Industry

Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, raising its ambition from previous targets, as its oil output declines from a 2019 peak. The Anglo-Dutch company is in the midst of its largest overhaul yet…
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The International Monetary Fund (IMF) has projected that Dangote Refinery has the potential to rescue Nigeria from the current economic downturn as well as provide an elixir for the country’s economy when it is completed and start…
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Engr. Simbi Wabote, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), has revealed that the Nigerian Oil and Gas Park would be completed in the 4th quarter of 2022. The ES who made…
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Julius Berger Nigeria Plc, has been chosen to construct the new headquarters building of the Department of Petroleum Resources (DPR). Located at the strategic Central Business District of the Federal Capital Territory Abuja, the iconic…
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Attempts by hoodlums to vandalize wellheads belonging to the Nigerian Agip Oil Company, NAOC in Olodiama community, Southern Ijaw Local Government Area of Bayelsa State, has been thwarted by operatives of a private security firm, Dalon…
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Axxela Limited(Axxela), has been accorded favourable national scale issuer ratings of BBB+(NG) and A2(NG) in the long term and short term by Global Credit Ratings (GCR). The ratings are valid until September 2021 and were ascribed due…
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In October 2016, 11 PLC, which was known as Mobil Oil Nigeria Plc, now hopes to delist its more than 360.592 million ordinary shares from the daily official list of the Nigerian Stock Exchange (NSE) by the end of the first quarter, in…
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French multinational oil company, Total has said it would change its name from Total to TotalEnergies to emphasise its strategy to become a net-zero emissions company.The firm says the decision show its commitment to cleaner energy. …
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Minister of State for Petroleum Resources Chief Timipre Sylva has said the Federal Government revoked the licence for the Atala Marginal Oilfield (OML 46) because it was dormant for many years. Sylva said the Bayelsa State government…
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Nigeria sold $2.89 billion worth of oil and gas between November 2019 and November 2020, the Nigerian National Petroleum Corporation has said. The country suffered significant loss of revenue in 2020 due the fall in oil prices as a…
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