News

Over three months after the Nigerian National Petroleum Corporation (NNPC) started drilling activities at the spud-in of Kolmani River-II Well in Gongola Basin in Bauchi, petroleum industry stakeholders have expressed divergent views over…
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The Department of Petroleum Resources, DPR, has revoked the oil mining licences, OML, granted five companies. DPR also revoked one oil prospecting licences, OPL. The revocation of oil licences was contained in a public notice issued…
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...despite having world’s 9th largest reserves Nigeria imported 146.14m litres of gas representing 47% of total national consumption during the first three months of 2019 from the US and five other countries despite the nation having…
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Suspected sea pirates, Monday, attacked seafarers travelling on Port Harcourt-Bille waterways in Akuku-Toru Local Government Area of Rivers State, injuring scores of passengers and robbing them of money, goods worth millions of naira,…
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The Petroleum Products Marketing Company (PPMC), a subsidiary of Nigerian National Petroleum Corporation (NNPC) posted N222.929 billion from the sale of petroleum products in the country in January 2019. According to the NNPC Monthly…
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Dr. Emmanuel Kachikwu, Minister of State, Petroleum, in President Buhari’s just-ended first term has said that the future of the Nigerian oil and gas sector lies in private sector refining, as a result of which the Federal Government is…
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Vice-President Prof. Yemi Osinbajo is to commission a cooking gas manufacturing plant in Lagos on June 7. The News Agency of Nigeria (NAN) learnt that the plant is the biggest of its type in West Africa. The Chief Executive Officer…
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Nigeria’s investors would earn about N13.1trillion per annum as product sales and create additional 439,062 well-paying jobs for Nigerians across the entire value chain if 29 refinery projects with active licenses come on stream, a report…
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...Works, Power Ministry to spend N89.5m on generators Nigeria will spend N38.061 billion to pay the salaries, wages and allowances of staff of the Department of Petroleum Resources, DPR, in 2019, while N65.858 billion would be expended…
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…directs NNPC to recover outstanding obligations The Federal Government is looking to rake in N1.03tn this year from the sale of some of its stakes in joint venture oil assets and the review of Production Sharing Contracts with private…
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