OPEC July Oil Output Rises, Hits 2018 Peak   OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a Reuters survey found, although losses from Iran...

Oil: Ghana, Others To Import From Dangote’s Refinery Ahead of the completion of the Dangote Oil Refinery, petroleum importing African nations and bulk oil distributors based in Ghana have expressed eagerness to patronise the Nigerian plant when production starts. The oil buyers said arrangements had been...

NNPC, Nigeria’s Oil Behemoth Records 3years N547bn Losses   It’s meant to be a cash cow, but the state oil company of Africa’s biggest producer is bleeding money. The Nigerian National Petroleum Corporation, the Abuja-based behemoth that dominates Nigeria’s energy industry, has recorded losses for at least...

763 Million Barrels Of Oil Produced In 12 Years - Shell   Shell Nigeria Exploration and Production Company on Sunday said it had delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017. SNEPCo, according to a...

Oil: High Prices Boost Indigenous Firms , IOCs Earning In Q1 As crude oil prices continue to soar, International Oil Companies (IOCs), and indigenous firms in Nigeria recorded significant profit during the first quarter of 2018. Sharply climbing oil prices and years of cutting cost when...

Baru Urges NNPC And Oil Service Firms To Go Global The Nigerian National Petroleum Corporation (NNPC) and indigenous oil services firms should extend their operations to other petroleum industries across the world. NNPC Group Managing Director (GMD) Dr Maikanti Baru has said. Baru who spoke while...