Industry

Major oil and gas investments, including the Oil Prospecting License (OPL) 324 and the 10,000 barrels per day Otakikpo marginal field are under major threat as massive resignations of top management board members rock Lekoil Nigeria, in…
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The Independent Petroleum Marketers Association of Nigeria, IPMAN, Delta State has condemned the planned strike called by a section of National Union of Petroleum and Natural Gas Workers, NUPENG in the state. A statement by the Sector…
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Managing director of Clenik Petrotech Solutions Clara Ikuku has explained that the deployment of green technology in Nigeria’s oil and gas industry would ensure that no gas is lost through flaring across oil fields in the country. …
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The Department for Petroleum Resources, DPR, yesterday, clarified that its request for daily stock record from petrol retail outlets and depots across the country is a statutory requirement and is at no cost to the oil marketers. …
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Chevron Nigeria Limited (CNL) has sought for more cooperation from stakeholders in Niger Delta to reduce oil theft and vandalism. Mr. Esimaje Brikinn, General Manager, Policy, Government and Public Affairs (PGPA) of CNL made this call…
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Nigeria has lost N851.84 billion ($2.78 billion) to oil theft and pipeline sabotage in 2019. This was disclosed by the Nigerian Extractive Industry Transparency Initiative (NEITI) latest oil and gas industry audit report. The agency…
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For the first time in 2021, the price of Nigeria’s Bonny Light, Wednesday, rose to $74.68 from $72.60 per barrel on rising demand and efforts of the Organisation of Petroleum Exporting Countries, OPEC, to achieve market stability. This…
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• We have no contract with dismissed workers, says firm  The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have threatened to shut down the…
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President Muhammadu Buhari, has charged the International Oil Companies (IOCs) to execute more gas projects in the nation to harness the over 600 trillion cubic feet of proven gas reserves in the country. The guardian reports that the…
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Oil major, Shell Petroleum Development Company of Nigeria (SPDC), has said it has so far reported 51 leaks from its oil production activities in the Niger Delta in 2021. The company made the disclosure, according to data obtained from…
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