Oil and Gas

Power sector loses N117.8bn to gas shortage, others

  Between January 1 and March 6, Nigeria’s power sector lost N117.8bn, investigation has shown. Findings showed that the sector…

More revenue worries for Nigeria as oil price crashes to $33, loses $11 in hours 

The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel.…

Seplat assures shareholders of profitable old asset management

By Omobayo Azeez Seplat Petroleum Development Company Plc has reiterated its commitment to managing old and matured assets profitably and…

Nigeria’s oil reserves’ll run dry in 49 years – DPR

The nation’s crude oil reserves of 37 billion barrels, two per cent of which is being produced annually, will be…

Oil hits two-week high on China stimulus hopes, supply risks

Oil rose to a two-week high on hopes that economic stimulus from China can revive demand battered by the coronavirus,…

$750m oil stolen in 2019, says NNPC

The Nigerian National Petroleum Corporation has said the nation lost about $750m to crude oil theft in 2019. Mele Kyari,…

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