Industry

By Teddy Nwanunobi The Federal Government is looking to reposition Nigeria’s local petroleum refining by laying more emphasis on bringing more modular refineries into production to boost the country’s in-country refining capacity. …
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Oil major, Total has said, its Ikike oil field in the conventional offshore will come on stream by first quarter of 2022. The field development will enhance the country’s oil production between 30,000 to 40,000 barrels of crude oil…
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There is provision in the Petroleum Industry Act that gives room for individuals to acquire stakes in the new Nigerian National Petroleum Company Limited, the Group Managing Director, NNPC, Mele Kyari, said on Tuesday. Kyari stated…
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By Teddy Nwanunobi The leaders of Ogoniland in Rivers State, under the auspices of the Ogoni Liberation Initiative (OLI), on Tuesday, pledged to cooperate with the Nigerian Petroleum Development Company (NPDC) in the exploration and…
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By Teddy Nwanunobi The Nigerian National Petroleum Corporation (NNPC) has signified its resolve to return to Ogoniland and commence oil exploration, its subsidiary, the Nigerian Petroleum Development Company (NPDC) Limited, revealed…
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By Teddy Nwanunobi Russia’s leading oil company, Lukoil subsidiary, Lukoil Company Nigeria Limited (LCNL), has announced plans to expand operations in Lagos State. Valuechain reports that the LCNL is the operator of the OML…
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By Teddy Nwanunobi The Department of Petroleum Resources has faulted the claim by the Nigeria Customs Service (NCS) that it was partly responsible for the continued smuggling of Premium Motor Spirit (PMS), popularly called petrol,…
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Mallam Mele Kyari, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), says allocation of three per cent oil companies operating expense to host communities is higher than 30 per cent of profit oil and gas…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva says the modular refinery programme to boost local production of crude oil in the country is on course. Sylva disclosed this in Abuja, on Tuesday. He said that…
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Despite boasting of a 206 trillion standard cubic feet of gas reserves and topping major countries, Nigeria’s per capita consumption of gas is the lowest in the sub-Saharan African region, Ministers of State for Petroleum Resources,…
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