Industry

Ongoing efforts to control oil spill from an oil facility operated jointly by the Nigerian National Petroleum Corporation, NNPC and indigenous oil firm Aiteo Eastern E&P have been reportedly aborted as the spill is described to be…
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"$450 billion out of this amount would be invested in new refinery projects and expansions of existing units" Despite fears in some quarters that fossil fuel will become irrelevant in some years, the Organisation of Petroleum…
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The Minister of State for Petroleum Resources, Timipre Sylva has said that the Federal Government has earmarked the sum of N250bn to assist Nigerians who are willing to invest in autogas assembly plants. He made the assertion on…
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"Harnessing Nigeria’s vast gas resources was key to developing the country" …The multinational oil company has also provided access to nearly $1.5 billion in loans to 764 Nigerian vendors under the Shell Contractor Support Fund …
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Nigeria loses about 42.25 million barrels of the nation’s crude oil worth N1.4 trillion ($3.5 billion) yearly to a few described as “elites”. Mele Kyari, Group Managing Director Nigerian National Petroleum Corporation NNPC revealed…
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The Independent Petroleum Producers Group, IPPG, has lamented rising crude oil theft from its assets which is significantly threatening its huge investments currently put at over $10 billion. Chairman of the Group, Abdulrasaq Isa,…
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By Teddy Nwanunobi The House of Representatives has commenced a probe of the Nigerian National Petroleum Corporation’s (NNPC) $163 billion Joint Venture (JV) operations with oil companies. Saddled with the investigation, the…
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By Teddy Nwanunobi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved an agreement reached between international oil companies (IOCs) operating in Nigeria, with the Nigerian National Petroleum Corporation…
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By Teddy Nwanunobi There are strong indications that the Upstream Petroleum Regulatory Commission (NUPRC), may not likely take further excuses from oil majors operating in Nigeria for not meeting the 2030 gas flare out deadline. …
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By Teddy Nwanunobi Global energy company, Shell, has announced a new business line in Nigeria to expand natural gas marketing and sales to meet the rapidly growing energy needs of wholesale customers and provide more and cleaner…
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