Industry

The Federal Government plans to raise the daily oil production from 1.4 million barrels per day (bpd) to four million bpd, President Muhammadu Buhari hinted on Monday. Nigeria, which has daily capacity to produce 2.5 barrels, produces…
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The Secretary General, Organisation of Petroleum Exporting Countries( OPEC), Dr Mohammad Barkindo, has disclosed that OPEC member countries lost about $1 trillion USD to oil price plunge in 2015 and 2016. Barkindo disclosed this in his…
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By Teddy Nwanunobi Nigeria's vast hydrocarbon field is for the exploitation of the participants at the ongoing fourth edition of the Nigerian International Petroleum Summit (NIPS), President Muhammadu Buhari said on Monday, while…
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The Nigerian Content Development and Monitoring Board (NCDMB) has approved four firms for the supply of Barites required for any drilling project or contract in the Nigerian oil and gas industry. The four Barites processors are Nishan…
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* Promises to consolidate on progress achieved By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC) has declared that it owes Nigeria so much for the pivotal role it played in the 'Declaration of…
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The Senate President, Ahmad Lawan has disclosed that the Petroleum Industry Bill, PIB, which has been 20 years in making, will be passed before the end of June 2021. Lawan who made this disclosure at the opening of the 2021 Nigeria…
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…as US lauds rehabilitation project The Managing Director, Port Harcourt Refining Company, PHRC, Mr. Ahmed Dikko, is on course to end the protracted rot in the establishment and ensure it works at full capacity again. This is even as…
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Lekoil Nigeria, has reacted to the termination of Lekan Akinyanmi’s contract as Chief Executive of Lekoil Limited, the AIM listed company which is actually Lekoil Cayman. It says that the decision, announced June 3, 2021, is the…
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The Nigerian National Petroleum Corporation (NNPC) has bemoaned the recent spate of attacks on the country’s rail lines, especially from Warri in Delta state to Itakpe in Kogi state, which the corporation had started using for haulage of…
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Uganda has shortlisted four companies for an exploration round following its second oil exploration tender ever. The tender involved five oil blocks along Uganda’s border with Congo, where oil has already been discovered, Dow Jones…
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