The regulator has dropped fuel and diesel prices, giving a stern warning to petroleum dealers against contravening the recommended retail prices. Read more »
Mr Andrew Yakubu, NNPC, Managing Director, has disclosed that dwindling oil imports by United States has thrust China to the forefront as an alternative market for the country’s ... Read more »
A U.S. oil and gas firm says that within two months it would have drilled the targeted 3,250 metres in its oil block, in an exploratory operation in search of oil deposits. Read more »
Police are finalising plans to arraign Farouk Lawan, who was suspended from the chairmanship of the Ad-Hoc Committee on the Monitoring of the Fuel Subsidy regime, for taking a ... Read more »
The suspended Chairman of the House of Representatives Ad Hoc Committee on the Monitoring of the Fuel Subsidy regime, Farouk Lawan, managed to travel to Saudi Arabia despite being ... Read more »
China,the U.S. and Egypt have welcomed the oil agreement between Sudan and South Sudan in which the two States have agreed to divide their oil resources. Read more »
The local government says its people are facing the dark consequences of oil spilled into the creeks and land in the fishing village, destroying the livelihoods of tens of ... Read more »
Inhabitants of oil communities are still currently battling with the company for compensation over the oil spill on their environment. Read more »
Oil production hit its highest level at 2,7 million barrels per day, though hurdles remain to sustain the boost in production. Read more »
The Zanzibar government has said it will likely deregister 36 Iranian ships registered through a Dubai-based firm to fly Tanzanian flags, allowing Iran to skirt economic sanctions. Read more »
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