Industry

Crude oil has been discovered in the Benue Trough in commercial quantity, with Nigerian geologists spearheading the efforts, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari has said. …
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Industry stakeholders, yesterday, expressed concerns over the state of Nigeria’s petroleum downstream and of other African countries in the face of emerging global issues. With over $30 billion yearly import of Premium Motor Spirit…
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The Department of Petroleum Resources, DPR, said it has introduced new guidelines to accommodate more Liquefied Petroleum Gas, LPG, investors and operators across the country. The move according the agency is geared towards enhancing…
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The management of Total Exploration and Production Nigeria Ltd has taken the position that despite the presence of oil and gas majors in the Nigerian turf, the country remains very risky for business. The company points at what it…
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The Organisation of Petroleum Exporting Countries (OPEC) has said that the number of active oil rigs in Nigeria declined by 30% in October, with the rig count falling to seven in October from 10 in September. The rig count is largely a…
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The Nigerian Content Development and Monitoring Board (NCDMB) in partnership with Enactus Nigeria on Thursday launched the Nigerian Content Science and Technology Innovation Challenge, STIC in Lagos. The Nigerian Content STIC is another…
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The Senate Committee on Gas has commended the Nigerian National Petroleum Corporation (NNPC) on the various gas development projects it has undertaken, especially the Ajaokuta- Kaduna- Kano (AKK) gas pipeline project. Speaking during…
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The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country. …
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The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Wednesday that the Liquefied Petroleum Gas storage capacity in the country has risen to 69,698 metric tonnes following the construction of a new terminal by Techno…
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The number of active oil rigs in Nigeria declined by 30 per cent in October, with stakeholders lamenting the reduction in exploration activities in the nation’s oil and gas industry. Data obtained by our correspondent from the…
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