Industry

The Minister of State for Petroleum Resources, Timipre Sylva, has said that the decision to suspend the removal of petrol subsidy was to enable the government set up the right structures to mitigate the negative impact the removal will…
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By YANGE IKYAA Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, in partnership with Conversations for Change (C4C) has announced the graduation of 15 Fellows from…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said it is engaging the services of the Association of Distributors and Transporters of Petroleum Products, (ADITOP) to weaken threat by the National Association of…
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By YANGE IKYAA Exxon Mobil Corporation has recorded earnings of $8.9 billion in the fourth quarter of 2021, or an equivalent of $2.08 per share assuming dilution. This resulted in full-year earnings of $23 billion, or $5.39 per…
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By YANGE IKYAA Green Biofuels Ltd (GBF), the largest provider of hydrogenated vegetable oil (HVO) in the UK has been acquired by bp after buying a 30% stake in the company. GBF’s products are made from…
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By YANGE IKYAA The recent discovery of sizeable quantities of oil in Namibia by Shell and similar finds elsewhere in the country have spiked investor interest in the nation’s petroleum sector. Consequently, Gabriel Mbaga…
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By YANGE IKYAA The Nigerian National Petroleum Company (NNPC) Limited on Wednesday said it has posted a total of $224.29 million as receipt from crude oil and gas export for the month of August 2021. This figure is against the…
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By YANGE IKYAA The organisers of the 2022 Nigeria International Energy Summit (NIES 2022), scheduled to take place in Abuja from February 27th to March 3rd, 2022 have said that the session on the Petroleum Industry Act (PIA) during…
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Under the patronage of H.E. Macky Sall, President of the Republic of Senegal, MSGBC Oil, Gas & Power will once again take place in Dakar, Senegal, with the event serving as a catalyst for investment and multi-sector development in…
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By YANGE IKYAA The Nigerian Content Development and Monitoring Board (NCDMB) on Monday started subsea system and FPSO training for the 40 firms that form the second batch of Project 100 companies. Project 100 is an initiative of…
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