Damilola Shittu – Abuja The Senate on Thursday asked oil marketers to give the Federal Government more time, to resolve the issue of unpaid subsidy. After deliberating on the letter sent to the Senate by independent oil, marketers, the legislative chamber said, the government would need more time to look into their demands. On the…
Organisation of Petroleum Exporting Countries (OPEC) members and other oil-producing countries gather in Vienna on Thursday to discuss cutting output to prop up prices, as US President Donald Trump urged them to keep the faucets open. Oil ministers from 20 or so countries busily criss-crossed the Austrian capital on Wednesday for preparatory negotiations ahead of…
Damilola Shittu – Abuja A multi-billion dollar investment opportunity in the nation’s deep-offshore frontiers was unveiled on Wednesday, at the 10th World Energy Capital Assembly in London, United Kingdom. It was part of the drive by the Nigerian National Petroleum Corporation (NNPC) to raise Nigeria’s crude oil reserve. Delivering an address at the panel session…
The Nigerian National Petroleum Corporation (NNPC) has reiterated that it has no plan to carry out mass retirement of staff. The corporation’s spokesman, Mr Ndu Ughamadu, disclosed this in a statement in Abuja on Wednesday. He said that Group Managing Director of the corporation, Dr Maikanti Baru, gave the assurance at a programme – CS…
