Industry

The planned imposition of a N300 million levy on owners of Tank farms in Ijegun has drawn the ire of the operators, even as the operators list the seector’s contribution to the economy. There is no love lost, albeit, for now,between the…
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The Nigerian National Petroleum Corporation, NNPC, has, under its direct-sale-direct-purchase, DSDP, programme,  requested submission of tenders for the 2020/2021 fuel supplies in the country. Under the DSDP, NNPC will provide monthly…
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The Federal High Court in Lagos has upheld a landmark $1.7billion arbitral award in favour of the Nigerian Petroleum Development Co. (NPDC) Ltd against the Atlantic Energy Drilling Concepts Nig. Ltd and Atlantic Energy Brass Development…
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Notwithstanding the challenges in the global oil and gas industry, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has stated that the agency has retained the $6.4 billion of yearly spend…
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Efforts by the government to harness its 203.16 trillion cubic feet (TCF) gas reserves to spur economic activities and boost revenue may remain elusive as an emerging energy solution, especially renewable energy and energy storage, are…
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Nigerian energy firm, Oando Plc, says its failure to submit the third quarter 2020 financial results was caused by the indefinite suspension of the company’s Annual General Meeting. The company said this in a disclosure notice sent to…
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The Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday disclosed that exploration and production in the Nigeria oil and gas sector was now fully indigenized. Mr Simbi Wabote, Executive Secretary of NCDMB, made the…
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The Nigerian National Petroleum Corporation (NNPC) said it has commenced discussion with its partners for the construction of the Nigeria Liquefied Natural Gas (NLNG) Train 8. The Group Managing Director of the NNPC, Mallam Mele Kyari,…
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Nigerian National Petroleum Corp. (NNPC) has launched the tender process for fuel supplies. The company will carry out the process under its direct sale-direct purchase (DSDP) mechanism. Under this, it will provide monthly crude oil…
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The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that Nigeria remains one of the most expensive countries in the world for petroleum upstream projects. Upstream is refers to points in…
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