Industry

By Teddy Nwanunobi For the oil and gas industry to remain relevant, given the climate change and Coronavirus (COVID-19) pandemic challenges, the Society of Petroleum Engineers (SPE), Nigeria Council has called for more efficient…
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The Nigerian National Petroleum Corporation (NNPC) has announced that it will declare its first dividend to Nigerians as it prepares to release its 2020 financial statements in the third quarter of this year. This is coming at a…
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Agency Report Minister of Women Affairs, Dame Pauline Tallen, has urged female members of Petroleum and Natural Gas Staff Association of Nigeria (PENGASSAN) to work hard and assume highest leadership positions in the oil and gas…
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By Teddy Nwanunobi PIC Group has entered into a five-year service agreement with Azikel Petroleum Ltd. for a new 12,000 barrels per day (bpd) Azikel Refinery to be located in Yenagoa, Bayelsa State. Valuechain reports that…
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By Teddy Nwanunobi Engr. Elohor Aiboni has become the first female Managing Director of Shell’s Nigeria deep-water business, Shell Nigeria Exploration and Production Company Limited (SNEPCo), with effect from August 1, 2021,…
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Axxela Limited, one of sub-Saharan Africa’s leading energy solutions providers, has announced the upgrade in its ratings from Bbb+ to A- with a Stable Outlook by Agusto & Co. Following its periodic review, the rating agency…
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Barely 48 hours hours after Shell launched divestment of its 30 per cent stake in Shell Petroleum Development Company of Nigeria Limited subsidiary, the Group Managing Director of the Nigerian National Petroluem Corporation, Mele…
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Construction of the 160, 000 barrels Amukpe-Escravos pipeline is gradually drawing to a close, as SweetcrudeReports leant that first liftings is expected at the fourth quarter of this year. Nigerian indigenous oil firm, Seplat had…
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The Federal Government has given assurance of its readiness to support every move that will bring about stability in the global oil market. This was reiterated at a visit by Dr Mohammad Barkindo, the Nigerian born Organisation of…
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The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63 billion revenue from the sale of white products in the month of March…
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