News

Data analysis by Dataphyte has shown the Department of Petroleum Resources (DPR) paid over 8 billion as salary upfront in January 2020. This is according to the daily payment data published on the open treasury portal. The review of…
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Justice Muslim Sule Hassan of the Federal High Court, Lagos has restrained the Minister of Petroleum Resources and the Department of Petroleum Resources (DPR) from revoking the Ororo marginal field in OML 95 pending the determination of…
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President Muhammadu Buhari has approved the release of funds for the first phase of the Siemens electricity deal. In 2019, the president had signed a power project deal with Siemens AG, Germany-based firm, to deliver 7,000…
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Nigeria will be auctioning some marginal oil fields before the end of this year and investors will have the option of choosing from 56 fields, according to Minister of State for Petroleum Resources, Chief Timipre Sylva. The minister…
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Nigeria’s crude oil output is expected to drop further as the Bonga crude oil export terminal, which is operated by Shell Nigeria Exploration and Production Company (SNEPCO) has been shutdown. Report by Reuters says…
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In response to speculations about its staff strength, the Nigerian National Petroleum Corporation (NNPC) has disclosed that it currently has 6,621 staff, both at its headquarters and across all its subsidiaries, division and offices…
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The Nigeria Navy has said it recovered N75 billion worth of stolen petroleum products in five years. The products recovered between 2015 and 2019 include crude oil, diesel and petrol. It said a total of 2,287 illegal refineries were…
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On April 20, the West Texas Intermediate crude benchmark did not just fall below zero, it plummeted to negative $37.63 a barrel. This stunning price crash was the result of a months-long series of unfortunate events, starting with a global…
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The Nigerian National Corporation (NNPC) has explained the parameters for employment as well as career progression in the corporation, using the recently concluded Graduate Trainee employment process as well as top Management promotion…
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The American giant Google has just announced that it is giving up developing new artificial intelligence solutions that will help the oil and gas industry to accelerate the production of fossil fuels. A statement that follows the…
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