The Nigerian National Petroleum Corporation on Monday announced that it would build more depots across the country.
The Group Managing Director, NNPC, Maikanti Baru, disclosed the corporation’s plan to build more depots while…
The Nigerian Content Development and Monitoring Board (NCDMB) and the Independent Petroleum Producers Group (IPPG) will collaborate to deepen Local Content implementation in the oil and gas industry.
Executive Secretary, NCDMB, Engr.…
A total sum of $200m (N61.18bn at the official exchange rate of N305.9 to a dollar) has been released to the Bank of Industry as intervention fund for indigenous oil and gas service providers, the Nigerian Content Development and…
Stories by Dirisu Yakubu with agency reports
Nigeria’s Finance Minister, Kemi Adeosun has faulted the description of Nigeria as an oil economy as erroneous, saying the facts on ground contradict such claims.
The minister stated this…
By Dirisu Yakubu with agency reports
The United States on Tuesday said it would encourage more of its firms to invest in Nigeria’s oil and gas sector. This promise was made during a meeting held between Nigeria’s Minister of State for…
By Oge Obi
The OPEC-Non-OPEC producing countries’ Joint Ministerial Monitoring Committee (JMMC) has stated that based on the report of its Joint Technical Committee (JTC) for the month of September 2017, OPEC and participating Non-OPEC…
By Oge Obi
The Minister of State for Petroleum Resources, Dr. Ibe Kackikwu has said that inspite of the seemingly challenges Nigerian business environment might be faced with, the country remains an irresistible business destination for…
By Oge Obi
The Federal Government has disclosed that it would conclude the selection processes and announce the chosen private companies for the repairs, revamp and maintain of the country’s three refineries in the first quarter of 2018.…
Petroleum Technology Association of Nigeria (PETAN) Announces Details of Inaugural West African International Petroleum Exhibition and Conference (WAIPEC) to Launch in February 2017.
During the three-day event, delegates will have the…
The Trans Niger Pipeline in Gio, Tai Local Government Area of Rivers state has been shut by Shell Petroleum Development Company (SPDC) of Nigeria Limited.
In a statement issued in Port Harcourt on Tuesday, Mr. Joe Obari, SPDC spokesman,…
GMD, NNPC, Dr. Maikanti Baru
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru on Thursday pledged the support of the NNPC to help the Nigerian Gas Association achieve its objectives of ensuring…
…As RMAFC Committee Okays Four Aje Oil Wells For Lagos
…To Commence Disbursement of 13% Derivation Fund To State
By Margaret Nongo-Okojokwu
Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday said that the commencement of crude oil…
Chevron Nigeria spent $3.6 billion on Nigeria content in 2015 as part of its commitment to local capacity building in boosting local economies and creating job opportunities.
The company said in its 2015 Corporate Responsibility Report that…
Managing Director, Lagos Deep Offshore Logistics base (LADOL), Dr. Amy Jadesimi has called on government at all levels to evolve policies that would encourage more participation of women in the nations vast maritime and the oil and gas…
Waziri Adio, the Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), has revealed that Nigeria has lost over USD5.9billion in 2013 to oil theft.
According to him, USD4.7billion was lost to oil theft and…
Recent attacks on oil and gas pipelines have cost Nigeria almost half of its daily crude oil production, in addition to denying power generating plants the needed gas supply, thereby depressing the nation’s electricity output to a new low…
By Margaret Nongo-Okojokwu
Chief Executive officer of Frontier Oil Limited, Mr. Dada Thomas has called for a review of Nigeria’s Gas Master Plan so as to eliminate the challenges hindering its implementation.
Addressing newsmen in Lagos,…
Oil production in Nigeria has risen to about 1.9 million barrels per day (bpd), from 1.6 million bpd, due to repairs and more than a week having passed since a major pipeline attack in the Niger Delta, a state oil company spokesman said on…
The President of Nigeria Gas Association (NGA), Mr. Bolaji Osunsanya has stated that the Nigeria’s gas sector has over $55 billion worth of investment opportunities, thus indicating great potentials for extremely growth in the economy and…
The Royal Dutch Shell, Nigeria division, has lifted a force majeure on exports of Bonny Light crude oil, the latest sign that oil production is recovering after being hit by militant attacks in its oil rich Delta region.
The force majeure…
