Industry

The president of the umbrella body that represents the gas industry, Nigeria Gas Association (NGA), Mr. Ed Ubong has said the Petroleum Industry Act (PIA) is the key that can transform the oil and gas sector, describing it as the…
Read More...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is in the process of upgrading and deploying the National Production Monitoring System (NPMS) facility towards curbing crude oil theft in Nigeria. Chief…
Read More...

The Organisation of Petroleum Exporting Countries (OPEC) has kept its key oil market projections for 2022 unchanged, but it expects to adjust the forecasts in the coming weeks when there is more clarity on the impact of the conflict in…
Read More...

The Nigerian Navy has arrested a vessel, MT QUEEN OF PEACE, laden with an unspecified quantity of crude oil on the  Bonny Fair Way Buoy.  According to a statement released on Thursday by Navy spokesman Commodore AO Ayo-Vaughan, the…
Read More...

*Libya could become the number one oil-producing country in Africa amid Nigeria’s struggles Data from the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report (the “MOMR”) shows Nigeria’s production level…
Read More...

Says leaders need to be held more accountable... Tony Elumelu, Chairman of UBA Banking Group and Heirs Holdings has stated that the reason Nigeria cannot meet its crude oil production quota and benefit from high oil prices is due to…
Read More...

In its bid to investigate over N2.6 trillion debt owed by oil companies, the House of Representatives has invited the Nigerian National Petroleum Corporation, the Niger Delta Development Commission, and many others before the House. …
Read More...

In recognition and acknowledgment of his remarkable contributions to nation-building particularly the oil and gas sector of the economy, the Group Managing Director/CEO of the Nigerian National Petroleum Company Ltd (NNPC Ltd), Malam…
Read More...

The Organisation of Petroleum Exporting Countries (OPEC) has said the war between Russia and Ukraine is frightening investors in the oil and gas industry saying that it has also rattled the commodity market. Speaking at the Nigeria…
Read More...

The Independent Petroleum Marketers Association of Nigeria, IPMAN has called on the Federal Government to focus on increasing Nigeria’s domestic refining capacity. President of the Association Chinedu Okoronkwo told journalists in…
Read More...