News

The Department of Petroleum Resources (DPR) has disclosed that it effected the shutdown of 85 Liquefied Petroleum Gas (LPG) plants in Lagos from January 2020 to October 2020, for engaging in illegal operations. According to a report…
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With Nigeria’s oil industry incurring about 7.4 per cent of the national budget in personnel and overhead costs, alongside others like logistics, direct handling and lifting of crude, operators may have to do more to achieve the $10 per…
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Vice-President Yemi Osinbajo said in Lagos on Tuesday that the fiscal provisions for gas business in the Petroleum Industry Bill (PIB) would  be one of the most attractive in Africa. The News Agency of Nigeria (NAN) reports that…
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A lawsuit launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion (1.29 billion pounds) for its role in a disputed 2011 oilfield deal, will proceed to trial, London’s high court ruled on Thursday. …
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Transnational Corporation of Nigeria Plc (Transcorp) announced today that it has entered into an agreement with Sacoil Holdings Limited (now Efora Energy Limited, “Efora”) to settle all existing legal disputes around its Oil Prospecting…
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The Gulf of Guinea, GoG, late yesterday recorded fifth pirate attacks within six days as report just released by Dryad Global, indicates that a Marshall Island flagged vessel, M/T LA BOHEME was last night at 2036 UTC, attacked by 2 skiffs…
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The Cluster Management Committee/President Generals Forum of Oil Mining Lease (OML) 30 in Delta State, has shut down operations of Heritage Energy Operational Services Ltd (HEOSL), operators of OML 30. The committee made this known in a…
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The Nigeria Association of Petroleum Explorationists (NAPE) has announced that its 38th Annual International Conference and Exhibition (AICE), which is perhaps the largest gathering of earth scientists and other stakeholders in the oil and…
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To further deepen its Liquefied Petroleum Gas (LPG), popularly called cooking gas, NIPCO Plc has announced plans to deploy skids and bottling plants across Nigeria. Its Managing Director, Mr. Suresh Kumar, disclosed this on the…
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L-R: General Manager, Chad Basin, (NNPC), Mr Mohammed S. Ali, Group General Manager, Frontier Exploration Services, (NNPC), Mr. Abdullahi Bomai, NNPC GMD, Mallam Mele Kyari, Chief of Army Staff, Lt. General Tukur Buratai, Honourable…
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