Industry

Nigeria’s emerging indigenous oil and gas major, Bonny Light Energy and Offshore Limited, has committed to the supply of 60 million litres of Aviation Turbine Kerosene (ATK) in the next six months, as part of efforts to solve supply…
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In the midst of scarcity of gas and attendant rising price, the Nigerian OilSpillDetection and ResponseAgency (NOSDRA) said, the country lost N184 billion to gas flaring in the first half of this year. This is in spite of the fact…
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Major oil firms are deserting Nigeria due to insecurity and vandalism of the pipelines which wreak havoc on the environmentMany oil companies are leaving to safer havens like Sao Tome and Principe where they have obtained…
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Mallam Mele Kyari, Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited has said the country loses $1.9 billion monthly to crude oil theft. The NNPC boss who spoke when a delegation on an…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva and the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, would at the Annual International Conference of…
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The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), have inaugurated a six-man Anti-Corruption and Transparency Unit…
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Shell Petroleum Development Company Limited has said that the activities of pipeline vandals have greatly affected production output in the oil sector of the country, thereby leading to dwindling economy of Nigeria. The organisation…
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Nigeria’s crude oil production capacity has been further impaired with a shut in of 170,000 barrels per day at the Shell operated Floating Production Storage and Offloading, Sea Eagle, due to water leakage into the facility. Recall…
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Demands establishment of Decommissioning and Abandonment Fund The Ijaw Diaspora Council on Thursday demanded for the upward review of the host community funds from 3 per cent to 10 per cent in the Petroleum Industry Act, as well as…
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Shell Companies in Nigeria (SCiN), has alleged that illegal oil bunkerers were rebuilding illegal refineries destroyed by Nigerian security forces in parts of the Niger Delta region. This is as it said about $1billion was lost…
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