Oil Consortium To Deliver 1.8bn Litres PMS, Save $1.7bn Consortium, involving JIL Engineering & Oil Services Limited and Amber Enerji Makina Logistics, is set to deliver 1,898,460,000 litres of petrol as part of moves to enable Nigeria exit massive importation by 2019. Oil The Chief...

Nigeria’s Oil Revenue Hits $26bn In 7months Following the rally in global crude oil prices, Nigeria has recorded a significant increase in oil export revenue as the country earned an estimated $26bn in the first seven months of this year. The country saw its oil export...

As Supply Tightens, Oil Price Rises Above $74 The global oil benchmark, Brent crude, hit a two-week high above $74 a barrel on Wednesday as an industry report showing a sharp drop in US crude inventories and US sanctions on Iran pointed to tighter supplies. The...

We Now Supply 40% of Gas in Nigeria, Says Chevron Oil firm, Chevron Nigeria Limited (CNL) has said that it now supplies up to 40 per cent of the domestic gas used in Nigeria, and on the back of that, has reduced gas flaring at...

Oil: NNPC Worries Over Lack Of Exploration Funds The Group Managing Director, Nigerian National Petroleum Corporation, Dr Maikanti Baru, has raised concerns over the dearth of funding for oil and gas exploration in the country. Baru, who delivered an address on Monday at the 42nd Nigeria...

Oil: OPEC Production Climbs As Saudi Arabia Pumps More Crude oil production from the Organisation of Petroleum Exporting Countries increased last month as Saudi Arabia pumped near-record volumes to make good on a pledge to consumers that demand would be met. The kingdom’s oil production grew...