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OML 118 : NNPC, SNEPCo, others sign 20 years deep water agreement

The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners have executed agreements to renew Oil Mining Lease (OML) 118 for...

OPEC postpones 60th Anniversary to September

The Organisation of Petroleum Exporting Countries (OPEC) has postponed its 60th anniversary which had been planned to hold in the second half of May to...

Oil price drops by $1.08

Oil price fell on Monday over fears that surging COVID-19 cases in India will dent fuel demand in the world's third-biggest oil importer, while...

OML 143: NNPC, SEEPCO sign gas development agreement to unlock 1.2TCF

  The gas development and commercialisation programme of the Nigerian National Petroleum Corporation received a boost on Thursday with the execution of the Oil Mining...
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