Industry

The Federal Government, through the Department of Petroleum Resources (DPR) has said it will generate N3.2 trillion revenue by the end of December this year. With improved revenue outlook, including signature bonuses, the Chief…
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Shell says its research and development strategy is aligned with Nigeria’s 10-year strategic roadmap for local content being implemented by the Nigerian Content Development and Monitoring Board (NCDMB). The energy firm made this…
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By Teddy Nwanunobi The resolution of the corporate crisis that has engulfed London-listed oil firm, Lekoil (Cayman) Limited, may take longer than anticipated as Lekoil Nigeria begins legal action to address concerns on various…
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“This year, our revenue budget was N3.2 trillion. By the end of August 2021, we have generated up to 70 per cent" By Teddy Nwanunobi The Department of Petroleum Resources (DPR) has set a revenue generation target of N3.2 trillion…
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By Teddy Nwanunobi Contrary to 1.38 million barrels per day (mbpd) that Nigeria pumped in the month of July, the oil-rich West African nation pumped 0.11mbpd lower in the month of August. The latest Monthly Oil Market Report…
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“NNPC share of loss in OKLNG was not recognised since the accumulated share of loss is higher than the initial investment” Olokola Liquefied Natural Gas (OK LNG) project and West African Gas Pipeline (WAGP), capable of making…
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By Saidu Abubakar Every dollar that is spent on research and development (R&D) translates to prosperity, growth and productivity, and of course, ultimately employment, the General Manager, Research, Statistics and Development of…
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...Analysts on average had been expecting a drop of 3.5 million barrels By Teddy Nwanunobi Oil prices climbed on Wednesday, after the industry’s data indicated huge drawdown in crude oil stocks in the United States, the world’s…
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By Teddy Nwanunobi American multinational energy corporation, Chevron, has rolled out plans toward meeting its energy transition, through the investment of more cash in new low carbon sources. The Chairman and CEO, Michael Wirth,…
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“When I look at the books of Nigerian banks today, I don’t see a lot of dollar liquidity. It’s becoming a very difficult deal for people to pull off" By Teddy Nwanunobi Shell’s asset divestment in Nigeria has suffered a setback…
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