Industry

By Teddy Nwanunobi An oil and gas exploration and production company, Lekoil Limited, has announced the termination of the contract of appointment of its Founder/Chief Executive Officer (CEO), Olalekan Akinyanmi, with immediate…
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TotalEnergies and Novatek have signed a Memorandum of Understanding (MoU) to jointly work on sustainable reductions of the CO₂ emission resulting from the production of liquefied natural gas (LNG) including with the use of renewable power,…
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By Teddy Nwanunobi The African Petroleum Technology & Business Conference, Nigeria International Petroleum Summit (NIPS), has been postponed come up with an action plan for Africa’s oil and gas industry in the post-COVID-19 pandemic…
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• Cost of production, investment, hurdles cast shadow to 40b reserves• Stakeholders pick holes, say $500m signature bonuses an economic buffer • Bid more of ability to pay than play, says Iledare About $7 billion (N3 trillion)…
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By Teddy Nwanunobi Chinese XCMG Construction Machinery will be working together with Dangote Industries Limited on the world’s largest oil refinery project to be located at Lekki Free Zone in Lagos State, and has already deployed a team…
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...Hails Kyari's reforms at the Corporation A group under the auspices of Nigeria Reforms Support Forum (NESF) has alleged that some top management staff of the Nigerian National Petroleum Corporation (NNPC) are eyeing and  lobbying for…
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The Federal Government has said a policy on the operations of artisanal refineries in the country would soon be unveiled. The Senior Special Assistant to the President on Niger Delta Affairs, Senator Eta Enang, explained that the policy…
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The Department of Petroleum Resources (DPR) yesterday concluded the 2020 marginal oilfield bid round, the first successful bid since 2003 when 24 assets were put on offer. The process, which culminated in the presentation of letters to…
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The N250 billion gas expansion fund set aside by the Central Bank of Nigeria (CBN) to ramp up the production and consumption of Liquefied Petroleum Gas (LPG) is capable of significantly improving the overall industry output, some industry…
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By Teddy Nwanunobi Following the expiration of deadline given to all petroleum marketers by the Department of Petroleum Resources (DPR), within when to register their retail outlets into its e-Station platform, the Abia State Field…
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