*Long queues linger *Marketers say scarcity would eventually lead to increment in official price OpeOluwani Akintayo Lagos — Oil marketers have indiscriminately increased pump price of... Read more
Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $64.24 a barrel on Monday, compared with $64.37 the previous Friday, according to OPEC Secretariat calculations.... Read more
Mkpoikana Udoma Port Harcourt — The Nigerian Security and Civil Defence Corps, NSCDC, has arrested 28 suspected illegal oil bunkering suspects and vandals, while impounding seven truck... Read more
OpeOluwani Akintayo Lagos — French oil company, TOTAL will partner CNOOC to flag off construction of the 1,443km long East African Crude Oil Pipeline, EACOP export pipeline system this... Read more
*623.4 barrels spilled in January Mkpoikana Udoma Port Harcourt — Crude oil theft and sabotage have exacerbated the incidence of oil spill in Nigeria, bringing to 10 the number recorde... Read more
Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $64.37 a barrel on Friday, compared with $65.42 the previous day, according to OPEC Secretariat calculations. The... Read more
*To help grow gas usage in Nigeria to 5 bcf/d from its current 1.7bcf/d by 2022. OpeOluwani Akintayo Lagos — Shell Petroleum Development Company of Nigeria Limited, SPDC has restated c... Read more
OpeOluwani Akintayo Lagos — Roger Brown, Seplat Chief Executive Officer has advocated the need to drive investments through liquidity pools such as the capital markets, bonds and PFAs.... Read more
*NNPC increases JV cash call payments to Total, others by 0.42% Ike Amos Abuja — National Petroleum Investment Management Service (NAPIMS), the investment management arm of the Nigeria... Read more
*Recorded $53.5m capital inflow in 2020 Ike Amos Abuja — A significant decline was recorded in foreign capital inflow into the Nigerian oil and gas industry, as foreign investments int... Read more
