Shell disputes $2 billion oil spill case, appeals judgement
Royal Dutch Shell has appealed a 2020 $2 billion judgement which was awarded against her…
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Nigeria Has Adequate Local Capacity to Contain Oil Spills, Says NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has debunked speculations that the country lacks capacity…
Chevron, ExxonMobil, others to pay NNPC N156bn for crude exports
Nine multinational oil companies including Chevron and ExxonMobil will pay the Nigerian National Petroleum Company…
Cooking gas price jumps by 240%, marketers halt imports
Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity. Investigations…
Subsidy payment costs N864.07bn in nine months –NNPC report
The Nigerian National Petroleum Corporation spent a total of N864.07bn between January and September subsidising…
NNPC admits hitches in depots, dismisses price hike rumour
The Nigerian National Petroleum Corporation has admitted that there are pricing issues at some petrol…
Oil prices surpass $82 amid disappointing US jobs report
Crude oil prices settled higher on the back of tightened supply balances and a weak…
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…
Petrol landing cost now N278, says MOMAN, crude reaches $80
The Major Oil Marketers Association has said that the landing cost of petrol has risen…
NNPC Struggles to Remit N349.2bn of Projected N1.465trn to FAAC in Seven Months
Out of a possible N1.46 trillion the Nigerian National Petroleum Corporation (NNPC) budgeted as revenue…