Our role in recovery of $55 billion from oil firms for Buhari’s Govt – Trobell
An oil and gas consultancy firm, Trobell International Limited has given an account of how it helped the federal government recover over $55 billion in […]
Oil
Atiku to FG: Liberalise the downstream oil sector
Former Vice President of Nigeria and Presidential candidate of the Peoples Democratic Party (PDP) in the 2019 election, Atiku Abubakar has again called on the […]
COVID-19: Time for Nigeria to look beyond oil – Uba
A development and governance expert, Dr. Chiwuike Uba, has commended the decision of the Organisation of Petroleum Exporting Countries (OPEC), to cut down oil production […]
No conflict between Bauchi, Gombe over oil discovery – Gov Mohammed
Governor Bala Mohammed of Bauchi states says there is no conflict between Bauchi and Gombe states over oil discovery in border communities of the states. […]
Nigeria can’t recover lost ground from Amended Deep Offshore Act – Expert
Prof. Wunmi Iledare, former President Nigerian Association for Energy Economists (NAEE), says Nigeria will not recover its lost revenue with the signing into law the […]
Oil discovery in Gongola Basin significant for national development, says NAPE
The Nigerian Association of Petroleum Explorationists (NAPE) has lauded the oil discovery in Gongola Basin, saying it is significant to oil and gas industry, for […]
Nigeria earns N28.6trn from oil, non-oil sources in 5 years
#TrackNigeria The Nigeria Extractive Industries Transparency Initiative (NEITI) said that N28.58 trillion was remitted to the Federation Account between 2012 and 2016, from mineral revenues, […]
National Assembly pledges support for NNPC to grow production
The drive by the Nigerian National Petroleum Corporation (NNPC) to significantly grow oil production has received lawmakers’ endorsement as the National Assembly has pledged its […]
OPEC cuts 2020 oil demand forecast, urges effort to avert new glut
OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said […]
Oil hits 6-week high on hopes of extended OPEC output cuts
Oil futures hit a six-week high on Tuesday, rising for a fifth day on optimism that OPEC and other countries may agree to extend production […]
Moghalu decries Nigeria’s continued dependence on oil
#TrackNigeria Prof. Kingsley Moghalu, a presidential candidate for the Young Progressives Party (YPP) in the 2019 presidential election, has expressed concern about the nation’s reliance […]
Minister pledges to work for better oil, gas sector
The newly inaugurated Minister of State, Petroleum, Mr Timipre Silva, has pledged his readiness to work with all to ensure a viable oil and gas […]
Omo-Agege commends Belema Oil for relocation to host community
By heeding the Federal Government’s call on Nigerian and multi-national oil and gas companies to relocate their operational headquarters to the Niger Delta, BelemaOil Producing […]
NPDC seeks police, DSS partnership on oil assets protection
#TrackNigeria–The Nigerian Petroleum Development Company (NPDC) – the Upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC) – has sought the collaboration of the Nigerian […]
NNPC to extend trade relations with Turkey beyond oil
The Nigerian National Petroleum Corporation (NNPC) has expressed its desire to extend Nigeria’s trade relations with Turkey beyond crude oil. Group Managing Director of NNPC, […]
Greenpeace urges W’African govts to phase out fishmeal, oil
By Ibrahim Mohammed International non-governmental organization campaigning against environmental degradation, Greenpeace has called on West African governments to immediately phase out fishmeal and fish oil […]
Oil: NNPC, Customs, DPR set up joint c’ttee to combat smuggling
By Abdallah el-Kurebe, Editor #TrackNigeria: The Nigerian National Petroleum Corporation (NNPC), Nigeria Customs Service (NCS) and the Department of Petroleum Resources (DPR) have agreed to […]
Malabu: Court orders arrest of Dan Etete, others
#TrackNigeria – Justice D.Z. Senchi, of a Federal Capital Territory, (FCT) High Court, sitting in Jabi has granted the prayers of the Economic and Financial […]
NNPC says Nigeria’s daily crude production in 2018 stood at 2.019m barrels
The Nigerian National Petroleum Corporation (NNPC) says that the national average daily crude oil production stood at about 2.019 million barrels in 2018. The NNPC […]
MTEF: FG proposes 2.3m bpd oil production at $60pb oil benchmark
#TrackNigeria -The Federal Government says its key assumptions and micro-framework of the 2019 budget will be based on a projection of 2.3mbpd oil production, oil […]
Oil extends first-quarter gains on tight supply, economic optimism
Oil rose on Monday building on its largest first-quarter gains in nearly a decade as tight supply and positive signs for the global economy supported […]
Falana writes Buhari, asks him not to allocate oil blocks to individuals
#TrackNigeria – Renowned lawyer and activist, Femi Falana,SAN has called on President Muhammadu Buhari not to allocate oil blocs to private individuals and corporate bodies […]
Oil edges up amid OPEC cuts
Oil edges up amid OPEC cuts Oil edged up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, […]
BREAKING: NNPC recovers N771million forfeited assets from defaulting marketers
#TrackNigeria – The Nigerian National Petroleum Corporation (NNPC) has recovered assets worth over N771million from some marketers who had under-paid for petroleum products supplied to […]
Oil drops as China cuts economic growth target
Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output […]