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Oil

NNPC Confirms Oil Discovery in Nasarawa, To Start Drilling in March

Nigerian National Petroleum Corporation (NNPC) Limited has confirmed the discovery of oil in Nasarawa State.NNPC disclosed this in a series of tweets on Friday,...

Oil Theft: 58 Illegal Oil Blocks Discovered So Far In Niger Delta – Tompolo

About 58 illegal oil blocks have been discovered so far since the operation to end oil theft on the waterways of Delta and Bayelsa...

EU Proposes Gradual Ban on Oil Imports from Russia

European Commission (EU) countries will stop importing Russian oil in the next six months as part of sanctions against Moscow for waging war on...

Oil prices jump as OPEC+ agrees to stick to planned output

Oil prices jumped Wednesday as the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed to stick to its planned...

Global Oil demand 2021 Pegs at 96.5 mb/d, 100.6 mb/d in 2022 – OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) says World total oil demand in 2021 is pegged at 96.5 million barrel per day (mb/d(...

Oil in Niger Delta Belongs to Nigeria, Obasanjo Replies Clark

The former President of Nigeria, Chief Olusegun Obasanjo Tuesday said that he never hated the Niger Delta Region contrary to the accusation of Chief...

Oil exports to drop as Shell declares force majeure on Nigerian Forcados crude

Shell Petroleum Development Company of Nigeria (SPDC) says it has declared force majeure on exports of Nigerian Forcados crude oil after a malfunctioning barge...

With Focus On Non-Oil Exports, Economic Diversification Is On Course – Osinbajo

The Vice President, Professor Yemi Osinbajo, believes Nigeria is on the right path to economic diversification focusing on non-oil exports, with the zero-oil plan...

Nigeria Moving Quickly Away from Oil Dependence – Osinbajo

Vice President Yemi Osinbajo has declared that Nigeria is moving quickly away from oil dependence and the Federal Government will continue to support Nigerian...

Oil demand will gain momentum in H2 2021 – OPEC

The Organisation of Petroleum Exporting Countries has said that the demand for crude oil will gain momentum in the second half of 2021, beginning...

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