Industry

The N250 billion gas expansion fund set aside by the Central Bank of Nigeria (CBN) to ramp up the production and consumption of Liquefied Petroleum Gas (LPG) is capable of significantly improving the overall industry output, some industry…
Read More...

By Teddy Nwanunobi Following the expiration of deadline given to all petroleum marketers by the Department of Petroleum Resources (DPR), within when to register their retail outlets into its e-Station platform, the Abia State Field…
Read More...

By Teddy Nwanunobi The Federal Government has disclosed that only 1,700 reserves are currently producing crude oil, out of the 7,000 oil reserves that have been discovered in the country. Speaking in Abuja, the Department of…
Read More...

-By Teddy Nwanunobi Nigeria, a member of the Organisation of Petroleum Exporting Countries (OPEC), reported a huge drop in oil export. This was despite OPEC’s output rising to 25.52 million barrels per day (mbpd), according to a…
Read More...

There was an indication that the Nigerian National Petroleum Corporation, NNPC, has made good its threat to deduct the N111.966 billion it spent in subsidizing the pump price of petrol in March by withholding same amount from the…
Read More...

By Hilary Ojeh The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has underlined the importance of a vibrant chemical industry to achieving sustainable development of any…
Read More...

By Teddy Nwanunobi The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has tasked the new leadership of the Oil and Gas Trainers Association of Nigeria (OGTAN) to prioritise…
Read More...

The Nigerian National Petroleum Corporation (NNPC) has bemoaned the recent spate of attacks on the country's rail lines, especially from Warri in Delta state to Itakpe in Kogi state, which the corporation had started using for haulage of…
Read More...

Indigenous oil firms, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field licence by the Department of Petroleum Resources, DPR, on Monday. The award came a year after…
Read More...

The Federal Government on Monday disclosed that out of 7,000 oil reserves that have been discovered in the country, only 1,700 of the reserves are currently producing crude oil. The government disclosed this in Abuja through its…
Read More...