News

FG frets as licenses threaten fuel exports projection The projection by the Federal Government that Nigeria would begin fuel export by the end of 2019 is being threatened by imminent failure of 33 modular refinery licensees across the…
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Protesters in Nigeria’s Nembe region barricaded the logistics base of oil company Aiteo on Sunday and briefly disrupted its operations, the company said. Aiteo had just reopened its Nembe Creek Trunkline, which exports Bonny Light crude…
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Forte Oil Plc has entered into share sale and purchase agreements to sell its power and upstream businesses in continuation of complicated divestment programme involving its major shareholder and Chairman, Mr. Femi Otedola. In a…
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-By Yange Ikyaa The Nigerian government has now devised and put in place a market-based instrument in the form of a gas flare commercialization programme, with the aim of eliminating gas flaring by oil-producing companies in the…
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-By Yange Ikyaa Aretired diplomat of the United Nations, Prof. Chidi Ibe, has said that Nigeria should end the Joint Venture (JV) it goes into with International Oil Companies (IOCs), as the business arrangement, is too expensive for…
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-By Yange Ikyaa At the just concluded Nigeria Oil and Gas Opportunity Fair (NOGOF), Dr. Ibe Kachikwu, Nigeria’s Minister of State for Petroleum Resources, told the gathering of oil and gas industry that approval for projects in the…
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-By Gideon Osaka The Senate during plenary on Wednesday, April 17 passed the Petroleum Industry Governance Bill (PIGB), which it had reworked. The Senate passed the bills after its technical committee worked on President Buhari’s…
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-By Yange Ikyaa Untold story of the world’s largest refinery in the making, its business and employment opportunities for people and companies in Nigeria The Dangote Oil Refinery Company is constructing an integrated refinery and…
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-By Fred Ojiegbe The Minister of Energy, Industry and Mineral Resources of the Kingdom of Saudi Arabia, H.E. Khalid bin Abdulaziz Al-Falih has expressed the strong readiness of his country to sign a Memorandum of Understanding (MoU)…
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-By Gideon Osaka The recent divestment of Oando Plc from its affiliate company, Axxela Limited, to Helios Investment Partners may have been effected to enable it concentrate on its upstream dollar-based business, Valuechain has learnt. …
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