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Tag: oil and gas

Indigenous Oil Firms Default On Local Content Payment

Some indigenous oil companies have failed to make their contribution to the Nigerian Content Development…

National Petroleum Policy Will Increase Investments In Oil and Gas – Kachikwu

The Ministry of Petroleum Resources says the new National Petroleum Policy will ultimately remove barriers…

Nigeria’s Biggest Oil Buyer, India Begins Purchase From US

India, Nigeria’s biggest oil destination, has started buying crude from the United States as it…

Britain To Invest In Nigeria’s Oil Pipeline And Others

The British government has said it will invest in Nigeria’s oil pipeline infrastructure, renewable energy,…

Nigeria Currently Produces 2.2 Million Barrels Of oil Daily

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, says Nigeria…

FG Approves New National Oil Policy

The Federal Executive Council presided over by Acting President Yemi Osinbajo, on Wednesday, approved the…

Prices Of Diesel And Cooking Gas Drop In Second Quarter 2017

The average prices of Automotive Gas Oil, AGO (diesel) and Liquefied Petroleum Gas, LPG, (cooking…

Oil And Industrial Sectors Lead N91bn Market Penetration

Nigeria's oil/gas and industrial sectors emerged as the top two gainers at the close of trading…

Oil Price Under Pressure From Nigerian Supply

Global oil benchmark, Brent crude, is being pressured by rising supply of light, sweet crude…

Failing Oil Prices Will Affect 2017 Budget – Kachikwu

The crash in crude oil price to about $42.5 per barrel and the likely cut…