News

Brazil’s state-controlled oil company Petroleo Brasileiro SA cut its five-year investment plan by 27% from a year ago to $55 billion to preserve cash, as the coronavirus pandemic drove down global oil demand and prices. In a filing on…
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Following the resolutions reached an the earlier meeting of the Major Oil Marketers of Nigeria (MOMAN) and the National Association of Road Transport Owners (NARTO) renewal workshop held on 24th September, 2020 at IBETO Hotel Abuja in the…
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The Port Harcourt Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Thursday received for prosecution, four suspected oil thieves from the Nigerian Navy Ship, Pathfinder. The suspects, Ebenezer Afonka, Bernard…
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Taleveras has become the first African Independent Gas Trading company to secure a term deal with a Mont Belvieu-based LPG facility for the export of Liquefied Petroleum Gas starting 1st Quarter 2021. According to market sources and…
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Seplat Petroleum Development Company has said it is expanding more gas wells at its Oben Gas Plant in Edo State towards providing more gas for electricity generation. The indigenous oil and gas firm, in a statement, said the feat was…
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The Managing Director of Lagos Deep Offshore Logistic Base, LADOL Dr. Amy Jadesimi has urged African private sector to emrace the United Nations 17 Sustiainable Development Goals, SDGs as a template for their new economy business models. …
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Nigeria has dropped to the sixth position in global liquefied natural gas, LNG, supply following a 4 percent decline in its market share. According to the Managing Director, Nigeria LNG Limited, NLNG, Mr. Tony Attah, the 4 percent drop…
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The Nigerian Army has launched Operation Crocodile Smile VI Exercise in Bayelsa State, to curb security threats such as cultism, illegal oil bunkering, pipeline vandalism and other crimes in the state. The event took place at the Army…
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The federal government has signed a Memorandum of Understanding (MoU) with the Republic of Niger for the transportation and storage of petroleum products. The MoU was reached following bilateral agreements between President Muhammadu…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Wednesday that the Liquefied Petroleum Gas storage capacity in the country has risen to 69,698 metric tonnes following the construction of a new terminal by Techno…
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