Industry

French firm to put its stake in Nigeria joint venture on saleShell, Exxon are already in process of leaving onshore fields TotalEnergies will put up for sale its minority stake in a Nigerian oil joint venture, joining the exodus of…
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....Q1 interim dividend of US2.5 cents per share Seplat Energy Pls, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange has announced its unaudited results for the…
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...Says modular refinery will not end theft Report by Professor of Economic History at the University of Port Harcourt, Ben Naanen, has said measures adopted by Federal Government and oil companies in the fight against oil theft in…
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Sustained high commodity prices and increasing oil and gas supply are set to push upstream sector payments to governments to an all-time high of $2.5Trillion this year, smashing the previous record of $2.1Trillion set in 2011, Rystad…
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Data business in the oil and gas sector could hit as much as $145.9 billion by 2032, rising at a compound yearly growth rate of 16.5 per cent for the next decade. This is coming despite the divestment and push from fossil fuel. The…
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The Nigerian Content Development and Monitoring Board would collaborate with the Standards Organization of Nigeria, over a uniform standard for certification of locally manufactured equipment, materials, products and goods used in the…
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Nigeria’s Federal Ministry of Petroleum Resources has unveiled plans for the 6th edition of the Nigeria International Energy Summit (NIES 2023). The official Oil and Gas meeting of the Federal Republic will take place in Abuja from…
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The Managing Director of Duport Midstream Company Limited, Dr. Akintoye Akindele, has said the Duport Energy Park will boost the production of naphtha, diesel, kerosene, CNG, LPG and LNG in the state, in furtherance of the state…
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The House of Representatives Ad hoc Committee investigating the state of refineries in Nigeria has issued a 7-day ultimatum to the Minister of State for Petroleum, Timipre Sylva to appear before the committee or risk the wrath of the…
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Chairman, Transnational Corporation Plc (Transcorp Plc) and Heirs Holdings, Mr Tony Elumelu, has said oil theft in the Niger Delta is declining following the government's recent actions. He stated this at the 2022 Annual General…
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