Oil Rises Slightly To $40, Demand Concerns Persist       Crude oil prices on Wednesday clawed back some of the losses they sustained in the previous session, but a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand. The international oil...

Edo Refinery Applies To NNPC For Crude Supply     With the Edo Modular Refinery nearing completion, it has applied to the Nigerian National Petroleum Corporation for the supply of crude for use in the phase one development of the facility. The ERPC, in a statement by its...

In 13 Months, NNPC Generates $4.6bn From Crude Exports     The Nigerian National Petroleum Corporation on Sunday announced that it made $4.6bn as total crude oil and gas export receipts from June 2019 to June 2020. It also stated that the total crude oil and gas export...

NPDC Planning 500,000 Barrel Of Crude Oil Per Day – NNPC Boss     Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, has assured that the Nigeria Petroleum Development Company will scale up its production to 500, 000 barrels of crude oil per day...

Nigeria’s Oil Production Falls To 1.37m Barrels     Daily crude oil production in Nigeria dropped by 38,000 barrels in July to 1.37 million barrels, a new report by the Organisation of Petroleum Exporting Countries showed on Wednesday. The oil cartel, in its Monthly Oil Report for August,...

Nigeria’s Oil Projects Threatened As IOCs Suffer $27.8bn Loss   Several major oil and gas projects in Nigeria may suffer further delays as international oil companies operating in the country saw their financials take a dive in the second quarter of this year. The slump in oil...