ABUJA: Despite the alleged diversion of oil subsidy payments by some petroleum marketers, the Petroleum Products Pricing and Regulatory Agency (PPPRA) yesterday disclosed that the agency...
WASHINGTON DC: Nigeria’s oil companies are battling a surge in crude oil theft, with estimates suggesting that the oil-rich country loses some $6 billion annually in...
PORT HARCOURT: For the second time this year, Royal Dutch Shell has shut down a major oil pipeline in southern Nigeria to repair damage caused by...
…as NNPC Explains Drop in Crude Oil Production By Joseph BAMIDELE FOLLOWING the incessant activities of crude oil thieves, Nigeria has lost about 1.23 billion dollars in first quarter 2013 alone,accounting for 150,000 barrels of daily crude production....
……Govt overspends by N178bn LAGOS – Central Bank of Nigeria, CBN, yesterday, said the country earned N599 billion from crude oil in January, while Federal Government...
ABUJA – Nigerian government revenues rose in March from February after it received overdue payments for oil and gas.. Nigeria received gross revenues of 595.7 billion...
KADUNA: The Management and Staff of the Nigerian National Petroleum Corporation, NNPC have expressed deep condolences with its Group Managing Director, Engr. Andrew Yakubu on the untimely...
LAGOS – The Shell Companies in Nigeria and five reputable financial organisations are to work together to make available $5billion support fund for contractors handling projects...
LAGOS – The rising incidences of oil theft in Nigeria’s oil producing Niger Delta is putting enormous strain on Shell Nigeria staff, as well as costing...
LAGOS – The Royal Dutch Shell said, Wednesday, it had begun decommissioning of its facilities in Ogoni land in Rivers State and had no intention to...
