Industry

The Nigerian National Petroleum Corporation (NNPC) has begun work on the establishment of Biofuel refinery at Alape in Kogi State. The Leader of the team, Renewable Energy Department of the NNPC, Mr Danjuma Yakubu who disclosed this…
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The following announcement is being made in accordance with Rule 4 of the Nigerian Stock Exchange Amended Listing Rules and Rule 9.6.11 of the UKLA Listing Rules. Resignation of a Non- Executive Director: The Board of Directors of…
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Ideally, the key components of governance do not preclude the provision of essential services, with a view to bringing succour to the citizenry in the running of their legitimate affairs. Petroleum products are some of such essential…
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-By Gideon Osaka Nigeria ended the year 2019 with a minus three rig count in December, having recorded 17 as against 20 recorded in November, at a time the Organisation of Petroleum Exporting Countries, OPEC, had an impressive plus 12,…
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-By Gideon Osaka Global oil demand growth is expected to reach 1.26 million barrels per day (MMB/D) in 2020, up from 0.95 MMB/D growth in 2019, with growth expected in all regions except Western Europe and Japan, S&P Global Platts,…
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-By Gideon Osaka Amidst widespread complaint and backlash by Nigerians, the federal government again has said it will spend about N450 billion this year on fuel subsidy. This is despite the commitment by the Nigerian National…
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-By Fred Ojiegbe Over the past decade, the global oil industry has seen the heights of bullish optimism and seemingly limitless investments during the years of the $100 per barrel crude price beginning from 2011 to mid-2014, and the…
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-By Fred Ojiegbe Nigeria’s Minister of State for Petroleum Resources Chief Timipre Sylva early in the year declared 2020 as the year of gas for the country making it clear that gas development was as part of the government priority to…
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-By Fred Ojiegbe Unfazed by the headwinds in the oil and gas industry, the global oil community will gather once again in Abuja for the Nigeria International Petroleum Summit (NIPS). With full backing of the Federal Government of…
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Nigeria is set to increase its number six global ranking in gas production and first in Africa with the recent Final Investment Decision (FID) for the Nigerian Liquefied Natural Gas (NLNG) Train 7 project last December 27, in…
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