The Nigerian National Petroleum Corporation announced that it had commenced the integration of biofuels production from selected energy crops through its agriculture development programme. It stated that it had started mobilising to site on a first large-scale commercial biofuels venture in Nigeria, adding that it...

The Nigerian National Petroleum Corporation, NNPC, yesterday, painted a gloomy outlook for Nigeria’s economic fortunes, as it disclosed that the country’s crude oil and gas reserves were fast depleting. The NNPC in a statement in Abuja, therefore, begged oil and gas exploration companies, professionals and...

Despite the alarm of looming scarcity of petrol raised by some major and independent markets, the price of petrol at the various depots in Lagos has remained relatively stable, THISDAY’s investigation has revealed. This is coming as the price of Kerosene has risen to over...

The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to partner with stakeholders in the Oil and Gas Industry to grow the nation’s fast depleting reserves in order to increase productivity in the petroleum sector. Group Managing Director of the NNPC, Dr. Maikanti Baru...

Global oil benchmark, Brent crude, extended its rally on Sunday to hit the $50 per barrel mark, the third time this year. This comes as the expected return of the Forcados export terminal has helped to boost Nigeria’s planned crude oil exports this month to...

...Seek dollars to stockpile petrol ahead of Christmas, decry multiple taxation  ...NNPC: Egina to add 200,000bpd to Nigeria’s oil output by 2018 Despite the preferential foreign exchange rate given to oil marketing firms by the international oil companies (IOCs), aimed at sustaining the importation of petrol...