Industry

The Department of Petroleum Resources, (DPR) yesterday said the Federal Government stands to rake $500m from the ongoing signature bonuses to be awarded to 57 marginal oil fields in the country. A Director of DPR, Sarki Auwalu, who…
Read More...

•Similar situation happened in 2016 to 2019 •As DPR blames third party for crude theft in land terminals The House of Representatives on Wednesday affirmed that crude oil worth over $20 billion could not be accounted for between…
Read More...

The Department of Petroleum Resources (DPR) has clarified the process it uses for accounting for crude production in the country, noting that most incidents relating to oil theft occurs from the land terminals. A statement issued on…
Read More...

Abia, Akwa-Ibom, Bayelsa, Delta and four other oil-producing states in the country, received N6.59 trillion from the 13 per cent derivation fund from the Federation Account from 2009 to 2019, according to a report published by ACIOE…
Read More...

...Yearly revenue slump by 31.5% to $181.5bn ExxonMobil recorded its first yearly loss since 1999 after losing $22.4 billion in 2020, the oil supermajor said at an earnings call on Tuesday. The energy industry has been…
Read More...

The Minister of State for Petroleum Resources, Chief Timipre Sylva at the weekend performed the groundbreaking ceremony of an Energy Infrastructure Park being developed by Atlantic International Refinery and Petrochemical Limited in…
Read More...

…Tasks Govts, Institutions on Technology, Innovation The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has commended President Muhammadu Buhari for giving the Corporation’s Management…
Read More...

...Importation set to drop as price crash looms  -By Eddy Ochigbo & Gideon Osaka Liquefied Petroleum Gas (LPG) also called cooking gas, is set to be flooded to the domestic market with an additional 240,000 metric tons per annum…
Read More...

-By Fred Ojiegbe Oil and gas revenue will continue to be the fulcrum for economic development of the country, President Muhammadu Buhari has stated. The President stated this at the virtual inauguration of the National Oil and Gas…
Read More...

The Nigerian Content Development and Monitoring Board (NCDMB), is intending to make Kano a hub and center for media activities, to project and promote ongoing youths empowerment programmes, initiated by the Board in the North-west…
Read More...