Industry

•Union rejects TCN privatisation The Nigeria Labour Congress (NLC) has canvassed that the Nigeria National Petroleum Corporation (NNPC) should be transformed into a public liability company where every Nigerian can own shares. …
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By Teddy Nwanunobi The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), HE Mohammad Sanusi Barkindo, has declared that the world needs inclusive, pragmatic and holistic approaches to mitigate and adapt…
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By Teddy Nwanunobi A petroleum economist, Professor Wumi Iladare, has expressed concern for the institution of the Minister of Petroleum Resources, noting that the Ministry lacks the capacity to support functions of the Minister, as…
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An indigenous oil and gas company, ND Western Limited says its 10,000 barrels per day refinery in Uturogu, Delta State will be completed by 2023. Mr Eberechukwu Oji, Managing Director, ND Western Limited, made the disclosure while…
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The 4th edition of the Valuechain Annual Lecture and Awards is set to hold on July 12, 2021 beginning from 9.00am at Fraser Suites, Abuja. Organized by one of Africa’s emerging oil and gas magazine publications, the Valuechain, the…
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The Nigerian National Petroleum Corporation (NNPC) provided insights into the reason why some completed private refineries are yet to commence production. Mustapha Yakubu, the Nigerian National Petroleum Corporation (NNPC), Chief…
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For sustainable national economic stability and growth, there is a need to strengthen legal, institutional, financial, in-sector diversification, and indigenous capacity in Nigeria’s petroleum industry, Director, Department of Petroleum…
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The Department of Petroleum Resources (DPR) has given a three-month window for owners of petroleum products retailing outlets in Lagos Zone to renew and regularise their operating licences. Mr. Ayorinde Cardoso, Zonal Operations…
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Siemens Energy has signed an agreement with GIL Automation to develop local content in Nigeria’s oil industry. This will take the form of training, skills development and joint project execution at the Siemens Energy Rotating Equipment…
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The bitumen belt across Ondo, Ogun, Lagos, and Edo states has over 42 billion tonnes of deposits, being the second-largest in the world and almost twice Nigeria’s oil reserves. Vice President Yemi Osinbajo said this at the maiden…
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