Industry

The Corporate Affairs Commission has completed the incorporation of Nigerian National Petroleum Company Limited in accordance with provisions of the provisions of Petroleum Industry Act (PIA), 2021 signed into law by President…
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By Teddy Nwanunobi OPAC refineries, an indigenous refining company, has announced the completion of production of the first set of refined products in its refinery in Kwale, Delta State after four years of continuous development of…
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Deport owners are prioritising storage of white products including petrol, diesel, aviation fuel, kerosene over Liquefied Petroleum Gas (LPG) contributing to the soaring cost of the product in the market. This decision enquiries…
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"Shell could no longer afford to be exposed to the risk of theft and sabotage" Royal Dutch Shell is set to sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest United States oilfield for…
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By Teddy Nwanunobi TotalEnergies SE, a French energy giant, on Monday, said that it expects global oil demand to peak before the end of this decade, sooner than it previously forecast, as more nations crack down on fossil fuels to…
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"...The difference in the bid between a company that had established itself in Nigeria and another company that came from Europe was $2 billion" By Teddy Nwanunobi The Executive Secretary of the Nigerian Content Development and…
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...Diesel, kerosene, fuel oil and Naphtha “We have officially commenced the test run of our refinery with the first refined products coming out successfully" The OPAC Refineries, an indigenous company, has announced the…
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"...The implementation of the operational codes coupled with the availability of registered retail outlets, the state has not experienced fuel scarcity for a long time" The Department of Petroleum Resources (DPR) in Bauchi state has…
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*The inter-ministerial comlmittee shall be guided by the SOP, developed for the project The federal government has inaugurated an inter-ministerial committee to tackle the illegal refining of crude oil in the Niger Delta. Members…
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By Teddy Nwanunobi The Supreme Council Member and Ruler of Fujairah, His Highness Sheikh Hamad bin Mohammed Al Sharqi, on Wednesday, received the duo of the Minister of State for Petroleum, Chief Timipre Sylva, and the Secretary…
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