Industry

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…
Read More...

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…
Read More...

• 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…
Read More...

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…
Read More...

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…
Read More...

The Train 7 project of the Nigerian Liquified Natural Gas (NLNG) will raise gas production by 35 per cent and create, at least, 42,000 jobs. With a five-year completion timeline, the project will cost $10 billion. NLNG…
Read More...

Nigerian National Petroleum Corporation (NNPC) through its subsidiary Duke Oil has sealed a pact to supply 30,000 barrels per day crude oil supply to Indonesia’s state oil corp, Pertamina, and Indian Oil Corporation. The development,…
Read More...

The Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation and ZED Energy Limited have signed shareholders agreement on the construction of N10.5 billion Brass Petroleum Products Terminal…
Read More...

Nigerian National Petroleum Corporation (NNPC) through its subsidiary Duke Oil has sealed a pact to supply 30,000 barrels per day crude oil supply to Indonesia’s state oil corp, Pertamina, and Indian Oil Corporation. The development,…
Read More...

President Muhammadu Buhari on Tuesday performed a virtual groundbreaking ceremony of the Nigeria Liquefied Natural Gas (NLNG) Train 7 project in Bonny Island, Rivers state with a charge that the project should be delivered on time so that…
Read More...