Industry

By Teddy Nwanunobi (with agency report) No less than 16 consortia have been reported to be picked by the Nigerian National Petroleum Corporation (NNPC) for its new crude-for-fuel swap contracts for one year, starting in August. The…
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The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has directed its members to shut down services in Kaduna State with effect from May 16. According to vanguard report ,the directive was in compliance with Nigeria Labour…
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The Nigeria Extractive Industries Transparency Initiative, NEITI, has said it was entering into partnerships with anti-corruption agencies of the Federal Government to enforce compliance and sanctions in the extractive sectors. Vanguard…
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The federal government yesterday secured a major victory in its case against Malabu Oil and Gas after a United Kingdom High Court-ordered JP Morgan Chase, the bank in the middle of the alleged scandal, to release more documents to the…
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By Teddy Nwanunobi Instead of the 1.516 million barrels per day (bpd) quota, Nigeria produced 1.6 million bpd, exceeded the April production quota set for it by the Organisation of Petroleum Exporting Countries (OPEC) and its allies by…
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The Nigerian Agip Oil Company (NAOC) on Wednesday confirmed an oil leak from its Idu oilfields at Egbebiri settlement within Biseni in Yenagoa Local Government Area in Bayelsa, resulting in its shutdown. The cause of the leakage,…
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By Teddy Nwanunobi The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has declared that the 2021 edition of the biennial Nigerian Oil and Gas Opportunity Fair (NOGOF) "promises…
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Pursuant to enhancing fuel production in Nigeria, the KBR Inc. has announced that it has been awarded a contract to complete the Front-End Engineering Design (FEED) for BUA Group’s new, modern refinery facility in Nigeria, Valuechain…
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The Nigerian Content Development and Monitoring Board, NCDMB, has expressed optimism that the Nigerian Liquefied Natural Gas, NLNG, Train 7, construction would kick off this May despite delays prompted by insistence of the Board that 50…
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Analysts yesterday threw their weights behind the recent recommendation by the Presidential Economic Advisory Council (PEAC) to President Muhammadu Buhari for an end to fuel subsidy. They said in separate interviews with THISDAY that…
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