Industry

By Teddy Nwanunobi (with agency report) The NLNG Ship Management Limited (NSML) has said that it will establish dry-docking facility to end a capital flight NSML manages the vessels that belong to the Nigerian Liquefied Natural Gas…
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By Teddy Nwanunobi The Nigerian National Petroleum Corporation (NNPC), in its latest financial and operations report, disclosed that three refineries under its management could not refine a single drop of crude oil. According to the…
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Nigeria’s oil and gas industry growth declined by 19.8 per cent in the fourth quarter of 2020 compared with the same period in 2019, according to data from the Organization of Petroleum Exporting Countries (OPEC). OPEC, in a…
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The Presidential Economic Advisory Council has faulted a provision in the Petroleum Industry Bill currently before the National Assembly that recommended that the Federal Government should hold 100 per cent shares in Nigerian National…
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The Ooni of Ife, Enitan Ogunwusi, Ojaja 11 has paid an officially courtesy visit to the Dangote Refinery and Petrochemicals in Lagos. The Monarch noted that he was accorded the comprehensive assessment of the project’s magnitude. …
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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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