Industry

Escalating tensions sweeping through Nigeria haven’t yet disrupted crude flows from Africa’s biggest oil producer in any meaningful way. A wave of protests against police brutality have taken place in the past few weeks, triggering a…
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Exxon Mobil Corp, has confirmed plans to lay off an unspecified number of employees as low oil prices force the company to delay major projects, its chief executive officer, Darren Woods said in an email to staff. Woods also mounted an…
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The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB). The News Agency of…
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The Department of Petroleum Resources (DPR) has said that the 5,000 barrels per day (bpd) Waltersmith Modular Refinery project is fully ready for operations. The Director of DPR, Sarki Auwalu, during a pre-commissioning visit to the…
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The Nigerian Content Development and Monitoring Board as well as stakeholders in the oil and gas industry, have opposed the proposed increment in the percentage of the Nigerian Content Development Fund from one per cent to two per cent, as…
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The Managing Director and Chief Executive Officer of Nigerian Railway Corporation (NRC), Engr. Fidet Okhiria, weekend disclosed that the Nigerian National Petroleum Corporation (NNPC) is currently discussing with management of NRC in…
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The Chairman, Major Marketers Association of Nigeria, MOMAN, and Managing Director of 11Plc, Tunji Oyebanji has said that Nigerians spent 10 trillion Naira in petroleum subsidy in ten years. He said this at the maiden webinar series…
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…as it moves to second reading Troubled from the beginning, beset by political interest and primordial sentiments, finally, the Petroleum Industry Bill, PIB, is breathing the fresh air of hope, a kind of silver lining at the end of a…
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The auditors of NNPC have raised doubts over the inability of the Corporation to continue as a going concern following rising and humongous losses. According to the recently published 2019 Audited Financial Statements, the Nigerian…
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-By Our Reporter The Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Mele Kyari has lauded Waltersmith Petroman Oil Limited for completing its 5,000 barrels per day (bpd) Modular Refinery projected located in…
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