Industry

The Federal Government has approved the establishment of an oil and gas logistic facility in Akwa Ibom in appreciation of the peace it has maintained for the smooth operation of crude oil production. It has also approved a partnership…
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The Senate queried officials of Department of Petroleum Resources, DPR, on Friday, for remitting only N44. 5 billion into the Consolidated Revenue Fund in 2019 out of N2.4 trillion generated. This is as heads of many of the other…
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…Set to Commission 240MT LPG Plant The Nigerian Petroleum Development Company (NPDC), an Exploration and Production subsidiary of the Nigerian National Petroleum Corporation (NNPC), is looking at boosting its gas supply to the domestic…
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The Nigerian National Petroleum Corporation (NNPC) on Thursday said it would generate a total revenue of N19.545 trillion between 2021 and 2023. The Corporation stated this in an interactive session organised by the Senate Joint…
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Chief Timipre Sylva, Minister of State for Petroleum Resources, says the Petroleum Industry Bill (PIB) will be presented to the National Assembly in the next few weeks. Sylva said the Executive arm would be requesting the lawmakers to…
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The Nigerian National Petroleum Corporation (NNPC) on Thursday denied claims and invited a senate probe into alleged 48 million barrels of crude oil said to have been missing or stolen. There have been reports recently that some ships…
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Zenith Energy Ltd. (“Zenith” or the “Company”) (LSE:ZEN; OSE:ZENA-ME), the listed international oil & gas production company, is pleased to announce that it has successfully pre-qualified in the 2020 Marginal Field Bid Round (“2020 Bid…
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Minister of State for petroleum Resources, Mr. Timipre Sylva, said that Nigeria has recorded its first investment in hydro-skimming modular refinery. The pioneer investment in the Azikel Refinery located in Yenagoa, Bayelsa State is…
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The Minister of State for Petroleum Resources, Chief Timpre Sylva has said that the National Assembly (NASS) may have to suspend its 2020 annual recess in order to fast track the passage of the Petroleum Industry Bill (PIB) which he said…
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With many oil and gas companies struggling to stay afloat amid the current market situation, exploration activity in the country has suffered a decline as the number of active rigs fell by 33.33 per cent in July. Data obtained by our…
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