Industry

By Teddy Nwanunobi The Nigeria LNG Limited (NLNG) has sealed agreements to supply 1.1 million metric tons (MMT) of liquefied natural gas (LNG) yearly, the Managing Director and Chief Executive Officer, Engr. Tony Attah, revealed. …
Read More...

The Group Managing Director of the Nigerian National Petroluem Corporation, Mele Kyari has said that the corporation would deepen the country’s conversions of its produced oil and gas to secondary products like chemicals, fertilizer,…
Read More...

The Federal Government plans to raise the daily oil production from 1.4 million barrels per day (bpd) to four million bpd, President Muhammadu Buhari hinted on Monday. Nigeria, which has daily capacity to produce 2.5 barrels, produces…
Read More...

The Secretary General, Organisation of Petroleum Exporting Countries( OPEC), Dr Mohammad Barkindo, has disclosed that OPEC member countries lost about $1 trillion USD to oil price plunge in 2015 and 2016. Barkindo disclosed this in his…
Read More...

By Teddy Nwanunobi Nigeria's vast hydrocarbon field is for the exploitation of the participants at the ongoing fourth edition of the Nigerian International Petroleum Summit (NIPS), President Muhammadu Buhari said on Monday, while…
Read More...

The Nigerian Content Development and Monitoring Board (NCDMB) has approved four firms for the supply of Barites required for any drilling project or contract in the Nigerian oil and gas industry. The four Barites processors are Nishan…
Read More...

* Promises to consolidate on progress achieved By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC) has declared that it owes Nigeria so much for the pivotal role it played in the 'Declaration of…
Read More...

The Senate President, Ahmad Lawan has disclosed that the Petroleum Industry Bill, PIB, which has been 20 years in making, will be passed before the end of June 2021. Lawan who made this disclosure at the opening of the 2021 Nigeria…
Read More...

…as US lauds rehabilitation project The Managing Director, Port Harcourt Refining Company, PHRC, Mr. Ahmed Dikko, is on course to end the protracted rot in the establishment and ensure it works at full capacity again. This is even as…
Read More...

Lekoil Nigeria, has reacted to the termination of Lekan Akinyanmi’s contract as Chief Executive of Lekoil Limited, the AIM listed company which is actually Lekoil Cayman. It says that the decision, announced June 3, 2021, is the…
Read More...