The Department of Petroleum Resources (DPR) says the federal government is expected to generate $500 million from signature bonuses for 57 marginal oilfields in Nigeria. Sarki Auwalu, director of DPR,
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The Nigerian National Petroleum Corporation (NNPC) is renegotiating commercial contract terms with major oil firms, in a move to keep investment flowing into a sector crucial for the country’s economy.
President Muhammadu Buhari says the transparency now incorporated in the operations of the Nigerian National Petroleum Commission (NNPC) is a sign of ending corruption in the petroleum industry. In June,
Royal Dutch Shell says it will take another “hard look” at its operations in Nigeria because of the challenges posed by saboteurs, Reuters is reporting. Ben van Beurden, Shell chief
The Department of Petroleum Resources (DPR) says most incidents of crude oil theft occur from land terminals. Sarki Auwalu, DPR
A Milan court on Wednesday admitted a new evidence in the ongoing trial of Eni, Shell and some officials of
The Organisation of Petroleum Exporting Countries (OPEC) says the gradual rollout of vaccines around the world is a positive factor
Heirs Oil & Gas, an affiliation of Heirs Holdings, says it plans to restore oil mining licence (OML) 17 to
BP, a British oil and gas multinational company, has announced a $5.7 billion loss for the 2020 full year. This
The Nigerian National Petroleum Corporation (NNPC) says it spent N49.69 billion on pipeline repairs and management cost between January and
