Industry

Nigeria’s estimated oil output of 468.8 million barrels in the first three quarters of 2022 was just 284.70 million barrels at the end of September according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). …
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Professional and trade associations under the oil and gas value chain have declared their readiness to participate fully in the upcoming Nigeria International Energy Summit (NIES) scheduled to take place in Abuja from April 16th to…
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Independent Petroleum Marketers Association of Nigeria (IPMAN), yesterday, advised the Federal Government to swiftly take possession of trucks of seized crude oil stolen suspected to have been stolen from the South-South geo-political…
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Amidst the nation’s dwindling economy, Governor Nasir El-Rufai of Kaduna State has lamented that the inability of the Nigerian National Petroleum Company (NNPC) Limited to remit any revenue into the federation’s account since the…
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The Federal Government has been urged to put in place necessary measures that would encourage building of more refineries across the country. Speaking in Awka, a public affairs analyst, Chief Jude Emecheta said this would reduce…
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An oil and gas expert has disclosed that subsidy regime, opaque method of distribution, insecurity, oil theft and point of distribution challenges are the reasons for the lingering fuel shortage in Nigeria. Gbenga Adeoye, an oil and…
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Exxon Mobil Corp (NYSE:XOM) will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill. The sale comes after a failed bid this…
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The African Petroleum Producers Organization (APPO) has reappointed Dr. Omar Farouk Ibrahim as its Secretary General during the APPO Ministerial Council Session held in Luanda, Zambia, a move that will usher in a new era of growth…
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-By Eddy Ochigbo The Honourable Minister of State For Petroleum Resources, His Excellency Timipre Sylva has congratulated Engr. Simbi Kesiye Wabote, Executive Secretary of the Nigerian content Development and Monitoring Board…
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–By HE Haitham Al Ghais, Secretary General, OPEC Excellencies, distinguished delegates, ladies and gentlemen, It gives me great pleasure to be here with you to take part in African Energy Week 2022. I would like to commend my…
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