Industry

By Teddy Nwanunobi The duo of the National Petroleum Investment Management Services (NAPIMS) and Department of Petroleum Resources (DPR) have concluded arrangements to hold special briefings on Wednesday, June 9 and…
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Africa’s largest oil producers do not plan to abandon oil and gas exploration and production and could consider creating a continent-wide bank to fund new projects when international banks refuse to finance new developments. Nigeria, an…
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Mike Adenuga-chaired Conoil Plc earned 63 per cent more in after-tax profit from January to March compared to the same period of 2020. But the company’s turnover fell by over N5 billion as the energy firm gained relief after paying up…
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By Teddy Nwanunobi About $40 billion investment would be required to close the huge infrastructure gap that is currently threatening Nigeria's 'Decade of Gas' initiative. The Nigerian National Petroleum Corporation (NNPC) disclosed…
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By Teddy Nwanunobi Lekoil Nigeria Limited has faulted the termination of Mr. Lekoil Akinyanmi by Lekoil Limited as Lekoil Cayman CEO, claiming that due diligence was not followed in the process. “We are of the opinion that recent…
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Oil major, ExxonMobil, has divested its 80 per cent interest in Ghana’s Deepwater Cape Three Points offshore bloc, a spokesman told Reuters on Thursday. “ExxonMobil is prioritising near-term capital spend on the most advantaged assets…
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The Department of Petroleum Resources (DPR) says it is not celebrating any 50 years anniversary and has not commissioned any media company to do a publication in that regard. The DPR made this known in a statement issued by its…
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By Teddy Nwanunobi Chairman of Petroleum Technology Association of Nigeria (PETAN), Mr. Nicolas Odinuwe, has been confirmed as the representative of the indigenous oil and gas service companies at the maiden edition of the African Local…
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African Refiners and Distributors Association, ARDA, has stated that for African countries to meet the planned Sulphur level in petroleum product content, about $15.7 billion would be needed to upgrade the existing 36 refineries on the…
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By Teddy Nwanunobi The Integrated Oil and Gas Limited, the firm that owns the Eko Petrochem Refinery project, has set a new date for the completion of the 20,000 barrels per day (bpd), saying the project would be by the middle of 2023…
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