Industry

Chief Operating Officer, Gas and Power of Nigerian National Petroleum Corporation (NNPC), Engr. Yusuf Usman, disclosed that the corporation is building a gas industrial base. “The more you have gas-based industries in Nigeria, the more…
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Agusto & Co, an indigenous African credit rating agency is forecasting a revenue fall of about N4.3 trillion by oil marketers in Nigeria due to the economic impact of coronavirus pandemic on fuel consumption. “The consumption of…
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The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed a report that it spilled 45,000 barrels of oil from an incident at its facility in Nun River, Angiama area of Bayelsa State in March 2020. In a statement…
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Timipre Sylva, the Nigerian Minister of State for Petroleum Resources, says that the timeline for the delivery of the Petroleum Industry Bill (PIB) is out his control. “Timeline is always a difficult question because this is something…
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In a time when there is a need for diversification in order to reduce our overdependence of oil, Mr. Abdulrasaq Isa is taking the bull by the horns by building a massive oil refinery in Imo state. According to him, the company…
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International Oil Companies (IOCs) and their local counterparts have burnt $787.7 million worth of Nigerian gas from different oilfields in the country’s Niger Delta. Through Gas flaring in Nigeria’s oil fields, the companies burnt…
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…Threatens Legal Action Against Online Publication The Nigerian National Petroleum Corporation (NNPC) has dismissed, in its entirety, the allegation that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was inflated to the tune of…
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The Nigerian Content Development and Monitoring Board (NCDMB) has partnered the Industrial Training Fund (ITF) to train 255 Nigerian youths in nine vocational skills. The Board in a statement said the six months training programme,…
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On December 12, 2017, the Vice President, Yemi Osinbajo, was at Ibefun, Ogun State to commission Africa’s largest tank farm built by indigenous oil and gas company, Petrolex Oil and Gas Limited. The property is the site of a 300 million…
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Nigerian Union of Petroleum and Natural Gas workers (NUPENG) has declared that there would be no industrial action or protest over recent hike in price of Premium Motor Spirit (PMS) also known as petrol and the electricity tariff increase…
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