US oil output jumps to record 10.47mbpd in March — EIA
ExxonMobil’s N13bn investment and long term economic benefits in A/Ibom
FG expects positive economic outlook in 2018
OPEC: Nigeria’s Bonny Light up $5.7 per barrel
According to statistics from the newly-released OPEC’s Monthly Oil Market Report, MOMR, for May released on Monday, Bonny Light climbed from $67.05 in March to $72.75 in April, making it an 8.5 percent increase in price. The price increase was mainly due to the production cut by the Organisation of the Petroleum Exporting Countries, OPEC, […]
NNPC Remits All Revenues to the Federation Account
The Nigerian National Petroleum Corporation (NNPC) has said that it has been faithfully remitting all revenues accruing to it to the Federation Account. The Group Managing Director of the corporation, Dr. Maikanti Baru, gave the clarification on Thursday to members of the Senate Committee on Petroleum (Upstream) who were at the Corporate Headquarters of the […]
Crude Oil Price falls by 3% over OPEC, Russia’s plan to boost output
Oil falls as concern mounts over OPEC supply, global growth outlook
OGA: The UKCS Offered 123 Licenses To 61 Companies
Egypt Sets Deadlines For Oil And Gas Exploration Bids
NNPC Fine-tunes Strategies Towards Long-Term Survival
The Management of the Nigerian National Petroleum Corporation (NNPC) is fine-tuning strategies to enhance its position as a fully integrated national energy company, ready to prosper despite the changing dynamics of the global Oil and Gas Industry. A release by Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, said the Group Managing Director […]
NNPC Strategies on How to Achieve Substantial Budget Implementation
In a bid to optimize performance and deliver on all its projected programmes for the year, the Nigerian National Petroleum Corporation (NNPC) is evolving measures to implement its 2018 budget effectively. This was disclosed at the top Management Steering Committee Meeting which commenced Thursday at the NNPC Towers in Abuja to review the first quarter […]
Polish LNG terminal boasts highest utilization rate in Europe
Polish LNG terminal operator, Polskie LNG claims it currently has the highest utilization rate among all large LNG import terminals in Europe. The utilization of the first and only Polish LNG terminal in Swinoujscie is currently about 60 percent, chief executive Pawel Jakubowski told LNG World News on Wednesday in an interview at the sidelines […]