Industry

By Teddy Nwanunobi The latest report from the Nigerian National Petroleum Corporation (NNPC) reveals that Nigeria’s four refineries lost a combined total sum of N177.21 billion for being idle from July 2019 to January 2021. …
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The Nigerian National Petroleum Corporation, NNPC has blamed loss of N177 billion from the refineries on efforts at “revamping”. The loss, according to the Nigerian National Petroleum Corporation, NNPC’s monthly report, was incurred…
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By Teddy Nwanunobi Barely 48 hours after the Department of Petroleum Resources (DPR) commenced the process of formal handover of the revoked assets of Addax Petroleum Exploration Nigeria Limited to its new operators, Kaztech/Slavic…
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The Department of Petroleum Resources (DPR) has inaugurated a team of experts to evaluate the revoked four oil mining licenses from Addax Petroleum Exploration Nigeria Limited to a new operator – Kaztech/Slavic Consortium. Director of…
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By Teddy Nwanunobi Partners in the Oil Mining Lease (OML) 143, Nigerian National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO), on Thursday in Abuja, signed a Gas Development…
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By Teddy Nwanunobi The Nigerian Content Development and Monitoring Board (NCDMB) has flagged off a partnership arrangement with Anoh Gas Processing Company Limited for the completion of the Centre for Skills Development and Training…
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Fresh insights as to why the oil majors are gradually scaling down their operations and planning their exit from the country has been unraveled. Investigation by The Nation revealed that among the oil majors, including Royal…
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The Nigeria Security and Civil Defence Corps, NSCDC at the weekend, paraded eight fake naval officers, arrested for illegally escorting a vessel laden with stolen petroleum products. The NSCDC Commandant in Rivers State, Muktar Lawal,…
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The federal government of Nigeria has expressed commitment to end both electricity and fuel subsidies by mid-2021. This was revealed by the International Monetary Fund, IMF in a report after the conclusion of its Article IV consultation…
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Chairman of BUA Group, Abdul Samad Rabiu has said the group is proposing the 200,000 barrels per day (bpd) refinery in Akwa Ibom to help Nigeria cut the huge cost of lifting crude oil, refining and importing the products. He said this…
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