X

Tag: Oil

We’ll Stop Oil Production If Cost Remains High – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the country will…

Zero Oil Revenue Days Fast Approaching –Osinbajo

Acting President Yemi Osinbajo on Monday declared that the days in which no single revenue…

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…

FG Approves New National Oil Policy

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

Oil Price Under Pressure From Nigerian Supply

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

Capital Oil Pays N2bn For NNPC Diverted Products

The Nigeria National Petroleum Corporation (NNPC) disclosed that the Chairman of Capital Oil, Chief Ifeanyi…

ExxonMobil & Shell Nigeria Suffer Biggest Oil Output Decline

Mobil Producing Nigeria Unlimited and Shell Petroleum Development Company of Nigeria Limited recorded the biggest…

Siemens Launches Cost-Cutting Strategies For Oil & Gas Sector

At a forum organised to introduce the new technologies in Nigeria, the Managing Director of…

Shell Pays Nigeria $3.638bn In 2016

Global oil giant, Royal Dutch Shell Plc has revealed that it paid $3.638bn to the…

Nigeria Loses N417 Billion To Oil Production Disruption In One Month

With the current Brent crude oil price put at $50 per barrel, the country lost…