Industry

The House of Representatives joint Committee on Gas Resources, Environment and Climate Change’s public hearing was aimed at garnering recommendations that will help in reducing the devastating consequences of gas flaring. Minister of State…
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Key players in the Nigerian petroleum industry will not proceed with potential $9.0 billion investments if the current propositions in the new version of the controversial Petroleum Industry Bill (PIB) are not altered to address their…
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Nigeria’s National Content Development Monitoring Board (NCDMB) will invest in the next phase of the Waltersmith Refinery in Ibigwe, Imo State, on the eastern flank of the Niger Delta basin. The board is a 30% participant in the first…
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…Congratulates Dr. Orji on Appointment The Nigeria National Petroleum Corporation (NNPC) has welcomed with delight the news of the appointment of Dr. Orji Ogbonnaya Orji as the Executive Secretary of Nigeria Extractive Industries…
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A Federal High Court sitting in Lagos has granted an interim Mareva injunction directing 20 commercial  banks in the country to block Shell Petroleum Development Company of Nigeria Ltd, SPDC,  accounts in a bid to recover the cash value of…
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State-owned Nigerian National Petroleum Corp. has concluded talks with lenders to raise $1 billion for the rehabilitation of the Port Harcourt refinery, industry sources disclosed Feb. 17. The NNPC is now on track to undertake the…
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Legal fireworks between Shell Petroleum Development Company of Nigeria Ltd and Aiteo Eastern E & P Company Ltd over allegation of 16 million barrels of crude oil diversion begin A Nigerian Court has granted an interim mareva…
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Petrogress, Inc. (OTC PINK: PGAS) (“Petrogress” or the “Company”), a fully integrated oil commodity business that primarily serves West Africa and Mediterranean, has announced that its wholly owned subsidiary, Petronav Carriers LLC.…
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The Nigerian independent, Niger Delta E&P, is anticipating the first flow of gasoline from its 11,000 Barrels of Oil Per Day (BOPD) refinery on the Ogbele field, in Rivers State, in the east of the country. The three-train modular…
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*NCDMB tasks IOCs on new projects in The Managing Director of Total E&P, Mr. Mike Sangster, has disclosed that the company’s $500 million Ikike project will see first oil before the end of this year. Sangster revealed this during…
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