Industry

…Posts Petroleum Products Sale of ₦288.77billion The Nigerian National Petroleum Corporation (NNPC) has announced an increase of 80.12% in trading surplus for the month of December 2020 which stands at ₦24.19billion compared to the…
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By Teddy Nwanunobi The Federal Government has begun to receive signature bonuses for its 57 marginal oilfields, as bid winners have begun to pay up, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has revealed. …
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*As Afreximbank insists NNPC ’ll not operate PH Refinery – Kyari By Teddy Nwanunobi The Port Harcourt Refinery is not the only refinery the Federal Government is looking forward to reviving, as it has revealed that it was planning to…
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By Teddy Nwanunobi The House of Representatives has called on the Federal Government, through the Department of Petroleum Resources (DPR) and the National Oil Spill Detection and Response Agency (NOSDRA), to punish the duo of Shell…
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*Insists Nigeria has “completely complied” with OPEC By Teddy Nwanunobi Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that Nigeria currently produces between…
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…Provides Justification for $1.5billion Refinery EPC Project The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has described the recently approved rehabilitation exercise of the…
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By Teddy Nwanunobi The 2,500 barrels per day (bpd) Duport Modular Refinery that is being established at Egbokor, Edo State, has reached 80 per cent completion, and would be ready for inauguration by the fourth quarter of 2021 (Q4’21),…
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By Teddy Nwanunobi The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the Federal Government intends to fund the $1.5 billion through funds from the Nigerian National Petroleum Corporation (NNPC), federal…
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The Minister of State for Petroleum Resources, Timipre Sylva, has promised to ensure that every cent of the $1.5 billion proposed for the rehabilitation of the Port Harcourt refinery is accounted for. He staked his neck and made the…
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World oil markets have rebounded from the massive demand shock triggered by Covid-19 but still face a high degree of uncertainty that is testing the industry as never before, according to a a new IEA report. The forecast for global oil…
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