Industry

Members of the House of Representatives in an investigative hearing disagreed with the management of Addax Petroleum over the transfer of ownership of its assets to a Chinese company, SINOPEC, without the consent of the Ministry of…
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The Nigerian National Petroleum Corporation, NNPC, has launched a bidding process for the provision of operations and maintenance (O&M) services at three petroleum refineries in Nigeria. The select refineries are Port Harcourt…
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...Signs MoU to drive sustainable community development in Rivers State The Nigeria LNG Limited (NLNG) has commissioned its ultra-modern and smart Corporate Head Office ( Complex in Port Harcourt, Rivers State. The Head Office was…
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By Teddy Nwanunobi (with agency report) The Department of Petroleum Resources (DPR) has urged Africa to rise to the challenge of harnessing its oil and gas reserves for the development of the continent. “Indeed, for a better and…
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By Teddy Nwanunobi The Department of Petroleum Resources (DPR) rescued Nigeria from a financial crisis in April by remitting funds to the Federation Account Allocation Committee (FAAC), the Minister of State for Petroleum Resources,…
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By Teddy Nwanunobi Half of the Train 7 gas project (50 per cent) would be executed locally, the Nigerian Content Development and Monitoring Board (NCDMB) has said. The project, valued at almost $12 billion, includes the net cost of…
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By Teddy Nwanunobi The Pan Niger Delta Forum (PANDEF) has told the International Oil Companies (IOCs) to emulate the Nigeria Liquefied Natural Gas (NLNG) by relocating their operational headquarters to the Niger Delta. PANDEF, in a…
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By Teddy Nwanunobi The Federal Government has approved and gazetted seven content ministerial regulations, making them subsidiary legislations that can be implemented by the Nigerian Content Development and Monitoring Board (NCDMB). …
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DESPITE pressure, the Federal Government, Friday, said it would not increase the price of Premium Motor Spirit, PMS, in June 2021 in order not to disrupt ongoing engagement with labour. The Nigeria Governors’ Forum, NGF, had in their…
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The Chairman of Seplat Petroleum Development Company Plc, Dr. ABC Orjiako, yesterday assured shareholders and other stakeholders of better future performance, saying the company’s $318 million for 2020 full year remained strong and was…
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