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Report: 692 million barrels of crude oil produced in 2017

The Nigeria Extractive Industries Transparency Initiative (NEITI) says that 692 million barrels of crude oil was produced in the country in 2017.
The Grace 1 supertanker in the British territory of Gibraltar

Greece blocks Iranian oil ship freed in Gibraltar

Greece has vowed to refuse help to an Iranian ship that was recently detained in Gibraltar on suspicion of carrying oil bound for Syria days after the U.S. threatened sanctions on any country that offered aid to the tanker believed to be linked to an Iranian terrorist organisation.

President Buhari assigns cabinet portfolios, appoints Timipre Sylva oil minister

Nigeria’s President Muhammadu Buhari swore members of his cabinet into office on Wednesday, assigning a new minister of state for petroleum in Africa’s top producer of crude oil in a cabinet of 43 ministers.g
Iran's rial has sharply depreciated as a result of U.S. President Donald Trump's decision in 2018 to pull out of a landmark nuclear deal between Tehran and world powers and reimpose sanctions.

Iran moves to cut four zeroes from struggling currency

Iranian President Hassan Rohani has sent a bill to parliament that would cut four zeroes from the value of the country's battered currency, the rial.
Nigerian National Petroleum Corporation (NNPC)

Nigeria awards crude-for-product swap deals to 15 firms

Nigerian state oil company NNPC said on Sunday that 15 companies had won the right to swap the nation’s crude oil for fuels following a tender for the deals.
Nigerian National Petroleum Corporation (NNPC)

15 companies win contracts to lift crude oil for 2019/20

The Nigerian National Petroleum Corporation (NNPC) on Sunday released the list of 15 winners of the crude oil lifting contracts 2019/2020 under the Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement.
Nigerian National Petroleum Corporation (NNPC)

NNPC targets China to boost crude reserves

The Nigerian National Petroleum Corporation (NNPC) is banking on its blooming strategic partnership with China and new investments in the upstream petroleum sector to actualize the nation’s crude oil reserves and 3,000,000 barrels per day oil production target by 2023.

Minimum wage: Nurses call for compromise between labour, government

Some nurses, under the aegis of University Graduates of Nursing Science Association (UGONSA), have called for a compromise between the Federal Government and the Nigeria Labour Congress (NLC) over the N30,000 new minimum wage.
Melee Kyari

NNPC to extend trade relations with Turkey beyond oil

The Group Managing Director of NNPC, Mallam Mele Kyari, disclosed this during a courtesy visit by the Ambassador of the Republic of Turkey to Nigeria, His Excellency Melih Uluren, at the NNPC Towers in Abuja yesterday.
Patrick Ifeanyi Ubah

Senator Ubah: Task ahead enormous, but surmountable

Senator Ifeanyi Ubah, Young Progressives Party, YPP, yesterday said that the task ahead of the newly announced standing Committees by Senate President, Senator Ahmad Lawan, is enormous.

Dangote dedicates 53% of refinery capacity to petrol

The Dangote Group says upon completion of its refinery, it will dedicate 53 per cent of the capacity to the production of petrol. This translates to dedicating 344,500 barrels of its projected 650,000 barrels per day refining capacity to the production of petrol.

Oando announces H1 2019 results, posts N7.2 billion profit-after-tax

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced unaudited results for the six months period ended June 30, 2019.

Green Energy gets federal government’s nod to develop Otakikpo Phase 2 Field

The management of Green Energy International Limited (GEIL), the operator of the Otakikpo marginal field in Oil Mining Lease OML 11 has secured Federal Government’s approval for the full Field Development Plan (FDP) and Environmental Impact Assessment (EIA) to enable the company implement the phase 2 development of the field.
The Nigerian Navy on Wednesday arrested oil thieves along Bakana creeks, Port Harcourt in Rivers state.

Nigerian Navy destroys N8.4 billion crude oil

About 131,085.06 barrels of crude oil and 29,612,202 litres of illegally refined products valued at about N8.4 billion have been destroyed by the Nigerian Navy (NN) between January and June 19, it was learnt.

China’s crude oil imports rise in June

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.

Pengassan sets agenda for new NNPC chief

Oil and gas workers on Monday identified obsolete refineries and pricing uncertainties as some of the areas that Mr Mele Kyari, new Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), must tackle.

Bunkering fire explosion kills seven in Delta community

Seven persons were reportedly killed while many others secured varying degrees of injuries during a fire incident at an illegal crude oil refining site in Otor-Edo community, Ughelli South council area of Delta state at the weekend.
President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

New NNPC chief, management team assume duty today

The new Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mr. Mele Kolo Kyari, and his management team will assume duty today at the NNPC towers in Abuja.

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Nasarawa State Governor, Abdullahi A. Sule

Nasarawa governor signs 400 certificates of occupancy in three months

Nasarawa State Governor Abdullahi Sule has signed about four hundred Certificates of Occupancy since assumption of office on May 29th.
The Action Alliance in Kogi State on Saturday unanimously adopted a United States-based medical practitioner, Samuel Audu Alfa as its candidate in the November 16th governorship election.

Kogi guber: US-based doctor emerges AA candidate

The Action Alliance in Kogi State on Saturday unanimously adopted a United States-based medical practitioner, Samuel Audu Alfa as its candidate in the November 16th governorship election.
French President Emmanuel Macron hosted his US counterpart Donald Trump for a previously unscheduled lunch Saturday ahead of the official opening of the G7 summit in southwest France.

Emmanuel Macron, Donald Trump break the ice with surprise pre-G7 lunch

French President Emmanuel Macron hosted his US counterpart Donald Trump for a previously unscheduled lunch Saturday ahead of the official opening of the G7 summit in southwest France.
At the 2-day presidential retreat that preceded the inauguration of new ministers, President Muhammadu Buhari apprised the appointees on the enormity of the tasks ahead.

New cabinet and imperative of delivering on mandates

At the 2-day presidential retreat that preceded the inauguration of new ministers, President Muhammadu Buhari apprised the appointees on the enormity of the tasks ahead.
Vincent Kompany faces weeks on the sidelines after suffering another hamstring injury as his Anderlecht team lost again to continue their winless start to his managerial debut, according to reports.

Vincent Kompany injured as Anderlecht lose again

Vincent Kompany faces weeks on the sidelines after suffering another hamstring injury as his Anderlecht team lost again to continue their winless start to his managerial debut, according to reports.