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Energy

OPEC+ Extends Oil Cuts in Boost For Nigeria

OPEC+ agreed to a one-month extension of its record output cuts and adopted a stricter approach to ensuring members don’t break their production pledges. The...

OPEC Daily Basket Price at $34.95 as Markets Eye Cuts Extension

The price of OPEC basket of thirteen crudes stood at $34.95 a barrel on Tuesday, compared with $33.68 the previous day, according to OPEC...

Brent Crude climbs above $40 for first time in 3 – months

Brent crude climbed back above $40 for the first time in almost three months on optimism crude producers would extend output cuts. Brent, the international...

DPR commences 2020 Marginal Field Bid Round Exercise

The Department of Petroleum Resources (DPR), has announced the commencement of the 2020 Marginal field Bid Round exercise, on behalf of the Federal Government...

PPPRA pegs PMS price at N121.50-N123.50 per litre for June

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced Guiding pump price of Premium Motor Spirit (PMS) from N121. 50 to N123.50 per liter...

Ex-NNPC GMD Maikanti Baru is dead

Maikanti Baru, the former group managing director of the NNPC, is dead. Baru died late Friday night in yet undisclosed location and of undisclosed ailments....

NNPC 1bn scf gas pipeline set to cross River Niger by August

An NNPC pipeline being constructed from the gas rich Eastern Nigeria to the West and North of the country with the potential to deliver...

Siemens Deal: Likely Solution to Nigeria’s Perennial Power Crisis In Sight

There might potentially be an end to Nigeria’s perennial crisis if the deal recent deal which saw all three parties Federal Government, DisCos and...

Oil slides After Surprise Jump in U.S. Crude Stockpiles

Oil extended losses after an industry report showed a surprise jump in U.S. crude stockpiles last week. West Texas Intermediate (WTI) crude futures fell as...

NNPC 6,621 Staff generated N14 m Profit per head in 2019

The Nigerian National Petroleum Corporation or NNPC which says it currently has 6,621 staff strength both at its headquarters and across all its subsidiaries,...

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