The Nigerian National Petroleum Corporation (NNPC) says it will develop a comprehensive divestment policy for international oil companies (IOCs) operating in the country. Mele Kyari, group managing director of NNPC,
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The Nigerian National Petroleum Corporation (NNPC) says it will deduct N170.4 billion from July remittance to the federation account and allocation committee (FAAC) — due in August. In recent months,
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has appointed Elohor Aiboni as its managing director with effect from August 1, 2021. Bamidele Odugbesan, media relations manager of Shell Petroleum
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to suspend the supply and distribution of products within its designated eastern zone effective Monday. In a circular signed by
The Department of Petroleum Resources (DPR) has charged managers of liquified petroleum gas (LPG) plants and fuel stations to ensure
Timipre Sylva, minister of state for petroleum resources, says the federal government has approved the downward review of gas-to-power for
Oil prices rose after crude stockpiles in the United States, the world’s top oil consumer, fell to their lowest since
The Organisation of Petroleum Exporting Countries (OPEC) says the global energy sector requires about 12.6 trillion dollars investment cumulatively for
Anthony Stimler, a former UK-based trader for Glencore Plc, has pleaded guilty to participating in an international scheme to bribe
Vice-President Yemi Osinbajo has asked stakeholders in the energy industry to come up with solutions to challenges that the COVID-19
