Specifically, early output has commenced from the Kalaekule field (OML 72). Current production is estimated at 4,500 barrels per day.
They cited "intolerable provocations" and a breach of the Islamabad Truce. As oil prices rebound toward the $140-per-barrel mark, the fragile architecture of the April peace...
To grasp today's reopening's magnitude, we must examine the two-week spiral that led to the closure. We should also consider the aggressive "All or None" doctrine...
Tehran has long used the threat of closing the Strait of Hormuz as its ultimate defensive paradigm. By blocking the passage, they retaliate against the United...
The Presidential CNG Initiative has commenced implementing a Commercial Vehicle Conversion Incentive Programme (CV-CIP) which provides FREE conversion of union- registered vehicles in major cities where...
The meeting reviewed progress on key initiatives, including the upcoming commencement of naira payments for crude oil sales to the Dangote Refinery starting October 1, 2024.
The group argued that protecting Dangote and other local refineries was in the country’s best interest and any attempt to sabotage it is not in the...
"It is not the regulator or NNPC, it is the minister of petroleum that is actually the owner of the oil and gas industry in Nigeria...
The Nigerian National Petroleum Corporation (NNPC) says it has discovered hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in...
The efforts of the Federal Government in cleaning up and remediation of Ogoniland devastated by oil spill has received an additional boost, as the Minister of...
The efforts of the Federal Government in cleaning up and remediation of Ogoniland devastated by oil spill has received an additional boost, as the Minister of...
The Minister of Finance, Hajia Zainab Ahmed, has said that even though the government agrees with the recommendation of the International Monetary Fund (IMF) to remove...
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