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    Nigeria incorporates state oil firm NNPC, with $485 mln capitalisation

    Oct 8 (Reuters) - Nigeria's state-oil firm NNPC is now a fully incorporated company in compliance with a new petroleum law, President Muhammadu Buhari...

    Nigeria’s Aiteo Sues Shell Over Wells as Legal Disputes Escalate

    Nigerian oil producer sued Royal Dutch Shell Plc for more than $2 billion over the ownership of oil wells, intensifying a dispute around an...

    NNPC says, natural gas export sales fetched $38.56m in May 2021

    By Edith Ike-Eboh Abuja, October 07, 2021 The Nigerian National Petroleum Corporation(NNPC ) has announced that natural gas production in the country increased by 6.19...

    Bayelsa bemoans loss of OML 46 to ex-partners

    By Nathan Nwakamma Yenagoa, October 07, 2021 The Management of Bayelsa Oil Company Limited has said that the loss of its operating license in the...

    Nigeria lost N221.64bn in July to oil production stoppages – NNPC

    A total of 7,193,520 barrels of crude oil was lost in July this year due to about 39 production shut-in incidents, latest figures released...

    Reps summon NNPC GMD over alleged award of costal shipping contract to foreigner

    Abuja, Oct. 6, 2021 The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, over...

    Buhari to ExxonMobil: Take advantage of PIA to enhance investment

    By Ismaila Chafe Abuja, Oct. 6, 2021 President Muhammadu Buhari has urged operators in the petroleum industry to take advantage of the new Petroleum Industry...

    House to Probe Award of Contracts for Refurbishment of Refineries by NNPC

    By Adedayo Akinwale The House of Representatives has ordered an investigation into the award of contracts for the refurbishment of refineries by the Nigerian National...

    Oil retreats from multi-year highs after U.S. stock build

    OPEC+ stick to plan for gradual supply hikes U.S crude, gasoline stocks rise unexpectedly last week -EIA U.S. crude output returns to pre-storm levels - EIA NEW...

    EIA see renewables become primary source for new electricity generation in 2050 as global energy consumption spikes

    The U.S. Energy Information Administration (EIA) projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between...

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