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Nigeria to maintain crude output as OPEC extends crude cut

Nigeria will maintain it’s output of 2.2 million barrels per day, according to the outcome of the Organisation of Petroleum Exporting Countries (OPEC) meeting in Vienna. This was disclosed at the 172nd ordinary OPEC meeting in Austria. More than 20 OPEC and non-OPEC countries, in November 2016, agreed to collectively ...

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Senate passes petroleum industry reform bill

The federal senate on Thursday passed first tranche of the Petroleum Industry Bill (PIB), called the Petroleum Industry Governance Bill (PIGB) 2017. The bill, which is expected to take care of the governance aspect of the industry, scaled third reading following presentation of report of Joint Committee on Petroleum Resources ...

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