Industry

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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The Nigerian National Petroleum Corporation (NNPC) announced on Wednesday that it earned N2.56 trillion revenue from the sale of petrol, kerosene and diesel in about 13 months. In a statement issued in Abuja, NNPC disclosed that…
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…Govt pays N1.2trn for petrol subsidy in 11 months The Nigerian National Petroleum Company Limited, NNPC’s, remittances to the Federal Accounts Allocation Committee, FAAC, has continued a downward trend, as its funding performance…
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…As Gas Production Goes up 4% A total sum of ₦203.73billion was made on the sale of white products in the month of July 2021 by the Petroleum Products Marketing Company (PPMC), a downstream subsidiary of the Nigerian National…
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A group has decried the false report by some online media platforms that a US Court has Subpoenaed President Muhammadu Buhari alongside other prominent members of his government over Engr. Simbi Wabote, the Executive Secretary of the…
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"These oil bunkers, wait until it is dark at night and begin to cook or refine Crude oil, after it has been stolen from its source or pipelines" In Rivers State, there have been series of reports on fire outbreaks lately. In a space…
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Nigeria’s oil rig count has decreased by 38 percent to 80 in the first 11 months of 2021, from 129, recorded in the corresponding period of 2020. This is according to latest report from the Organisation of Petroleum Exporting…
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...To ensure that there was value for money in the execution of the project The Nigerian National Petroleum Company (NNPC) Limited, started the week on a good note with the Chairman, House of Representatives Committee on Petroleum,…
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