Industry

-By Gideon Osaka Oil giant, Royal Dutch Shell Plc said it recorded lower capital expenditure (CAPEX) and capital investments last year compared to 2018 attributing some of the reasons to higher spend for lease renewals in Nigeria. …
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-By Fred Ojiegbe Global oil use is to be in free-fall, heading for its lowest in history, as more countries introduce unprecedented measures to fight the pandemic coronavirus outbreak, otherwise known as COVID-19. Travel bans,…
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-By Fred Ojiegbe Nigeria’s rig count for the month of January dipped by three, having recorded 14 as against 17 recorded last December, data from the Organisation of Petroleum exporting Countries, OPEC, shows. This is coming at a…
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Refining operations in Europe and elsewhere in the world are being curtailed as gasoline and jet fuel demand is falling off a cliff due to the enormous demand destruction in the spreading coronavirus pandemic. In Europe, oil majors are…
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Dangote Refinery seems to be one, if not the largest, project going on the Africa continent currently. It's a project that has gulped lots of billions of dollars, break some technological protocol, it has involved a lot of technical and…
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The House of Representatives Committee Chairman on Petroleum (Downstream), Hon. Abdullahi Mahmud Gaya has revealed that his committee has been mandated to interface with the management of the Nigerian National Petroleum Corporation, NNPC…
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Asset Acquisitions and Divestments in the Nigerian Oil and Gas Industry: Status, Challenges and Way Forward, is the theme for this year's OLEF2020, organised by the Society of Petroleum Engineers, SPE, scheduled to be hosted by the…
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The Controller of Lagos Zonal Office, Engr. Ayorinde Cardoso has extended his familiarization tour to Navgas Limited in Apapa and Atlas Cove Depot at Takwa Bay. While addressing the Management at Navgas, he stated that the Honourable…
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The Department of Petroleum Resources (DPR), in a low key ceremony, rently honoured members of its staff who attained 10 years of meritorious service to the Department. The Director/CEO Engr. Sarki Auwalu MNSE represented by Assistant…
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Oil marketers under the aegis of the Major Oil Marketers Association of Nigeria have said access to the dollar at N306 will enable them to resume importation of Premium Motor Spirit (petrol). The marketers also said there was an urgent…
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