Industry

Funds, competence necessary in Nigeria’s bidding round- ND Western An indigenous oil and gas company, ND Western, has disclosed why financial muscle, technical competence and historical performance form the major considerations in…
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– Threatens nascent industry A rush by U.S. fuel makers to recalibrate their plants to produce renewable diesel has created a supply glut for low-emissions biofuels, hammering profit margins for refiners and threatening to impede a…
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FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, April 25, 2013. Chevron will report earnings on April 26. REUTERS/Mike Blake/File Photo/File Photo American oil giant Chevron has launched the sale of its stakes in…
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Oil Spill The National Youth Council of Ogoni People (NYCOP) said they have begun the process of multi-stakeholder negotiations on the resumption of oil extraction in Ogoniland. The group disclosed this during a mega rally organised…
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L-R: Deputy Manager, External Relations, NNPC Upstream Investment Management Service (NUIMS), Edith Lawson; Executive Director, THE IREDE Foundation, Crystal Chigbu; Programmes Associate, THE IREDE Foundation, Obafemi Ekundayo and Chief…
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Seized containers The Western Marine Command of the Nigeria Customs Service (NCS) in Lagos has intercepted two boats laden with 12,500 litres of Premium Motor Spirit (PMS) valued at N8.7 million. The seizure was found concealed in…
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By Saidu Abubakar The Nigerian Content Development and Monitoring Board (NCDMB) has reassured stakeholders of the industry that oil and gas service companies that have established capacities in the country will continue to enjoy…
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By Saidu Abubakar The Nigerian National Petroleum Company, NNPC Exploration and Production Limited (NNPC E&P Ltd), NNPC Ltd’s flagship upstream subsidiary, and Natural Oilfield Services Ltd (NOSL), a subsidiary of Sterling Oil…
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The Federal Government has assured Nigerians that the introduction of Compressed Natural Gas buses as part of the Presidential CNG Initiative will significantly reduce transportation costs. The government also assured all that it…
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As Nigerians battle with fuel scarcity, a filling station in Taraba State has been sealed off by the Nigerian Midstream and Downstream Petroleum Regulatory Authority for allegedly diverting 18 trucks of Premium Motor Spirit. The…
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