Industry

Chairman of Oilserv Group, Engr. Emeka Okwuosa said Africa needs nothing less than $3 trillion to meet its energy requirements by 2050. He pointed out that power remains the resource which would propel Africa’s economies from…
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In a fresh effort to rescue the economy from asphyxiation, the Federal Government has taken the battle against crude oil theft a notch higher by retooling security agencies stationed in oil producing communities across the Niger Delta…
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The Nigerian Association of Petroleum Explorationists (NAPE) called for sanctions on international oil companies (IOCs) that flout the decommissioning of non-functional oil and gas assets before their planned exit. Speaking in Abuja…
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*Eyes inflow of Direct Foreign Investment *Expanded access to Affordable Energy *Job Creation Less than a month after the unveiling of NNPC Ltd by Mr. President, has today, 12th August 2022, excitedly announced the execution of…
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The attention of Nigeria LNG Limited (NLNG) has been drawn to a publication in the Vanguard Online of 10th August 2022 under the caption: "How govt officials facilitated $1.2bn crude oil, gas theft – Source." The report is false,…
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Oil giant spends $1.6bn on contracts to indigenous firms as Country Chair, Osagie Okunbor, expresses strong ties with Nigeria Shell Companies in Nigeria has paid $1.886 billion ($1.9bn approximate) on royalty and taxes to the…
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Security sources have disclosed that the real looting of Nigeria’s crude oil and its by-products is neither through illegal bunkering, refining nor pipeline vandalism, but via highly placed government officials-enabled undocumented…
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Oil giant, Shell Petroleum Development Company (SPDC), has accused the elite as the force behind crude oil theft and illegal refineries in the Niger Delta region, stressing that their financial muscle, privileges and connections make…
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The Federal Government has announced that it has recovered or prevented the theft of N25 billion worth of stolen crude oil and product. It also said that it recovered 230,882 barrels of stolen crude oil since April 1, 2022, adding that…
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The Nigerian Content Development and Monitoring Board has commended an indigenous company, Grephil Int’l Ltd for conceptualizing and building their production factory for the manufacturing of bolts, nuts and related products. …
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