections.
Paris Saint-Germain have completed the signing of defender Abdou Diallo from Borussia Dortmund.
Gov. Yahaya Bello of Kogi has promised a cassava revolution in the state with the empowerment of 500,000 cassava farmers into the agric space.
Cuba's parliament has approved a new electoral law which calls for both a president and a prime minister but has no provision for a multiparty system, maintaining the Communist Party as the only permitted political organisation in the country.
An Ile-Ife Magistrates’ Court in Osun on Tuesday remanded one Hammed Ajala, 37, in prison custody over alleged car theft.
European police have arrested six suspected members of a Finnish-led gang who trafficked Nigerian women for sex, AFP news agency quoted officials as saying.
Peoples Democratic Party, PDP, yesterday inaugurated a 10-man committee to investigate the role allegedly played by some of its lawmakers in the emergence of the minority leaders of the House of Representatives.
His Royal Majesty, the Oba of Benin, Omo N’Oba N’Edo Uku Akpolokpolo, Ewuare II, has extolled the Director-General of the National Council for Arts and Culture, Otunba Segun Runsewe.