Industry

-By Benjamin IkePrior to the advent of the current administration in 2015, the level of secrecy associated with the operations of the Nigerian National Petroleum Corporation (NNPC) presumably encouraged high corruption, performance…
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-By Gideon Osaka The news of deregulating Nigeria’s petroleum sector and completely removing fuel subsidy has been greeted by mixed reactions especially from stakeholders in the industry.Stakeholders believe that the deregulation of…
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-By Fred Ojiegbe There is much anxiety and cautious optimism over the passage of the much-awaited petroleum industry governance bill (PIGB) as the month of June comes to an end.This is based on promises made by government officials…
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-By Fred OjiegbeGlobal upstream spending is expected to reach $383 billion this year, the lowest level in 15 years and a staggering 29 percent decrease of $156 billion compared to 2019, Rystad Energy analysis shows following…
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President Muhammadu Buhari on Tuesday affirmed the Nigerian government's commitment to ensure timely delivery of the landmark Abuja-Kaduna-Kano Gas (AKK) pipeline project within budgetary allocation and specifications.Speaking at the…
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*989 thousand tons of petroleum products transferred to partnersEmirates Transport announced the transportation of more than 989 thousand tons of petroleum products within the framework of the transportation services it provides to…
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NNPC publishes audited accounts for first time in four decadesBefore now the company has been dogged by allegations of graft and mismanagementNigeria’s powerful state oil company, whose finances and operations have been shrouded in…
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Deutsche Bank Luxembourg S.A. has completed a landmark US$3 billion Export Credit Agency (ECA)-backed hybrid corporate financing for Nigeria LNG Limited (NLNG) to develop the NLNG Train-7 Project, Global Legal Chronicle reported on…
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The Department of Petroleum Resources (DPR) has expressed concern over non-compliance to established protocols aimed at the containing COVID-19 pandemic by some oil and gas companies.The DPR, which is the regulator of the Nigerian oil…
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The Train 7 project is set to commence in earnest as the Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian LNG Limited Tuesday  held the kick-off meeting of the Engineering, Procurement and Construction (EPC)…
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