Industry

Nigeria can develop into the refining hub for West and Central Africa becoming a net exporter of refined products following federal government’s new policies on alternative energy, total deregulation, liberalization of the petroleum …
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Facts have emerged as to how the Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari secured a $300m reduction in the Ajaokuta-Kaduna-Kano Gas project It was learnt that after several failed attempts in the…
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Twelve years after the controversial Petroleum Industry Bill (PIB) is yet to see the light of the day, stakeholders including community leaders in the Niger Delta discovering the bill in circulation does not address the yearnings of host…
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Chief Operating Officer, Gas and Power of Nigerian National Petroleum Corporation (NNPC), Engr. Yusuf Usman, disclosed that the corporation is building a gas industrial base. “The more you have gas-based industries in Nigeria, the more…
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Agusto & Co, an indigenous African credit rating agency is forecasting a revenue fall of about N4.3 trillion by oil marketers in Nigeria due to the economic impact of coronavirus pandemic on fuel consumption. “The consumption of…
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The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed a report that it spilled 45,000 barrels of oil from an incident at its facility in Nun River, Angiama area of Bayelsa State in March 2020. In a statement…
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Timipre Sylva, the Nigerian Minister of State for Petroleum Resources, says that the timeline for the delivery of the Petroleum Industry Bill (PIB) is out his control. “Timeline is always a difficult question because this is something…
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In a time when there is a need for diversification in order to reduce our overdependence of oil, Mr. Abdulrasaq Isa is taking the bull by the horns by building a massive oil refinery in Imo state. According to him, the company…
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International Oil Companies (IOCs) and their local counterparts have burnt $787.7 million worth of Nigerian gas from different oilfields in the country’s Niger Delta. Through Gas flaring in Nigeria’s oil fields, the companies burnt…
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…Threatens Legal Action Against Online Publication The Nigerian National Petroleum Corporation (NNPC) has dismissed, in its entirety, the allegation that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was inflated to the tune of…
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