The Nigerian National Petroleum Corporation, NNPC, has stated that the vandalism of crude oil pipelines dropped by 32.93 per cent, from 82 cases in April 2017 to 55 cases in May, 2017.

There was no change in Nigeria’s rig count as it remained at 27 in June and May, 2017, while the Organisation of Petroleum Exporting Countries, OPEC, rig count declined by two, as it recorded 566 in June against 568 in May, data from OPEC, obtained by Vanguard shows.

The United Kingdom, Brazil and Nigeria have emerged as nations with the highest cost of producing oil in the world.

Given the persistent weakness and volatility in the price of crude oil, the CBN will continue to closely monitor the exposure of banks to the oil and gas sector and take appropriate actions to curtail systemic risks in the industry

OVER 5, 500 children who survived lead poisoning in Zamfara and Niger states have been treated by a Dutch international development agency, Medecins Sans Frontieres, MSN, also called Doctors without Borders.

Miners under the auspices of Miners Association of Nigeria, MAN, have hailed the Federal Government over the recent inauguration of ‘Development Partners and Donor Agencies Coordination Group on Mining’ by the Minister of Mines and Steel Development, Dr Kayode Fayemi.

I can tell you that in the last 15years or so, the refineries have been in extremely bad condition and we have been relying exclusively on imports, which is extremely disgraceful.

CHIEF Executive Officer of Seplat Petroleum Development Company, SPDC, Mr. Austin Avuru has lamented the delay that trailed the passage of the Petroleum Industry Governance Bill, PIGB, stressing that the delay is capable of driving away would-be investors from the Nigerian petroleum sector.

Stakeholders have called on the Federal Government to intensify efforts, toward ensuring that 30 percent of its electricity is generated from renewables by 2030.

The Nigerian National Petroleum Corporation, NNPC, and its subsidiary, the Pipeline and Products Marketing Company, PPMC, earned N680.1billion from the sale of 5.5 billion litres of white petroleum products in the first four months of the year, between January and April 2017.