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Petrobarometer

NNPC, Chinese firms sign mega gas deal ‘to industralise Nigeria’

    NNPC, Chinese firms sign mega gas deal ‘to industralise Nigeria’

The Nigerian National Petroleum Corporation (NNPC) says it has signed a $2.8bn agreement for the Ajaokuta-Kaduna-Kano (AKK) gas pipeline and stations with a consortium of indigenous and Chinese companies.

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PIGB yet to get to Buhari’s desk — a week after passage

    PIGB yet to get to Buhari’s desk — a week after passage

The euphoria that accompanied the passage of the harmonised Petroleum Industry Governance Bill (PIGB) by the national assembly on March 28 is taking a knock.

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OPL 245: UK authorities gave us nod to pay Etete $875m, says JP Morgan

    OPL 245: UK authorities gave us nod to pay Etete $875m, says JP Morgan

JP Morgan Chase Bank says it got the approval of the UK top anti-money laundering agency to transfer $875 million to the Nigerian accounts of Dan Etete’s Malabu Oil in

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REVEALED: Nigeria now spending N1.4trn on petrol subsidy annually

    REVEALED: Nigeria now spending N1.4trn on petrol subsidy annually

Ibe Kachikwu, minister of state for petroleum resources, says subsidy on petrol currently costs the federal government N1.4 trillion annually.  

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REVEALED: Seme is Nigeria’s No. 1 fuel smuggling route

    REVEALED: Seme is Nigeria’s No. 1 fuel smuggling route

The Nigeria Customs Service (NCS) says it seized 174,015 litres of smuggled petroleum products worth N27, 755,492 in one year.

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Headache for OPEC as India considers non-member suppliers for cheap crude

    Headache for OPEC as India considers non-member suppliers for cheap crude

Efforts by the Organisation of Petroleum Exporting Countries (OPEC) to rebalance the global crude oil market and ensure that members

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Nigerian oil firm sues Shell over ‘crude oil diversion’

    Nigerian oil firm sues Shell over ‘crude oil diversion’

Nigerian indigenous oil company Neconde Energy Limited says it had launched arbitration against oil giant Shell in the UK over

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Shell sues ex-employee over ‘shady’ role in sale of Nigerian oil block

    Shell sues ex-employee over ‘shady’ role in sale of Nigerian oil block

Royal Dutch Shell has filed a criminal suit in The Netherlands against one its former workers over suspected fraud in

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History beckons as national assembly passes harmonised PIGB

    History beckons as national assembly passes harmonised PIGB

The national assembly on Wednesday passed the harmonised Petroleum Industry Governance Bill (PIGB).  

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40 NGOs seek cancellation of $20 billion Nigeria-Morocco gas pipeline project

    40 NGOs seek cancellation of $20 billion Nigeria-Morocco gas pipeline project

Forty non-governmental organisations (NGOs) have signed a declaration calling for the cancellation of the proposed $20 billion Nigeria-Morocco gas pipeline

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