NNPC, Chevron Rap up $1.7billion Deal to Increase Crude Oil, Gas Production

NNPC, Chevron Rap up $1.7billion Deal to Increase Crude Oil, Gas Production

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day. The post NNPC, Chevron Rap up $1.7billion Deal to Increase Crude Oil, Gas Production appeared first o...
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Iran displaces Nigeria as India’s third largest supplier of crude

Iran displaces Nigeria as India’s third largest supplier of crude

Iran has displaced Nigeria as India’s third largest supplier of crude oil after India, the world’s third-largest oil importer, shifted its focus to the Middle East and the United States The post Iran displaces Nigeria as India’s third largest...
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13 countries ‘have not purchased’ Nigeria’s crude since 2016

13 countries ‘have not purchased’ Nigeria’s crude since 2016

Thirteen countries have not purchased Nigeria’s crude since 2016, according to information made available by the Nigerian National Petroleum Corporation (NNPC). According to the latest Crude Oil by Destination report of The post 13 countries ‘have...
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Deepening debate on oil exploration in the north

Deepening debate on oil exploration in the north

Like a planned incident, last week, three stories were coincidentally published by different newspapers on this subject; one by this author, deepening the debate on the viability of the renewed The post Deepening debate on oil exploration in the north...
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Crude oil prices hit two-year high

Crude oil prices yesterday hit the highest in two years as Organisation of the Petroleum Exporting Countries (OPEC) experienced highest-ever conformity with voluntary production adjustment. ...
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ICYMI: We’ve discovered 800,000 companies that have never paid taxes, says Adeosun

ICYMI: We’ve discovered 800,000 companies that have never paid taxes, says Adeosun

Kemi Adeosun, minister of finance, says the ministry has discovered 800,000 companies that have never paid tax. She said the ministry is compiling a database that combines data from the various The post ICYMI: We’ve discovered 800,000 companies that hav...
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Oil prices maintain upward trend, hit $62

Oil prices maintain upward trend, hit $62

Oil prices hit their highest levels early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high The post Oil prices maintain upward trend, hit $62 appeare...
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Fresh push for crude oil exploratory work in Benue trough

Fresh push for crude oil exploratory work in Benue trough

Following the flag-off of oil search on the Nasarawa  State end of the Benue Trough last week, the Nigerian National Petroleum Corporation (NNPC) has commenced move to mobilize for oil exploration in the Benue State sector of the Benue Trough. The post Fresh ...
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Nigeria’s crude oil production dips by 70, 000 bpd

Nigerian crude oil output slipped by 70,000 bpd, last month, as exports of Bonny Light crude were under force majeure for part of the month, even as traders said loadings of some other grades, including Qua Iboe and Forcados, also faced delays. The post Nigeri...
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Oil price inches towards $70 amid supply cuts

Oil price inches towards $70 amid supply cuts

Oil prices are closing in on the $70 mark with Brent crude peaking at $60.80 down from 60.91 dollars per barrel on Tuesday. According to the report, “benchmark Brent LCOc1 The post Oil price inches towards $70 amid supply cuts...
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