News

The Nigeria Customs Service, Nigerian National Petroleum Corporation and Department for Petroleum Resources have resolved to set up joint committee to address smuggling of petroleum products to neighbouring countries. The chief…
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Malaysia’s FPSO provider Yinson has won another short-term FPSO contract extension in Nigeria as it discusses a longer-term deal with Addax. Yinson has said that Addax has extended the contract for the FPSO Adoon for one month. The…
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Consequent upon the deliverables from Oil and Fuel summit held in London recently, the Nigerian government has been enjoined to, as a matter of urgent importance, revisit the modular refinery policy and give it the bite that it deserves. …
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria’s continuous subsidising of petrol consumption means the Nigerian National Petroleum Corporation (NNPC) will remain unprofitable in for a long time. …
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Emmanuel Ibe Kachikwu, the minister of state for petroleum, says he lost about six kilogrammes in weight when they tried to remove subsidy on petroleum products in 2016. Speaking on Hard Copy, a programme on Channels TV, the junior…
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Nigerians faced one of their most difficult questions of the future last week when the issue of subsidy removal dominated discussions. Minister of Finance, Mrs. Zainab Ahmed had said in Washington DC, U.S.A that the country was disposed to…
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There was a fire outbreak at the Nembe Creek Truck Line (NCTL) on Sunday, forcing the management firm, Aiteo Eastern Exploration and Production Company Limited, to halt operations. The NCTL, a major crude oil transportation channel…
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The Nigerian Gas Marketing Company (NGMC) has been issued a Gas Purchase Order (GPO) by the Gas Aggregation Company of Nigeria (GACN) for the development of a Liquefied Natural Gas (LNG) plant in Ajaokuta, Kogi State. The project is a…
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●Opens talk on 2nd tranche to MOMAN, others The Central Bank of Nigeria (CBN) has begun process for the payment of N112 billion second tranche of subsidy debts to major oil marketers through a promissory note, New Telegraph has learnt. …
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A non governmental organisation, Center for Peace and Environmental Justice, (CEPEJ) has sought for partnership with federal government on workable solutions that would end crude oil theft, pipeline vandalism, illicit and local burning of…
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