Industry

The Department of Petroleum Resources (DPR) has said that the 5,000 barrels per day (bpd) Waltersmith Modular Refinery project is fully ready for operations. The Director of DPR, Sarki Auwalu, during a pre-commissioning visit to the…
Read More...

The Nigerian Content Development and Monitoring Board as well as stakeholders in the oil and gas industry, have opposed the proposed increment in the percentage of the Nigerian Content Development Fund from one per cent to two per cent, as…
Read More...

The Managing Director and Chief Executive Officer of Nigerian Railway Corporation (NRC), Engr. Fidet Okhiria, weekend disclosed that the Nigerian National Petroleum Corporation (NNPC) is currently discussing with management of NRC in…
Read More...

The Chairman, Major Marketers Association of Nigeria, MOMAN, and Managing Director of 11Plc, Tunji Oyebanji has said that Nigerians spent 10 trillion Naira in petroleum subsidy in ten years. He said this at the maiden webinar series…
Read More...

…as it moves to second reading Troubled from the beginning, beset by political interest and primordial sentiments, finally, the Petroleum Industry Bill, PIB, is breathing the fresh air of hope, a kind of silver lining at the end of a…
Read More...

The auditors of NNPC have raised doubts over the inability of the Corporation to continue as a going concern following rising and humongous losses. According to the recently published 2019 Audited Financial Statements, the Nigerian…
Read More...

-By Our Reporter The Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Mele Kyari has lauded Waltersmith Petroman Oil Limited for completing its 5,000 barrels per day (bpd) Modular Refinery projected located in…
Read More...

The Nigerian National Petroleum Corporation (NNPC) has said it has received bids from 339 companies for the 2020/21 sales and purchase of the Nigerian crude oil grades. The Group Managing Director, NNPC, Mele Kyari, disclosed this at…
Read More...

The Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Mele Kyari has lauded Waltersmith Petroman Oil Limited for completing its 5,000 barrels per day (bpd) Modular Refinery projected located in Ibigwe, Imo State. …
Read More...

Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018…
Read More...