Industry

By Gideon Osaka The year 2021 was a landmark one for the Nigerian Oil and Gas Industry following the conclusion of the marginal field bidding rounds and the passage of the Petroleum Industry Act (PIA) with the industry now poised to…
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Fuel Pump, Gas Station, Gasoline. Colorful Petrol pump filling nozzles isolated on white background , Gas station in a service in warm sunset. Head fuel vehicle refueling facility in Asia Following the recent hype in discussions about…
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The 2021 oil and gas year in Nigeria suffered a spillover of the 2020 Covid-19 burden, but with innovation, technology, discipline and resilience, a number of industry achievements eventually turned the year into a truly historic one…
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*Succumbs to FX Demand Pressure, Loses 37 Kobo ...Oil Closes Mixed as Investors Gauge Omicron Impact in Short Holiday Trade Oil prices closed mixed on Friday in a short holiday trade after a three-day rally, with investors trying…
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The number of long-term contracts for liquefied natural gas (LNG) has increased by 130 percent in 2021, following a drop in 2020 when short-term spot contracts were favoured, latest data by GlobalData has revealed. The London-based…
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The Nigerian National Petroleum Company (NNPC) has disclosed that the pipeline fire at Iyana-Odo/Baruwa axis of Lagos will not disrupt the supply of petroleum products across the country. This was disclosed on Friday by group…
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The people of Otuasega com­munity in the Ogbia Local Government Area of Bayelsa State are protesting alleged ne­glect by the Shell Development Company of Nigeria Limited (SPDC). Already, the aggrieved com­munity protesters have shut…
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Seplat Energy Plc has has terminated the contract of appointment of Austin Avuru as a non-executive director. To this end, it has notified the Nigerian Exchange Limited (NGX) that Avuru’s appointment was terminated on December…
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• NNPC, Shell, other spills worth N2.8b in months • Experts question integrity of oil infrastructure as failure persist  • IOCs must be forced to clean up as they divest, stakeholders demand As International Oil Companies (IOCs) are…
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The Minister of State for Environment, Honourable Sharon Ikeazor, has yesterday completed an inspection of the Santa Barbra Well 01 spill site operated by Aiteo Eastern E&P Co. Ltd. accompanied by The Director General of the…
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