Industry

...Yearly revenue slump by 31.5% to $181.5bn ExxonMobil recorded its first yearly loss since 1999 after losing $22.4 billion in 2020, the oil supermajor said at an earnings call on Tuesday. The energy industry has been…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva at the weekend performed the groundbreaking ceremony of an Energy Infrastructure Park being developed by Atlantic International Refinery and Petrochemical Limited in…
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…Tasks Govts, Institutions on Technology, Innovation The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has commended President Muhammadu Buhari for giving the Corporation’s Management…
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...Importation set to drop as price crash looms  -By Eddy Ochigbo & Gideon Osaka Liquefied Petroleum Gas (LPG) also called cooking gas, is set to be flooded to the domestic market with an additional 240,000 metric tons per annum…
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-By Fred Ojiegbe Oil and gas revenue will continue to be the fulcrum for economic development of the country, President Muhammadu Buhari has stated. The President stated this at the virtual inauguration of the National Oil and Gas…
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The Nigerian Content Development and Monitoring Board (NCDMB), is intending to make Kano a hub and center for media activities, to project and promote ongoing youths empowerment programmes, initiated by the Board in the North-west…
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-By Fred Ojiegbe As security in the oil and gas industry continues to raise concerns among stakeholders, Dublin, Ireland – based Research and Markets reports that the global oil and gas security and service market size is expected to…
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-By Fred Ojiegbe The International Energy Agency, IEA, has urged oil companies and policy makers to take strong action against a rebound in methane emissions as the global economy recovers from the Covid-19 crisis. Emissions of the…
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-By Gideon Osaka Nigeria’s oil and gas sector remains the livewire of the country’s economy as it still operates a mono-economy while making efforts to diversify. In addition, Nigeria stands as the world’s 10th largest gas reserves…
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-By Gideon Osaka December 2020, the last month of the year was not pleasant for many oil producing nations, as Nigeria had minus one in its rig count, having recorded seven, as against eight recorded in November, while the Organisation…
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