Oil & Gas
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Shell rattled by bank accounts restrictions, as Aiteo seeks $4bn for 16mn barrels of crude diverted
There are strong indications that Tuesday’s injunction of a Federal High Court, Lagos, barring Royal Dutch Shell’s Nigerian subsidiary from…
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No plans to hike price in February- NNPC
The Nigerian National Petroleum Corporation (NNPC) has denied plans to increase fuel price from February. There had been speculations the…
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Breaking: New petrol price imminent as landing cost hits N180 per litre
THERE were indications, Monday, that stakeholders would soon emerge with a new price of petrol as the landing cost of…
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Oil prices climb past $63 as deep freeze shuts US oil wells
Oil prices rose on Tuesday as a cold front shut wells and refineries in Texas, the biggest crude producing state…
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Fuel hike: Panic buying as govt warns against fire disaster
The Ekiti State government, on Thursday, warned residents against stocking petroleum products in homes and business areas, noting that such…
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NNPC records N2.034tr from petrol sales in one year
The Pipelines Product Marketing Company (PPMC)- a subsidiary of the Nigerian National Petroleum Corporation (NNPC) raked in N2.015 trillion from…
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Oil Market: Price of Bonny Light rises to $58.93 per barrel as Iraq, Kazakhstan promise to cut output
For the first time in 2021, the price of Bonny Light, Nigeria’s premium oil grade, has risen to $58.93 per…
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Oil price rises above $57, highest in 12 months
The international oil benchmark, Brent crude, rose more than two per cent on Tuesday, hitting a 12-month high after major…
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PIB: Host communities disagree with Minister, demand 10% share
The National President of the Host Community of Nigeria Producing Oil and Gas, Benjamin Tamaranebi, on Sunday insisted that the…
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EFCC re-arraigns oil firm directors over N1.4 trillion alleged fraud
The Economic and Financial Crimes Commission (EFCC) yesterday re-arraigned four directors of an oil firm, Petro Union Oil and Gas…
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