Industry

"Growth decreased by 10.44 per cent points, when compared to first quarter, which was 2.21 per cent" By Fred Ojiegbe Nigeria’s average daily production stood at 1.61 million barrels per day, (mbpd) in the second quarter of 2021,…
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“By the end of this week, if nothing is done about our demands, we will go on strike (properly) By Teddy Nwanunobi The Petroleum Tanker Drivers (PTD) branch of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has…
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By Teddy Nwanunobi The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that 77 international and local oil and gas companies are owing the Federal Government $6.48 billion (over N2.6 trillion). The…
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By Teddy Nwanunobi Nigeria and 11 other nations that are involved in huge gas flaring could lose up to $82 billion a year, due to global gas flaring, GlobalData report has said. The report identified biggest gas flarers,…
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“The Senate notes with concern that multinational and Nigerian oil and gas companies have over the years been operating from their respective operational bases until militancy and insecurity in the host communities in the Niger Delta…
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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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