Industry

The Nigerian National Petroleum Corporation (NNPC) has said it has received bids from 339 companies for the 2020/21 sales and purchase of the Nigerian crude oil grades. The Group Managing Director, NNPC, Mele Kyari, disclosed this at…
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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 Ibigwe, Imo State. …
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Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018…
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Nigeria has opted for non-discretionary award of petroleum licences, with open bid rounds as the core framework, if the Petroleum Industry Bill (PIB) currently in its parliament is the signpost of things to come. The 252 -page draft…
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Five Governors of the South-East, Minister of State, Petroleum Resources, Mr Timipre Sylva, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) and other stakeholders in the gas sector will converge on Owerri on…
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The debts owed by oil and gas companies to Nigerian banks rose by N90bn in the second quarter of this year to nearly N5trn as many operators struggle to stay afloat in the face of depressed prices and demand, reports say. Nigerian banks…
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The federal government has commenced the conversion of official vehicles belonging to Ministries, Departments and Agencies (MDAs) from petrol to Compressed Natural Gas (CNG) in designated centres in Abuja. It said part of the move was…
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World oil demand will plateau in the late 2030s and by then begin to decline, the Organization of the Petroleum Exporting Countries (OPEC) said in its 2020 World Oil Outlook. OPEC said on Thursday that the plateau and subsequent decline…
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The Senate yesterday denied ever dumping the Petroleum Industry Bill (PIB), saying it is committed to expeditious passage of the Bill and the N13.08 trillion 2021 budget estimates. Senate spokesman and chairman of its Committee on Media…
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Angered by the questionable manner members were included in the Integrated Payroll and Personnel Management System (IPPIS) of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), some branch members have proceeded…
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