Industry

By Yange Ikyaa The driver of a boat remains missing, while three other persons have been confirmed dead following an attack on oil facilities belonging to Nigerian Agip Oil Company. Among the dead are two Agip workers and an…
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The World Bank has stated that Nigeria spends $4.5 billion on fuel subsidy, indicative of 2% of GDP or 35% of oil and gas revenue. This was disclosed by the World Bank  in the November 2021 edition of its Nigeria Development…
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"The Texas-based company is one of the largest oil and gas producers in Nigeria, with 106 operated platforms" Seplat Energy, Nigeria’s largest listed oil and gas firm by market value, has announced that it is in competitive…
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...Engineers hail the huge scale of the project The National President of Nigeria Society of Chemical Engineers (NSCh) has revealed that Dangote Oil Refining Company will be the highest employer of chemical engineers in the country…
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Former President Olusegun Obasanjo has condemned attempts by those he described as “political busybodies” to use his name to raise issues against the appointment of Senator Ifeanyi Ararume as the Chairman of the Nigerian National…
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By YANGE IKYAA Oil prices experienced one of their worst trading days in recent memory on Friday in the United States, plunging across board by over 10% on fears that a new COVID-19 variant discovered in Southern Africa might dampen…
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"The oil spill had grossly affected the means of livelihood of residents of Ogboinbiri community who were predominantly fishermen" By YANGE IKYAA The Senate on Wednesday urged the Nigerian Agip Oil Company Limited to accelerate…
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President Muhammadu Buhari flanked by the Minister of State Petroleum Resources, Chief Timipre Sylva (2nd left), Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe (first left) and…
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By YANGE IKYAA Nigeria’s vast resources from the ocean, which include oil and gas, underscore the importance of the bill recently passed by the Senate seeking to provide a legal framework for the administration of Nigeria’s…
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By YANGE IKYAA The Group Managing Director and Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, has said that Nigeria will increase oil production to 1.8 million barrels per day (mbpd) by…
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