News

Rivers State Governor, Nyesom Wike has called on oil companies to respect the memoranda of understanding signed with host communities to ensure peaceful and productive operations. He spoke Saturday at the Government House Port Harcourt…
Read More...

Against the backdrop of the recent report that Nigeria lost at least $1.35 billion to oil theft in the first half of 2019, the Minister of State for Petroleum, Chief Timipre Sylva, has declared the readiness of the Federal Government to…
Read More...

*Oil-producing states share N51bn The Department of Petroleum Resources, DPR, received N5.02 billion from the Federation Account Allocation Committee, FAAC, in August. The Committee disbursed the sum of N769.53bn to the three tiers…
Read More...

The federal government expended a total of N2.3 trillion on subsidising the consumption of petrol and electricity from 2015 to 2018, a report from global accounting and consulting firm, PricewaterhouseCoppers (PwC), has revealed. The…
Read More...

The management of Dangote Refinery has offered employment to 11 scholars that were trained by the Petroleum Technology Development Fund (PTDF). The engagement of the scholars was facilitated by PTDF under its Nigerian Content and…
Read More...

*Okays N109bn for Ibadan-Ilesha-Ife, Kano-Katsina carriage ways The Federal Executive Council (FEC) Wednesday approved N200.176 billion for the construction of link-roads connecting the Second Niger Bridge to Asaba and Onitsha. This…
Read More...

Ever since his appointment as the Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari has maintained his resolve to see to the full repair of the nation’s moribund refineries and this has been…
Read More...

The Nigerian National Petroleum Corporation (NNPC) and the Major Marketers Association of Nigeria (MOMAN) have resolved to continue to work hand-in-hand to grow the petroleum industry. Group Managing Director of the NNPC, Mallam Mele…
Read More...

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said that fossil fuel will remain relevant in the global energy mix for decades to come. He said contrary to assumptions in some quarters,…
Read More...

Kosmos Energy, a US-listed oil and gas exploration company, said on Monday the results of its appraisal drilling offshore Senegal were good enough to consider a second liquefied natural gas (LNG) export plant in the West African country. …
Read More...