Oil And Gas

The Federal Government of Nigeria (FGN) has revealed that it was rebuilding the country’s upstream sector to attain 100% in crude oil production by producing 3.0 million barrels per day up from the 1.5 million barrel per day average it has…

The Nigerian National Petroleum Corporation (NNPC) Limited has signed a $1.04 billion facility deal with the African Export-Import Bank (Afreximbank) to finance petroleum exploration in Nigeria in order to boost crude oil production in the…

A report released a few days ago by the Organization of Petroleum Exporting Countries (OPEC) has shown that Nigeria has lost its position as the biggest oil producing country in Africa to Libya. According to the report, Nigeria’s oil…

Meanwhile, the National Oil Spills Detection and Response Agency (NOSDRA) has raised alarm that the Nov. 5 oil spill which occured at a well close to Oil Mining Lease (OML) 29 is yet to be taken care of as at date. The indigenous…

An Ijaw group under the aegis of Ijaw Diaspora Council, (IDC) has called on the Federal Government and the international community to urgently intervene to put a stop to the continued oil leak at Santa Barbara oil well 1 in Nembe, Bayelsa…

Revises Down Its Forecast by 160,000 bpd The Organization of Petroleum Exporting Countries (OPEC) has forecasted that global oil demand would average 96.4 million barrels per day (bpd) this year. It explained in a report released…

The Africa Safety Awards for Excellence (AfriSAFE) has disclosed that it will honour the Chief Executive Officer of the Nigeria Liquefied Natural Gas Limited (NLNG), Tony Attah, Seplat Petroleum Development Company Plc and other top…

As fears that energy supply could be threatened, Nigeria and other African nations are shifting their attention to natural gas for energy transition. Africa energy ministers at the Africa Oil Week conference in Dubai said that African…

The Chevron companies in Nigeria celebrate with the country on the 61st anniversary of Nigeria’s independence, on October 1, 2021. The Nigerian oil and gas industry is strategic to the overall socio-economic development of the country.…

An oil and gas expert, Mr Wilson Opuwei, says the recent declaration of profit after tax of N287 billion for the year 2020 by the Nigerian National Petroleum Corporation (NNPC) will boost investor confidence in the oil and gas sector. …

Amid daunting challenges plaguing Nigeria's oil and gas sector, an industry expert and former Technical Adviser to the Ministry of Petroleum Resources, Engr. Rabiu Suleiman has called for higher investments in Information Communications…

The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mele Kyari has said that opportunities abound in the nation's oil, gas, power sector as well as in infrastructure development. Kyari stated that despite the…

The call for the relocation of oil companies to the Niger Delta area would not be possible in absence of peace and security in the region, the Minister of State for Petroleum Resources, Timipre Sylva, has said. According to Sylva,…

The Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation (NNPC) and DSV Engineering on Friday signed the Final Investment Decision (FID) for the construction of 10,000 tonnes/day methanol…

      …Says security is pre-condition for oil firms to return The administration of President Muhammadu Buhari is very committed to the development of Bayelsa State and other states of the Niger Delta, the Minister of State for…

The Mediterranean Gas & Energy Week, the industry’s biggest online event in the region, concluded its three day of sessions with 60 expert speakers presenting the latest opportunities in the region to over 2,000 senior executives from…

The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Thursday said that the Federal Government is expecting the passage of the Petroleum Industry Bill by the National Assembly in March or April. Sylva said this on the…

The Nigerian National Petroleum Corporation (NNPC) has said that its downstream subsidiary, the Petroleum Products Marketing Company, recorded a total of ₦1.95tn from the sale of white products for the period October 2019 to October 2020. …

The New Telegraph Newspapers on Tuesday in Lagos conferred Nigerian National Petroleum Corporation (NNPC) with the award of ‘Government Agency of the Year 2020’. The Group Managing Director, Nigerian National Petroleum Corporation…

The 2021 edition of the Nigerian International Petroleum Summit (NIPS) has been postponed to June 6, 2021 instead of the earlier dates of March 28 to April 1, 2021. The Minister of State for Petroleum Resources, Chief Timipre Sylva, who…