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The Organisation of the Petroleum Exporting Countries (OPEC) says its compliance with the OPEC+ oil production cuts deal totalled 122 per cent in April, as production averaged 25.08 million barrels per day.
One of the largest pipelines in the US has been taken offline by its operator following a cyberattack. First reported by the New York Times, Colonial Pipeline, which carries 45 percent of the fuel supplies for the eastern US, said in a statement late Friday that it took “certain systems offline to contain the threat, which has temporarily halted all pipeline operations and affected some of our IT systems.”
The federal government is committed to procuring 29.588 million doses of the Johnson & Johnson vaccine through the AVAT initiative, coordinated by Afreximbank, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said.
The Nigerian National Petroleum corporation (NNPC) has tasked the Contractor rehabilitating the Port Harcourt Refineries Companies (PHRC) to ensure completion of the project at the estimated time frame.
Bauchi State Governor, Senator Bala Mohammed, yesterday warned that Nigeria will be in chaos and financial hardship if the NNPC does not rethink its decision to make zero remittance to the Federation Account in April because of the need to defray the cost of petrol subsidy.
An oil industry group, Oil Industry Indigenous Capacity Action Committee, has faulted President Muhammadu Buhari’s order for the restoration of an earlier cancelled Oil Mining Licences (OMLs) 123, 124, 126 and 137 to Addax/Sinopec.
Barely 24 hours after the Organisation of Petroleum Exporting Countries, OPEC, and Non-OPEC meeting, Tuesday, the price of Nigeria’s Bonny Light has risen to $65.85 from $63.50 per barrel in the global market.
The World Bank says Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria remain the top seven gas flaring countries for nine years running.
A joint committee of ministers from OPEC and non-OPEC countries have projected an increase in global crude oil demand by second half (H2) 2021.
The Organisation of Petroleum Exporting Countries (OPEC) and its allies yesterday resolved to stick to plans for a phased easing of oil production restrictions from May to July.
A tanker carrying around one million barrels of oil products was involved in a collision near the Chinese port city of Qingdao, spilling oil into the Yellow Sea, China's Shandong Maritime Safety Administration and tanker representatives said on Tuesday.
The Organisation of Petroleum Exporting Countries (OPEC) and its allies on the Joint Technical Committee (JTC) are keeping the cartel’s forecast for growth in global oil demand this year, amid worries of surging COVID-19 cases in India, it was learnt yesterday.
The OPEC+ joint technical committee (JTC) has kept its forecast for growth in global oil demand this year, but is concerned about surging COVID-19 cases in India and elsewhere, three sources from the producer group told Reuters.
Oil prices have fallen more than 1 percent on fears that surging COVID-19 cases in India will dent fuel demand in the world’s third-biggest oil importer and as investors prepared for a planned increase in crude output from the world’s top producers in May.
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday challenged the university community to rise to the occasion and develop breakthrough solutions especially in seeds production to improve agricultural yields.
The Okordia-Rumekpe 14-inch crude truckline operated by Shell Petroleum Development Company (SPDC) has discharged some 213 barrels of crude oil into Ikarama community in Bayelsa.
The Organisation of Petroleum Exporting Countries (OPEC) and its allies are discussing downgrading next week’s the full-scale ministerial meeting, delegates said, a signal the coalition may stick with plans to gradually revive oil production.
Nigeria has sweetened the terms of a sweeping oil reform bill in a bid to attract much-needed investment to its oil industry, four people closely involved with the legislation said and a letter from oil companies, seen by Reuters, showed.
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says it has suspended it proposed strike over Chevron Nigeria Limited’s plan (CNL) to lay off 600 workers at the Agbami Offshore Oilfield in Bayelsa.
The alliance of the OPEC+ oil producers was able to achieve the 113 per cent oil cuts agreement reached last month largely due to Saudi Arabia’s voluntary additional cut of 1 million barrels a day (mbd), a report said.
In a statement on Wednesday, the Washington-based financial institution said remittances to SSA declined by an estimated 12.5 percent in 2020 to $42 billion. The decline was almost entirely due to a 27.7 percent decline in remittance flows to Nigeria,
Human rights lawyer, Femi Falana (SAN), has urged southern governors in the country to back their ban on open grazing with a legal instrument to enable the prosecution of offenders.
The Governor of Edo State, Godwin Obaseki, has called for unity in Nigeria in order for the country to overcome its many challenges.
At least two people have been killed and dozens wounded as Sudanese security forces cracked down on a rally that demanded justice for protesters killed during anti-government demonstrations two years ago, according to the army.
Gunmen suspected to be kidnappers have created tension in Ikaram Akoko, in Akoko North West council area of Ondo State, following the abduction of two residents of the community including a graduate, identified as Gbodi.
Former Serie A star Paolo Di Canio, now working as a pundit for Italian television, has refused to apologise for comments made in a leaked WhatsApp audio sent to a friend in which he referred to Jose Mourinho as the “worst of the worst”.
Timo Werner claims Chelsea can prove themselves the best team in the world after reaching the Champions League final.
The former national chairman of the All Progressives Congress (APC), Adams Oshiomhole, says the call for a military takeover of the country is senseless.
Following the reports of the burning down of the popular Ubani Market in Umuahia North LGA of Abia State on Sunday, May 9, 2021,...
President Muhammadu Buhari on Thursday said the registration of the National Identity Number and linking it to mobile numbers will help fight insecurity in the country.