Industry

…Impressed with Nigeria’s increasing local manufacturing capacity Honourable Minister of State For Petroleum Resources, Timipre Sylva, on Thursday, inspected the site of the ongoing Nigerian Oil and Gas Park Scheme, NOGAPS, at Emeyal,…
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By Teddy Nwanunobi Nigeria’s gas operators have set their eyes on the nation’s $32 billion pension fund, urging the National Pension Commission (PENCOM) to make the money available for the execution of critical infrastructure…
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By Teddy Nwanunobi The Federal Government targets to sign the contracts for the rehabilitation of the Warri and Kaduna refineries in June. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele…
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By Teddy Nwanunobi Seplat Petroleum Development Company (SPDC), a leading upstream oil company in Nigeria, has blamed the loss of N41.1 billion ($114.4 million) it suffered from its interest in OML 55 on “significant fall in oil…
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By Teddy Nwanunobi Low investment will affect Nigeria’s crude oil capacity, according to an International Energy Agency (IEA), which forecasts that it would drop by 200,000 barrels per day (bpd) to 1.6 million bpd (mbpd) in 2026 due to…
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The Nigerian Ports Authority (NPA) and the Nigerian Liquefied Natural Gas Limited (NLNG) have commenced moves to reduce carbon dioxide emission, and embrace the use of cleaner and safer sources of energy. Speaking at the just concluded…
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By Teddy Nwanunobi The duo of the Nigerian National Petroleum Corporation (NNPC) and Maire Tecnimont have signed a $1.5 billion contract to repair the Port Harcourt Refinery. The contract is expected to run in three phases of 18…
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The Nigerian government has revoked the four Production Sharing Contracts (PSCs) operated by Addax Petroleum in the country. The PSCs are in respect of Oil Mining Leases (OMLs) 123, 124, 126 and 137, all operated by Addax Petroleum…
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Images from the historic Sign-off Ceremony of Engineering, Procurement & Construction (EPC) Contract for the Rehabilitation of Port Harcourt Refining Company (PHRC) between NNPC and Tecnimont SpA at the NNPC Towers, today: …
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Managing Director of Rain Oil Limited, Dr.Gabriel Ogbechie has said Nigeria would be able to generate over N10 billion ($27 million) annually if 50 per cent of kerosene users can switch to using Liquefied Petroleum Gas (LPG) or cooking…
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