Industry

The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May, 2020. The corporation, in a release by its…
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The United Bank for Africa, UBA, Plc has announced a $200 million facility support to boost Nigeria’s crude oil production capacity. The facility is part of a $1.5 billion Pre-Export Finance Facility provided by consortium of Nigerian…
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Construction of the $12 billion Dangote Refinery, which has the capacity to refine 650,000 barrels per day/bpd, has reached 71 percent completion stage. The Department of Petroleum Resources, DPR, stated this in its latest report-- List…
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The House of Representatives has waded into the alleged N13.07 billion contract debt owned an indigenous oil company, DE COON Services Limited by the Nigeria Agip Oil Company (NOAC). The House action followed a petition written to it by…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has explained why several licenses granted to private investors by government for the establishment of refineries could not come to…
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The Minister of State for Petroleum Resources, Timipre Sylva; the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari; and the Executive Secretary, Nigerian Content Development and Monitoring…
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…Gas critical as an enabler to change the narrative in terms of economic development, diversification, industrialisation and employment …Restructuring of fiscal policy to revamp the industry for external investors …Approvals and…
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-By Fred Ojiegbe The Minister of State for Petroleum, Mr. Timipre Sylva, recently ignited hope of the long-awaited Petroleum Industry Bill (PIB) being pass into law when he revealed that his ministry will within weeks transmit the bill…
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-By Danlami Nasir Isah The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has lamented that the Temporary Import Permit (TIP) abuse is one of the biggest challenges his Agency faces…
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…Seals 15 illegal Gas Retail Outlets in Kogi -By Danlami Nasir Isah The Department of Petroleum Resources (DPR) in Bauchi, North-East Nigeria, has cautioned retailers against the circulation of substandard Base Oil (Lubricant)…
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