Industry

“This is true not only for hydrocarbon-rich countries such as Iraq and Nigeria but also for some mineral-rich countries, such as Guinea and Sierra Leone" In another 49 years, Nigeria may run out of crude oil, unless new oil wells…
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The pump price of Automotive Gas Oil, also known as diesel, may rise further as the Major Oil Marketers Association of Nigeria says its landing cost has increased to N336.45 per litre. It had been reported on October 7 that fuel…
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Seplat Energy Plc reported profit in the sum of N13.86 billion January to September, a comeback from a loss position in the corresponding period of 2020, for which it incurred a loss of N33.7 per cent. That implies a 141.3 per cent,…
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*As LPG prices soar Amidst of rising cost of cooking gas, also known as Liquefied Petroleum Gas, the Nigerian National Petroleum Corporation (NNPC) said it has spent N51.5 billion on various gas projects under the National Domestic…
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"NNPC is committed to continuing to support the sustenance of its operations through adequate funding" *Sets 2023 deadline to exit loss The management of Port Harcourt Refining Company (PHRC), the midstream subsidiary of the…
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Addressing the second biennial International Conference on Hydrocarbon Science and Technology (ICHST) in Effurun, Delta State, Kyari observed that Nigeria’s vast gas reserves were sufficient to drive massive development, hence the…
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“Other industry players need to join the moving train, seize the opportunities and remain innovative to be able to thrive as the industry transits" The Nigerian National Petroleum Corporation (NNPC) has affirmed its readiness for…
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Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Malam Mele Kyari has said the corporation will continue to collaborate with its Joint Venture Partners and other key stakeholders in the oil and gas sector to…
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The Federal Government, through the Nigerian National Petroleum Corporation (NNPC) has pledged to produce at least 5 billion Standard Cubic Feet (SCF) of gas per day for domestic consumption by next year. The Managing Director of…
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"Rising food prices has placed the government in a difficult position concerning petrol subsidy removal" The Nigerian National Petroleum Corporation, NNPC, has revealed that it spent N123.73 billion on petrol subsidy in September…
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