News

Barring unforeseen circumstances, President Muhammadu Buhari will on June 30 flag off the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline construction. The project is a 614km-long natural gas pipeline currently being developed by…
Read More...

Nigeria, others submit production compensation plans to OPECUK S/Court hears N/Delta communities’ case against Shell The rising number of COVID-19 cases among workers at Nigeria’s offshore oilfields and platforms is a growing threat to…
Read More...

Justice Ahmed Mohammed of the Federal High Court, Abuja, on Wednesday, declined to stop further proceedings in the trial of a former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, over…
Read More...

The Federal Executive Council (FEC), on Wednesday, approved various civil works worth above 137 billion across the six geopolitical zones of the country. Addressing State House Correspondents, Ministers of Works and Housing, and his…
Read More...

The Economic Financial Crimes Commission, EFCC, has said that illegal oil bunkering activities was capable of crippling the country’s economy, if left unchecked. South South Zonal Head of EFCC, Usman Imam, said this while receiving four…
Read More...

Global natural gas output is set to fall by 2.6 per cent this year because of the impact of the COVID-19 pandemic, after previously being expected to grow, consultancy Rystad Energy said on Tuesday. Rystad Energy had expected total…
Read More...

Industry players have expressed concerns about the transparency and credibility of the 2020 marginal fields’ bid round process being handled by the Department of Petroleum Resources (DPR), Nigeria’s oil and gas regulatory agency. It was…
Read More...

*Why DPR extended application by one week*Petroleum ministry expects over 500 applications Although Nigeria had put up 57 marginal oil fields for its next bid rounds, over 300 applications have been received, SweetcrudeReports can…
Read More...

Russia’s Rosatom State Corporation says it has signed Memoranda of Understanding (MoU) with Framatome SAS, France and GE Steam Power in the framework of the strategic investor selection procedure for the Belene Nuclear Power Plant (NPP) in…
Read More...

The Marginal Field Bid Round of 2003 produced some indigenous operators in Nigeria’s oil and gas upstream space. At present, there are more than 10 indigenous oil companies producing while some have metamorphosed from marginal field into…
Read More...