Energy

NNPC pays ExxonMobil Nigeria affiliate $833.57m final cash-call arrears, three years ahead of repayment plan

Three years ahead of a scheduled repayment agreement, state-owned oil company, Nigerian National Petroleum Corporation (NNPC) has paid ExxonMobil's Nigeria…

Oil supertanker bound for Syria detained in Gibraltar

British Royal Marines and officials in Gibraltar have detained the supertanker Grace 1 suspected of carrying crude oil to Syria,…

Smugglers move Nigeria’s petrol to Mali, Ghana, others — NNPC

Smugglers of premium motor spirit, popularly known as petrol, smuggle the commodity to as far as Burkina Faso, Mali and…

NNPC largest gas supplier to power sector in Nigeria, says Baru

The Nigerian National Petroleum Corporation (NNPC) remains the largest supplier of gas to the nation’s power sector, Maikanti Baru, the…

Shell’s oil flow station to reopen as July 1 set for signing MoU with OML25 communities

To pay N1.349bn to community in two weeks Parties to renegotiate GMoU   Shell Petroleum Development Company (SPDC) and stakeholder…

EU okays 165m euros for Nigeria’s renewable energy

European Union (EU) has approved 165 million euros to support Nigeria’s renewable energy programme, Ketil Karslen, E.U's head of delegation to…