Industry

…Pledges to Optimize Cost, Boost Remittance to FAAC The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the…
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By Teddy Nwanunobi Anglo-Dutch, Shell, on Thursday, revealed that it has grown its profits to $3.23 billion in the first three months of the year, and has also raised its dividend as planned. It, however, warned that the outlook…
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By Teddy Nwanunobi Seplat Petroleum Development Company (SPDC) Plc’s unaudited results for the three months ended March 31, 2021 showed a rise in revenue by 16.8 per cent to $152.4 million, with increased operational efficiencies and…
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*As New Partners Set to Pay $340m By Teddy Nwanunobi Just one week after President Muhammadu Buhari overruled the Department of Petroleum Resources (DPR), and restored four drilling permits that were initially revoked from China’s…
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-By Fred Ojiegbe Contrary to expectations, global oil demand estimate for 2021 is expected to spike, pointing to further signs that the world economy is recovering faster than previously thought, particularly in the United States of…
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-By Teddy Nwanunobi On Thursday, April 8, the Nigerian Railway Corporation (NRC) began the haulage of line pipes from Warri, Delta State in Southern Nigeria to Itakpe, Kogi State in North-Central Nigeria. That was a “major boost in the…
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-By Gideon Osaka What would become of the refineries, in terms of operation, ownership and maintenance, after the completion of the ongoing rehabilitation has become a major concern, and raised issues in the public burner? Valuechain…
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By Teddy Nwanunobi The Minister of State for Petroleum Resources, Chief Timipre Sylva, has expressed his desire to have Nigeria’s huge gas reserves unlocked, saying that Nigeria must be deliberate about gas exploration and utilisation…
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By Teddy Nwanunobi The Minister of Science and Technology, Dr. Ogbonnaya Onu, has revealed that Nigeria’s bitumen reserves have grown to about 42 billion barrels. Onu, who declared that out of the reserves, 43 industrial chemicals,…
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By Teddy Nwanunobi Nigeria, Russia, Iraq, Iran, the United States, Algeria and Venezuela have remained the top seven gas flaring countries for nine years running, since the first satellite was launched in 2012, according to a satellite…
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