Industry

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, has announced a conditional investment of US$2 million as well as an option to conditionally invest a further US$6.5 million in the…
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...Signs deal with NEXIM Bank The Nigerian Content Development and Monitoring Board, NCDMB, has set up a $30 million working capital fund to support indigenous oil and gas companies. The fund, according to NCDMB, will support the…
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The Independent Petroleum Marketers Association of Nigeria, IPMAN, Thursday, commended the Pipeline and Product Marketing Company, PPMC for coming with the online purchasing of petroleum products online, saying the development will…
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The Federated Organisation of Host Communities of Oil and Gas, Solid Minerals and Assets of Nigeria (FOHCOGSMAN) has commended the minister of state for Petroleum, Timipre Sylva for his impact in the oil and gas sector. In a press…
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The Nigerian National Petroleum Corporation (NNPC) is collaborating with the Economic and Financial Crimes Commission (EFCC), Department of State Services (DSS), Nigeria Police Force (NPF), Nigeria Customs Service (NCS), Nigeria Security…
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•Says subsidy hits N150bn monthly Nigerian National Petroleum Corporation (NNPC) yesterday lamented the escalating incidence of petrol smuggling across Nigeria’s borders, which it puts at a whopping 42 million litres per day. The…
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The Nigerian Content Development and Monitoring Board (NCDMB) and Nexim Nigerian Export-Import Bank on Wednesday in Abuja signed a memorandum of understanding on the administration of US$30 million Working Capital Fund for oil and gas…
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TotalEnergies Plc yesterday said that by 2030, it will be investing $60 billion in renewable energy projects. It noted that 10 per cent of the investments will be in Nigeria. The company’s Executive General Manager, Mrs. Bunmi…
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the high volume of daily consumption, the country cannot sustain subsidy payment.... Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said the federal government is injecting between N140…
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•Insist 10% equity to host communities must stand •Say host communities unsuitably defined, criminalized •Argue oil states ought to have rights of first refusal to acquire shares Barely a few days to the June 30 target of getting…
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