Industry

The group managing director of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, has disclosed that the oil company cannot maintain a pump price of N170 per litre for Premium Motor Spirit (PMS), popularly known as…
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The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mr Mele Kyari has alleged a threat to his life over his role in curtailing the theft of oil running into trillions of naira in the…
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Working in partnership with Tantita Security Services Ltd, the Nigerian National Petroleum Company Ltd, has again recorded another major breakthrough in it’s fight against crude oil thieves, with the discovery of another illegal…
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Nigeria’s daily crude oil production output rose above 1 million barrels per day to an average of 1,014,485 BPD in October 2022. This was disclosed in the October Crude Oil Production Report by the Nigerian Upstream Petroleum…
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After weeks of relief, diesel prices appear to be on the rise again, partly in response to the volatility in the energy market over concerns about supply from Europe and unstable foreign exchange rates. For many businesses,…
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The Organization of Petroleum Exporting Countries (OPEC) has revealed that the Dangote Refinery, a $19-billion integrated petrochemical refinery complex owned by Nigerian billionaire Aliko Dangote, will account for more than half of…
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Nigerian youth have been called on to be involved in the campaign for accountability and transparency in the extractive sector in order to help checkmate and reduce corruption in the Oil and Gas industry. Program Manager – Tax…
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Winifred Akpani The Depots, and Petroleum Products Marketers Association of Nigeria (DAPPMAN), says accessing foreign exchange at official rate was a serious challenge to marketers. Mrs Winifred Akpani, DAPPMAN’s Chairman, said this…
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Nigeria’s estimated oil output of 468.8 million barrels in the first three quarters of 2022 was just 284.70 million barrels at the end of September according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). …
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Professional and trade associations under the oil and gas value chain have declared their readiness to participate fully in the upcoming Nigeria International Energy Summit (NIES) scheduled to take place in Abuja from April 16th to…
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