Industry

By Teddy Nwanunobi The Federal Government has disclosed that only 1,700 reserves are currently producing crude oil, out of the 7,000 oil reserves that have been discovered in the country. Speaking in Abuja, the Department of…
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-By Teddy Nwanunobi Nigeria, a member of the Organisation of Petroleum Exporting Countries (OPEC), reported a huge drop in oil export. This was despite OPEC’s output rising to 25.52 million barrels per day (mbpd), according to a…
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There was an indication that the Nigerian National Petroleum Corporation, NNPC, has made good its threat to deduct the N111.966 billion it spent in subsidizing the pump price of petrol in March by withholding same amount from the…
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By Hilary Ojeh The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has underlined the importance of a vibrant chemical industry to achieving sustainable development of any…
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By Teddy Nwanunobi The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has tasked the new leadership of the Oil and Gas Trainers Association of Nigeria (OGTAN) to prioritise…
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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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Indigenous oil firms, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field licence by the Department of Petroleum Resources, DPR, on Monday. The award came a year after…
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The Federal Government on Monday disclosed that out of 7,000 oil reserves that have been discovered in the country, only 1,700 of the reserves are currently producing crude oil. The government disclosed this in Abuja through its…
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Total, French multinational oil company, has changed its name to TotalEnergies, courtesy of its shareholders who unanimously approved the development at the ordinary and extraordinary meeting last week. Besides, the company said it is…
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BP (BP.L) and Eni (ENI.MI) are in talks over the future of their oil and gas assets in Algeria as the two groups increase efforts to refocus their businesses to tackle falling margins, rising debt and climate…
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