Industry

South Sudan’s Ministry of Petroleum (MoP) officially launched the country’s first-ever oil and gas licensing round in Juba on Wednesday; Hosted by the MoP and attended by industry executives and international stakeholders, the event…
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A week before the latest deadline to pass Nigeria’s long-awaited oil overhaul bill, demands for big changes, including from community leaders seeking an increased share of revenues, could push its passage into late this year, four sources…
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The Nigerian National Petroleum Corporation (NNPC) says smuggling across the borders has increased the daily consumption of Premium Motor Spirit (PMS) to 103 million litres per day in May. Vanguard reports that the Group Managing…
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Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday. "There is quite a chance to reach $100 but we could…
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Lekoil Nigeria has disclosed that a number of its directors and senior executives have resigned with immediate effect from the Board of Lekoil Cayman. Lekoil Cayman, a Cayman Islands-registered AIM-listed holding company holds a 40…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN), has backed the new centralisation policy of online products by (NNPC) and the Pipeline and Products Marketing Company (PPMC). IPMAN in a statement by its Public…
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The Department of Petroleum Resources (DPR) has clarified its decision to request for daily stock records from members of the Independent Petroleum Marketers Association of Nigeria (IPMAN). IPMAN, Suleja/Abuja Unit, had threatened to…
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By Teddy Nwanunobi Ahead of Nigeria’s 50th anniversary as a member of the Organisation of the Petroleum Exporting Countries (OPEC), the world oil body has described Nigeria’s membership as “a day of historic importance for both Nigeria…
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The world's largest offshore wind developer Orsted is concerned that Big Oil's eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive. European oil firms including Total, BP,…
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Federal High Court in Abuja has ordered Mobil Producing Nigeria Unlimited and its joint venture partner, Nigerian National Petroleum Corporation (NNPC) to, within 14 days, pay N81.9 billion to a number of communities in Ibeno Local…
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