Industry

The Nigerian National Petroleum Corporation (NNPC) has expressed cautious optimism about oil demand growth, adding that it had begun the process to diversify its portfolio beyond oil assets to hedge future crisis and align with global…
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Buoyed up by the culture of Transparency, Accountability and Performance Excellence (TAPE) of the current NNPC management, no fewer than (96) prominent and reputable companies from various jurisdictions have indicated interest in…
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•Urges leaders to unite to tackle Nigeria's challenges President of the Senate, Dr Ahmad Lawan, yesterday committed the National Assembly to an expeditious passage of the long-delayed Petroleum Industry Bill (PIB). Lawan, at a…
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Total Exploration and Production Nigeria Limited has said the deepwater royalties stipulated in the amended Deep Offshore and Inland Basin Production Sharing Contract Act (DOIBPSCA) 2019 and related provisions in the Finance Act 2020, has…
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As Nigeria prepares to turn its back on its dependence on petroleum products in order to increase its use of gas, the local company Enyo wants to take advantage of this change to position itself as the leader of the transition to gas. 20…
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To prevent the maturing of its crude fields from affecting its already deficit oil supply, Egypt has accelerated its oil and gas exploration campaigns in 2020, even in the midst of the coronavirus crisis. This has led to an increase in its…
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With the recent shortlisting of 161 indigenous companies to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country, the Nigerian oil and gas industry is expected to witness tremendous growth…
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Ghana is set to open sub-Saharan Africa’s first liquefied natural gas-to-power plant as it moves to position itself as a hub for the cleaner and cheaper fuel in the region. LNG-to-power projects have been booming from Asian to Latin…
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Total Nigeria Plc has projected a rise in its revenue to N115.97 billion for the first quarter of 2021 (Q1, 2021), indicating a 157.7 per cent increase from the figure recorded in Q3 2020. This is according to the latest earnings…
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Nigeria’s crude and condensate output in December fell 9% month on month to 1.52 million b/d, data from the Department of Petroleum Resources — the oil industry regulator — showed, hit by production problems at key export grade Qua Iboe. …
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