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President Muhammadu Buhari will today inaugurate the 5,000 barrels per day Waltersmith Modular Refinery and conduct the ground-breaking ceremony for the 45,000 barrels per day refinery expansion project at Ibigwe, Ohaji/Egbema Local…

Nigeria has continued to reel under the burden of frightening overheads in the four refineries despite the absence of any drop of refined crude oil coming from the refineries. The refineries are located in Warri, Port Harcourt and Kaduna. …

Nigeria’s minister of state, petroleum resources, Timipre Sylva, has called on Nigerians to be happy and proud that Africa’s biggest oil state is about to resume petroleum products importation from neighbouring Niger Republic. Sylva…

The Corporate Human Rights Benchmark (CHRB) has ranked ENI tops among the 199 companies assessed for leadership, the design and implementation of an effective approach to human rights. CHRB is an internationally recognized benchmark…

The Niger Delta Power Holding Company (NDPHC) has disclosed that it is engaging new engineering, procurement and construction (EPC) contractors to complete the four power plants located at Alaoji, Egbema, Omoku and Gbarain, and make them…

Nigeria’s leading deep-water energy company, the Shell Nigeria Exploration and Production Company (SNEPCo) has donated a state-of-the-art Information and Communications Technology (ICT) Centre to the Enugu State University of Science and…

With fuel demand in Europe falling again as major economies re-imposed lockdowns to fight the spike in coronavirus cases, it is believed that more refineries in Europe are at risk of permanent closure. Oilprice.com reported last weekend…

The Group Managing Ddirector of the Nigerian National Petroleum Corporation (NNPC), Engr Mele Kyari, has said that the apex oil corporation is the only company in the country that has cut its losses within one financial year by N800…

Oil producers in Arab Gulf are reportedly losing billions of U.S. dollars from oil revenues this year due to the impact of the Covid-19 pandemic that crippled global oil demand and oil prices. Oilprice.com reported last weekend that as…

The African Energy Chamber has released The Africa Energy Outlook 2021, with the forecasts for increased gas monetisation across the continent on the back of decarbonisation and industrialisation drive. The Chamber said it discovered…

Kenya has slashed the prices of super petrol, diesel and kerosene by Sh1.42, Sh2.21 and Sh2.10 per litre respectively, with immediate effect. The Energy and Petroleum Regulatory Authority for Residents, said Nairobi residents will…

The Executive Secretary, African Refiners and Distributors Association (ARA), Anibor Kragha, said that population explosion in the continent will force Africa to target sustainable financing options to build refineries and transport…

The Federal Government on Thursday signed a Memorandum of Understanding (MoU) with the Republic of Niger for the transportation and storage of petroleum products. In a statement by the Group General Manager/Special Adviser on Media to…

…As Nigeria’s LPG storage capacity now 69,698MTThe Group Managing Director, Techno Oil, Mrs. Nkechi Obi, has said that the 8,400MT-capacity LPG terminal built at Apapa by the company, would generate up to…

The Nigerian Content Development and Monitoring Board (NCDMB) in partnership with Enactus Nigeria on Thursday launched the Nigerian Content Science and Technology Innovation Challenge, STIC in Lagos. The Nigerian Content STIC is another…

The management of Total Exploration and Production Nigeria Ltd has taken the position that despite the presence of oil and gas majors in the Nigerian turf, the country remains very risky for business. The company points at what it…

Electricity power generation private sector group has countered the Nigerian Electricity Regulatory Commission, saying the problems bugging the sector are so overwhelming that they may end up derailing the sector. Elated by the recent…

The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Wednesday inaugurated the 8,400 Metric Tonnes (MT) Liquified Petroleum Gas (LPG)  terminal built by Techno Oil in Kirikiri, Lagos. Inaugurating the gas terminal, the…

The Organisation of Petroleum Exporting Countries (OPEC) has said that the number of active oil rigs in Nigeria declined by 30% in October, with the rig count falling to seven in October from 10 in September. The rig count is largely a…

The Nigerian National Petroleum Corporation was the centre of attraction at the Nigerian Society of Engineers’ (NSE) fellowship award ceremony with the Corporation bagging a Special Recognition Award and seven of its staff, including the…