Industry

*Initiatives are being embarked on by the Nigerian National Petroleum Corporation to achieve profitability and cushion the effect of crude oil volatility This is not the best of time for economies and business entities. The effects of…
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The continued delay in the reform of the Nigerian Petroleum Industry has resulted in the loss of not less than $20billion in direct investments annually, Nigeria Natural Resource Charter (NNRC) has disclosed. This was part of the…
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The Department of Petroleum Resources (DPR) has unveiled its strategic plan and policy actions for the survival and success of participants in the nation’s oil and industry post Covid-19. The Director of DPR, Engr. Sarki Auwalu, listed…
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The Nigerian National Petroleum Corporation (NNPC) often criticised for being opaque has begun taking steps to shine the light on its activities by publishing its audited accounts and opening its data for quicker audit review. The NNPC…
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The Dangote oil and gas refinery remains on track to be operational in early 2021 despite the disruption caused by the COVID-19 pandemic, group executive director Devakumar Edwin tells the Africa Report. The impact of the delay will…
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The Department of Petroleum Resources (DPR), Nigeria’s oil sector regulator, has released what it described as the strategic plan and policy for the survival and success of the industry post Covid-19. A statement by the organisation…
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Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation (NNPC), says the country is working on building a condensate refinery towards the goal of self-sufficiency in refined petroleum products. Speaking on…
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Billed to be the world’s biggest single-refinery train at 650,000 barrels per day capacity (bpd), the Dangote Petroleum Refinery could meet Nigeria’s, if not Africa’s refining need but would slug it out for market share with a new $20bn…
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-Benjamin Ike The Covid-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency – the…
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-By Gideon Osaka Agitations over perceived marginalisation of the South-South region in the distribution of national oil wealth and resources was freshly reignited recently when a group from the region issued strong condemnation over…
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