Industry

Lee Engineering International Machinery Services Ltd., an equipment fabrication hub, will be inaugurated by the Federal Government in the first quarter of 2023 to boost oil and gas production Dr Leemon Ikpea, the Chief Executive…
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The management of Dubri Oil Company Limited, on Thursday, said about 60 barrels of its crude oil was lost daily from its production in Oil Mining Lease (OML) 96 after vandals drilled into the company’s evacuation network. It is…
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The group managing director of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, has disclosed that the oil company cannot maintain a pump price of N170 per litre for Premium Motor Spirit (PMS), popularly known as…
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The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mr Mele Kyari has alleged a threat to his life over his role in curtailing the theft of oil running into trillions of naira in the…
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Working in partnership with Tantita Security Services Ltd, the Nigerian National Petroleum Company Ltd, has again recorded another major breakthrough in it’s fight against crude oil thieves, with the discovery of another illegal…
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Nigeria’s daily crude oil production output rose above 1 million barrels per day to an average of 1,014,485 BPD in October 2022. This was disclosed in the October Crude Oil Production Report by the Nigerian Upstream Petroleum…
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After weeks of relief, diesel prices appear to be on the rise again, partly in response to the volatility in the energy market over concerns about supply from Europe and unstable foreign exchange rates. For many businesses,…
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The Organization of Petroleum Exporting Countries (OPEC) has revealed that the Dangote Refinery, a $19-billion integrated petrochemical refinery complex owned by Nigerian billionaire Aliko Dangote, will account for more than half of…
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Nigerian youth have been called on to be involved in the campaign for accountability and transparency in the extractive sector in order to help checkmate and reduce corruption in the Oil and Gas industry. Program Manager – Tax…
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Winifred Akpani The Depots, and Petroleum Products Marketers Association of Nigeria (DAPPMAN), says accessing foreign exchange at official rate was a serious challenge to marketers. Mrs Winifred Akpani, DAPPMAN’s Chairman, said this…
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