Not less than 224 companies have submitted bids to the Nigerian National Petroleum Corporation seeking to purchase and lift Nigerian crude oil grades for the period 2016/2017. Successful companies would participate in the lifting of about 700, 000 barrels per day of crude oil on...

Shell, supported by the Nigerian National Petroleum Corporation, has signed Memoranda of Understanding with eight local banks under the refreshed Shell Contractors’ Support Fund. The oil major, in a statement  described the development as the latest milestone in efforts to improve access to finance for...

The Nigerian National Petroleum Corporation (NNPC) has commenced work on a scheme to improve the quality of diesel in the Nigerian market for efficient and optimal performance of diesel-powered engines. This was disclosed by the Manager, Collaborative Research of the Research & Development Division, Engr....

At its meeting presided over by the Vice President, Prof. Yemi Osinbajo, SAN, the National Economic Council, NEC, today endorsed a new funding regime for the oil and gas industry, eliminating the often arduous and onerous cash call regime which has dragged the industry...

• Revenue from sale of white products drops to N96.06b The average price of Household Kerosene (HHK), often shortened as kerosene, was highest in Sokoto, Taraba and Yobe, where the price in most other states was N293 per litre. Average kerosene price, according to the National...

As part of concerted efforts to grow local content in the Oil and Gas Industry, the Nigerian National Petroleum Corporation (NNPC) and Niger Dock Plc have promised to work together in the areas of engineering, procurement and construction to boost the nation’s economy. The Group...