News

Members of the Depot and Petroleum Products Marketers Association of Nigeria, Major Oil Marketers Association of Nigeria and the Independent Petroleum Marketers Association of Nigeria on Thursday declared that the government and its…
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Total is set to start up a biodiesel refinery using palm oil whose planned launch last summer sparked opposition from farmers producing vegetable oil and from environmental activists. The refinery in La Mede in southern France will…
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The Federal Government plans to deploy appropriate technologies to tackle the menace of inadequate power supply as well as a shortage in the supply of fuel and foreign exchange. The government stated this in a 100-page document –…
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The Senate, yesterday, approved the payment of N68.9 billion as part of outstanding subsidy claims to 20 oil marketers. A breakdown of the figure shows that while the Senate approved the payment of N10.8 billion as subsidy claim to…
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The Department of Petroleum Resources (DPR), international oil companies (IOCs), security agencies, community leaders and other stakeholders yesterday warned that oil theft was retarding the national economy and fuelling environmental…
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The Federal Government on Thursday, May 30, persuaded South Africa to advantage of Investment opportunities in the Nigeria’s gas sector, which it said is currently worth $50billion. Conveying the invite to South Africa in Lagos at the…
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About 240 firms have submitted their statements of qualification to the Federal Government in a bid to commercialise gas flaring in Nigeria. The firms handed in their statements of qualification following a request by authorities, as…
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Two hundred and twenty-three firms have bided for contracts for the lifting and sales of Nigeria’s natural gas liquids for both domestic and export for the next two years. The contracts would replace the existing ones which expire at…
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The once bubbling Conoil – one of Nigeria’s first oil exploration and producing firms – have hit the times, losing 30 percent of its production. The company is struggling with production as figures available to SweetcrudeReports showed…
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Mr. Mohammed Ibrahim Tanko is now the new Managing Director of Peugeot Automobile Nigeria (PAN), Kaduna. Mr. Tanko takes over from erstwhile MD, Ibrahim Dutsinma Boyi. Tanko graduated in 1984 with a B.Sc. degree in Agric Economics from…
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