Industry

Major oil firms are deserting Nigeria due to insecurity and vandalism of the pipelines which wreak havoc on the environmentMany oil companies are leaving to safer havens like Sao Tome and Principe where they have obtained…
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Mallam Mele Kyari, Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited has said the country loses $1.9 billion monthly to crude oil theft. The NNPC boss who spoke when a delegation on an…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva and the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, would at the Annual International Conference of…
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The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), have inaugurated a six-man Anti-Corruption and Transparency Unit…
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Shell Petroleum Development Company Limited has said that the activities of pipeline vandals have greatly affected production output in the oil sector of the country, thereby leading to dwindling economy of Nigeria. The organisation…
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Nigeria’s crude oil production capacity has been further impaired with a shut in of 170,000 barrels per day at the Shell operated Floating Production Storage and Offloading, Sea Eagle, due to water leakage into the facility. Recall…
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Demands establishment of Decommissioning and Abandonment Fund The Ijaw Diaspora Council on Thursday demanded for the upward review of the host community funds from 3 per cent to 10 per cent in the Petroleum Industry Act, as well as…
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Shell Companies in Nigeria (SCiN), has alleged that illegal oil bunkerers were rebuilding illegal refineries destroyed by Nigerian security forces in parts of the Niger Delta region. This is as it said about $1billion was lost…
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The Nigeria Liquefied Natural Gas (NLNG) Limited says it has lost almost $7 billion revenue so far in 2022 due to shortage of gas supply. The revenue loss can be attributed to the increasing security challenge which has hit the oil…
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Leading indigenous energy company, Seplat Energy Plc has said its greatest business opportunity ahead of it is to supply the right mix of energy to support Nigeria’s growth. In doing so, the company said it remained committed in…
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