Industry

-By Fred Ojiegbe There are fears that Nigeria may not achieve its projected four million barrels per day (mbpd) in the near future. The Chief Executive Officer (CEO) of HD Drilling Services, Hope Okwa, echoed this fear, while…
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-By Fred Ojiegbe The demand for oil is seen to be already outstripping supply as the shortfall is expected to widen, even if Iran boosts exports as vaccinations against COVID-19 bolster the global economy, the Paris-based watchdog,…
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-By Teddy Nwanunobi One of the oldest bills in the National Assembly is the Petroleum Industrial Bill (PIB). Several governments, in the last 20 years, have failed in their attempts to pass the all-encompassing bill. No thanks to its…
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-By Fred Ojiegbe Nigeria has continued to experience declining oil production in the last three months as its rig count has been on downward trend, latest data from the Organisation of Petroleum Exporting Countries (OPEC) has shown.…
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By Teddy Nwanunobi Jake Riley has urged the Federal Government, federal lawmakers and the nation's oil and gas regulators to seize opportunities from the just concluded two-day Nigeria Oil and Gas Opportunity Fair (NOGOF 2021), and…
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By Teddy Nwanunobi President Muhammadu Buhari will deliver the opening speech at this year’s Nigeria International Petroleum Summit (NIPS). The Opening Ceremony and the Gala Dinner/Award Night will be held on Monday, June 7, 2021 at…
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Nigeria Labour Congress, NLC, has vowed to shut the nation’s socio-economic activities without notice should the government increase the pump price of petrol with a cent of naira as clamoured by governors.. NLC in a communique…
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The Department of Petroleum Resources (DPR) has stated that the country needs over $2 billion monthly revenue to remain sustainable as a nation. The Director, DPR, Sarki Auwalu, warned that without this monthly income, the economy would…
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By Teddy Nwanunobi The Nigerian National Petroleum Corporation (NNPC) has revealed that it made the sum of ₦39.85 billion trading surplus for the month of February 2021. This is contained in the February 2021 edition of the NNPC…
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By Teddy Nwanunobi The Nigerian National Petroleum Corporation (NNPC) is said to be in advanced talks with Dangote Industries to acquire a 20 per cent stake in the 650,000-barrel per day (bpd) Dangote Refinery. “Negotiations…
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