Industry

"The number of Nigeria's total offshore oil rigs remained unchanged in September as the country continued to struggle to meet the production quota" Nigeria lost about 44.42 million barrels of crude between October 2020 and September…
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The dust generated by Federal Government’s recent decision to scrap the Department of Resources (DPR), Petroleum Equalisation Fund (PEF) and the Petroleum Products Pricing Regulatory Agency (PPPRA) appears not yet settled in…
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“Modular refineries are also adding capacities such as the 5,000 BPD Waltersmith Refinery, which will be upgraded to 50,000 BPD" The Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, has said that the…
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Minister of State for Petroleum Resources, Timipre Sylva and NNPC, CEO, Malam Mele Kyari The Nigerian National Petroleum NNPC Weekly Review: Stakeholders hail PIA as economic game-changer Company Limited (NNPC) started the week with the…
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NNPC GMD, Mele Kyari.To meet the growing demand of her 17.3 million Metric tons of petroleum products, Nigeria needs to invest about $3.09 billion in refinery projects.The Group Managing Director, Nigerian National Petroleum…
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By Sopuruchi Onwuka Global leaders with mandate on saving the planet from environmental decrepitude will have tough time in Glasgow, United Kingdom, early November in achieving convergence on acceptable strategies of curbing…
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The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has vowed to resist vested interests seeking to hijack the full implementation of the Petroleum Industry Act (PIA). President of NUPENG Comrade Williams Akporeha…
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“This is true not only for hydrocarbon-rich countries such as Iraq and Nigeria but also for some mineral-rich countries, such as Guinea and Sierra Leone" In another 49 years, Nigeria may run out of crude oil, unless new oil wells…
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The pump price of Automotive Gas Oil, also known as diesel, may rise further as the Major Oil Marketers Association of Nigeria says its landing cost has increased to N336.45 per litre. It had been reported on October 7 that fuel…
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Seplat Energy Plc reported profit in the sum of N13.86 billion January to September, a comeback from a loss position in the corresponding period of 2020, for which it incurred a loss of N33.7 per cent. That implies a 141.3 per cent,…
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