Industry

-By Gideon Osaka There seems to be no end in sight to the menace of environmental degradation in Apapa, Kirikiri, Satellite town and Ijegun areas of Lagos, as host communities and operators continue to dispute over location of tank…
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-By Gideon Osaka Revenues of some of the key oil and gas companies in Nigeria as quoted on the Nigerian Stock Exchange fell by about 38% in the second quarter of 2020. This translates to estimated loss of N84.7 billion from their…
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-By Fred Ojiegbe Global oil demand won’t return to 2019 levels until at least 2022 and the gap may be getting wider than it seemed a month ago, world major energy forecasters said. All three of the world’s main oil forecasting…
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Justice I.M Sami of the Federal High Court sitting in Port Harcourt, Rivers State has convicted and sentenced two oil thieves to one year imprisonment each for illegal dealing in petroleum products. The convicts, Friday David and…
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The Minister of State for Petroleum Resources, Timipre Sylva, has said a significant network of additional gas pipelines remains a priority for the government as it thinks of strategies to make gas available and affordable for power…
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ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, is pleased to announce that it has raised a total of £672,500 by way of a placing and subscription for new ordinary shares in the Company with…
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In the past, Nigeria made about $30bn from oil export, and spent about $15bn importing same oil after processing from India, who has no oil. This has been a big loss to the country which led to leakages of about $100bn for years. With…
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The Federal Government has approved the establishment of Nigeria National Petroleum Corporation (NNPC), oil and gas logistic Centre in Akwa Ibom. Chief Timipre Sylva, the Minister of State for Petroleum Resources, disclosed this at a…
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Shell is on the hunt for contractors able to provide seabed data for its shallow water operations in Nigeria, according to Upstream. According to a recent tender, Shell Petroleum Development Company of Nigeria (SPDC) announced to…
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United States oil supermajor, Chevron, has declared that it has started engaging the oil workers’ union and its independent contractor company who sacked 175 staff hitherto working for it on Chevron’s platform in Nigeria. The union…
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