News

Rivers State Governor, Nyesom Ezenwo Wike has blamed multinational oil companies operating in the state for encouraging insecurity by patronizing cultists for surveillance jobs. The governor particularly blamed the Shell Petroleum…
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The pump price of aviation fuel (better knows as Jet A1) yesterday sold for over N270 per litre in some airports across the country from a previous average price of N230-250 per litre, forcing most local airlines to consider an upward…
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A pipeline installation to transport dry gas through the North and South corridors to the West corridor has been approved by the Federal Executive Council at the cost of N2.5bn. The 30-kilometre project, which is operated by Shell and…
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Fears are rife that Nigeria may not accomplish the much touted stoppage of gas flaring by 2020, which is just seven months away. Sweetcrude gathered that the government has not shown any clear-cut strategy, as there is loose legislative…
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Sunday’s violent pirate attack in which shots were fired and Boskalis’ heavy transportation vessel was hijacked was most likely an act committed by Nigerian pirates. Luckily there were no casualties as the crew locked itself in the citadel…
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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says the corporation will strive to use new technology to reduce the cost of crude oil production for economic development. Baru disclosed…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has charged the executive of the Nigeria Union of Journalists (NUJ) to curb purveyours of fake news, saying such news items had impacted…
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Waltersmith Petroman Oil Limited, operator of Ibigwe field located in Oil Mining Lease (OML) 16, has indicated it is already working on the development of an additional 25,000 barrel a day (bd) modular refinery few months after it…
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The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Maikanti Baru, has commended Total Group for delivering Egina Floating Production Storage and Offloading (FPSO) vessel below the budget of $14.9 billion, as…
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The Federal Government is seeking compensatory damages in the sum of $1, 092, 040, 000 from oil giants, Shell and Eni, over the controversial Malabu oil deal. It is also seeking compensatory damages in the sum of $3.5 billion for the…
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