Nigeria

Peace Obi The Organization of Petroleum Exporting Countries, OPEC has commended the effort Nigeria and some other African countries have put up helping to stabilize prices in the global oil market by sticking to the Organisation’s…

Kenechukwu Obiajuru, Yenagoa The Minister of State for Petroleum, Dr Emmanuel Ibe Kachikwu has denied the knowledge about any plan by Exxon Mobil, operators of Mobil Producing Nigeria unlimited to stop operation in the country.…

…puts on sale oil and gas fields worth $3bn Chibisi Ohakah, Abuja The oil and gas industry in Nigeria was rattled yesterday as world largest oil exploration company by market value, ExxonMobil, confirmed its divesting from Nigeria.…

 The Nigerian National Petroleum Corporation (“NNPC”) and Chevron Nigeria Limited (“CNL”) have signed a Gas Sale and Aggregation Agreement (“GSAA”) with Dangote Fertilizer Limited (“DFL”) and Gas Aggregation Company of Nigeria Limited…

By Chibisi Ohakah An expert report has predicted that Nigeria and China would become major contributors to the global refining industry capacity growth from planned and announced projects between 2019 and 2023. In a report…

The Nigerian National Petroleum Corporation, NNPC has indicated that Nigeria would need India's technical assistance in the repairs of the country's  refineries.  The Group Managing Director of NNPC, Dr Maiktanti Baru disclosed…

Chibisi Ohakah, Abuja The Institute of Chartered Accountants of Nigeria (ICAN) has said that whereas the projections for crude oil price and production as captured in the proposed budget were very ambitious, and that the…

Chibisi Ohakah, Abuja Nigerian National Petroleum Corporation (NNPC) has announced the collaboration with the Nigeria Police towards combating the perennial menace of oil theft and pipeline vandalisation across the country. Details of the…

The Nigerian National Petroleum Corporation (NNPC) and its subsidiary, Nigerian Petroleum Development Company (NPDC) and other companies in the oil and gas sector have yet to remit revenue amounting to $22.06bn and N481.75bn to the…

Nigeria’s representative in Organization of Petroleum Exporting Countries (OPEC), Mele Kyari, has said the country cannot be ignored in the global oil market due to the growing positive outlook of its oil output. Mr Kyari, who is also…

Oge Obi As the awareness on alternative energy increases in the country, Nigerians are beginning to show strong interest to switch over to better and more effective sources of energy for their homes and businesses. This may also not be…

The Federal Government on Sunday assured that Nigeria would be great again, adding that the country was set for a season of prosperity and progress. The Vice President Yemi Osinbajo stated this at the 58th Independence Day…

Pirates have kidnapped 12 crew members from a Swiss cargo vessel in Nigerian waters. Massoel Shipping said its vessel, MV Glarus, was carrying wheat from Lagos to Port Harcourt when it was attacked on Saturday. “The pirate gang…

The Nigeria Liquefied Petroleum Gas Association (NLPGA), the umbrella body for the LPG industry in Nigeria, is collaborating with government regulatory agencies to prevent the incidence of explosion in gas plants across the country.…

Indications are that Nigeria may not be joining the Organisation of the Petroleum Exporting Countries, OPEC’s oil output cap anytime soon as data obtained from the group shows that the country’s oil production dropped by 115,000 barrels per…

The European Union has pledged to support the expansion of Nigeria’s power transmission infrastructure with a grant of €25m (N7.6bn at the official exchange rate of N305 to one Euro). According to the Transmission Company of…

*Expresses willingness to encourage more investments in Nigeria The United States has offered to help Nigeria develop her skills in new technologies that could help her grow her oil and gas production. US Secretary of Energy, Mr. Rick…

The African Development Bank wishes to categorically refute the statement that it has "called off loans to Nigeria", as reported in Reuters and credited to AfDB Vice-President for Power, Energy, Climate and Green Growth Amadou Hott.…

Oge Obi The former Minister of Aviation, Senator Stella Oduah has said that the southeastern part of the country would requires a minimum of three container ports as the region has continued to witness growth in trading activities and…

Oge Obi In readiness for the marginal oil field bid round scheduled to take place later this year or early next year, the Federal Government through the Department of Petroleum Resources (DPR) has set the guidelines, Orient Energy Review…