Industry

By Teddy Nwanunobi The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the Federal Government intends to fund the $1.5 billion through funds from the Nigerian National Petroleum Corporation (NNPC), federal…
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The Minister of State for Petroleum Resources, Timipre Sylva, has promised to ensure that every cent of the $1.5 billion proposed for the rehabilitation of the Port Harcourt refinery is accounted for. He staked his neck and made the…
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World oil markets have rebounded from the massive demand shock triggered by Covid-19 but still face a high degree of uncertainty that is testing the industry as never before, according to a a new IEA report. The forecast for global oil…
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By Teddy Nwanunobi The Group Managing Director (GMD) of Aiteo Eastern E&P Ltd, Victor Okoronkwo, has declared digitisation is no longer an option, but a fundamental requirement for oil and gas companies to go leaner, as well as…
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By Teddy Nwanunobi The Minister of State for Petroleum, Chief Timipre Sylva, has expressed confidence that Nigeria’s economy will change for the better when the new Petroleum Industry Bill (PIB) is passed. Sylva, who made the…
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…Sylva says FG committed to deregulation The Director of the Department of Petroleum Resources, Engr. Sarki Auwalu has disclosed that the department generated N2 trillion for the country in 2020, despite the downturn in the oil and gas…
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The House of Representatives have urged the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) to immediately commence operation of the Warri Refining and Petrochemical Company to improve on the production…
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The Federal Executive Council on Wednesday approved the plan by the Ministry of Petroleum Resources to rehabilitate the Port Harcourt Refinery with $1.5bn. The decision was taken at the weekly meeting of the council presided over by…
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In order to make its oil sector more competitive and gain significant long-term influence in the global gas market, Egypt intends to strengthen its local production capacity for refined products. According to a press release, Egyptian…
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The Oloibiri Lecture Series & Energy Forum (OLEF) makes a comeback for the 2021 edition after the last-minute suspension of the 2020 edition due to the COVID-19 pandemic with the Minister of State for Petroleum Resources, Timipre Sylva…
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