Industry

By Teddy Nwanunobi Thirty-two days, after the Senate, on Thursday, July 15, passed the harmonised Petroleum Industry Bill (PIB), President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law. …
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Africa Oil Corp, has announced its financial and operating results for the three months ended June 30, 2021, and to provide selected results for Prime Oil and Gas Cooperatief UA a company in which Africa Oil has a 50 per cent equity…
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The Nigerian National Petroleum Corporation (NNPC) has transferred $1.27billion to Joint Venture Cash as first line charge. This was contained in its March 2021 Financial and Operations Report, which The Nation obtained yesterday. …
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...Says it will continue to strive to meet its objective of becoming a world class oil and gas company of global repute The Nigeria National Petroleum Corporation (NNPC) says it will continue to strive to meet its objective of…
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Publisher of Valuechain Oil & Gas Magazine, Alhaji Musa Bashir Usman paid visit to the Secretary-General of OPEC, His Excellency Mohammad Sanusi Barkindo at his Abuja residence recently. Managing Editor, The Oracle…
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...Condemns attack on members The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has thrown its weight behind the allocation of three per cent of the oil companies’ operating expenses (OPEX) to the trust…
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Barely three months after the Federal Government turned down the recommendation by the Nigeria Governors’ Forum for an increase in the price of Premium Motor Spirit, popularly called petrol, the Federal Government again on Friday…
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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has said the union would not support a deregulation policy hinged on importation. He said: “That is why our position to support the rehabilitation of the…
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Shell has started a process to divest all of its operated joint venture licences held by the Shell Petroleum Development Company (SPDC) in Nigeria. This includes a 30% interest in 19 Oil Mining Leases (OMLs). Gail Anderson, Research…
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