Eni: Italy widens probe into alleged obstruction in graft case
Italian prosecutors are widening an investigation into suspected obstruction of justice by officials of oil group Eni, sources said, threatening to open a new...
NNPC settles $833.57m Cash-Call Arrears to Mobil
The Nigerian National Petroleum Corporation (NNPC) says it has fully settled the total amount owed to Mobil Producing Nigeria (MPN) with a payment of...
OPEC re-elects Barkindo as Sec-Gen; seeks global oil cut
The Organization of Petroleum Exporting Countries (OPEC) on Monday night announced the re-election of Nigeria’s Mohammed Barkindo as Secretary General for a three-year tenure.
Barkindo,...
Use local content for economic growth — Total Plc
Total Nigeria PLC has called on the Federal Government to ensure that enforcement of local content would drive economic growth for development in the...
Shell, Exxon Mobil eye re-entry into Somalia’s upstream sector
Royal Dutch Shell and Exxon Mobil are looking to re-enter the market in Somalia ahead of an oil block bid round taking place later...
Illegal activities of crude oil thieves causes 90% pippeline leaks
Shell Nigeria seeks stakeholders' support over illegal activities of crude oil thieves, highlighting the danger of continuous sabotage to people and environment. The...
NNPC inaugurates Duke oil complex
The Nigerian National Petroleum Corporation (NNPC) on Thursday inaugurated a new office complex for its crude oil trading subsidiary, Duke Oil (NNPC Trading).
Speaking at...
Shell expands domestic gas distribution in Nigeria
Shell Nigeria Gas (SNG), the country’s first and wholly-owned subsidiary of an international oil company involved in domestic gas distribution in Nigeria, increased its...
US bans companies enabling shipment of Venezuelan oil to Cuba
The United States government on Friday sanctioned two companies, Ballito Bay Shipping Inc. and ProPer in Management Inc., operating in Venezuela’s oil sector and...
Adoption of methanol fuel technology will drive low-cost transportation, improve power — Onu
The Minister of Science and Technology, Dr Ogbonnaya Onu, says the adoption of methanol fuel technology will drive low-cost and efficient transportation and improve...
