Industry

By Yange Ikyaa An indigenous company, NIGUS International, has entered into an agreement with a Chinese firm to fund and develop solutions to the menace of gas flaring in Nigeria. The agreement with the Chinese partner, Beijing…
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 Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe; Deputy Managing Director, Chevron Nigeria Limited, Mr. Cosmas Iwueze. and senior management of the NCDMB and Chevron Nigeria after…
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By Patience Chat Moses The Chief Executive Officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komofe, has emphasised the critical need for fostering synergy, collaboration and…
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…Felicitates Temile Devt. Company on Acquisition of LPG Carrier The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in…
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The Nigerian National Petroleum Company (NNPC)’s latest announcement of a N2.5 trillion profit for 2022 has failed to impress some stakeholders, who are raising concerns about the figure's context compared to its international peers. …
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Crude oil pipelines Clay Neff, President of Chevron International Exploration and Production, has revealed that its organization paid in taxes and remittances to the Federal Government of Nigeria a sum of $3.4 billion in three years. …
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The Nigerian Navy Forward Operating Base, Igbokoda, said it had discovered five illegal refineries in some communities in the Araromi seaside area of Ilaje Local Government Area of Ondo State. The military said the illegal…
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A gas pipeline belonging to the Nigeria Agip Oil Company has exploded in the Obagi community in Ogba/Egbemga/Ndoni Local Government Area of Rivers State. Though no life was lost in the explosion which occurred on Wednesday evening,…
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The Nigerian National Petroleum Company Limited (NNPC) Ltd has said that Nigeria has over 35 billion barrels of proven reserves of crude that are yet to be exploited. It stated that these reserves can be used to raise the required…
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Mele Kyari, GCEO, NNPC The Nigerian National Petroleum Company (NNPC) Limited weekend announced its intention to utilize the $3.3 billion loan obtained from the African Export-Import Bank to meet its operational needs and pay upfront…
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