News

Dr. Olufemi Oke-Osanyintolu, the Director-General, Lagos State Emergency Management Agency (LASEMA), said on Saturday that the agency monitored the repair of the vandalised pipeline at Mosan, Ipaja, Lagos State, by officials of the…
Read More...

Energy producing nations across the world are redesigning their crude production and distribution processes and procedures by deploying latest tools in Information and Communications Technology (ICT) to drive it. In Nigeria, the…
Read More...

In the bid to sustain the economy at this critical period of global meltdown,The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged President Muhammadu Buhari for immediate directive to Nigerian National Petroleum…
Read More...

The Tansmission Company of Nigeria (TCN) has applauded the Group Managing Director(GMD) of the Nigerian National Petroleum Corporation(NNPC), Mele Kyari, for the efforts put in place by the management of the oil firm to resolve the issue…
Read More...

The Nigerian National Petroleum Corporation (NNPC) in November 2019, lifted 8,621,658 barrels of crude oil from the daily allocation for domestic utilization translating to an average volume of 287,389 barrels of oil per day in terms of…
Read More...

• NNPC, DPR differ over Nigeria’s petrol stock The federal government has directed oil and gas companies to reduce the workforce on their offshore platforms in view of COVID-19 pandemic in the country. Director, the Department of…
Read More...

Most of Africa’s top planned oil and gas projects were expecting sanctioning under an oil price assumption of between $55 and $60 per barrel. Now, with oil prices falling to below their break-even costs, Rystad Energy expects many projects…
Read More...

Nigerian oil company Seplat is targeting cost cuts of at least 30% amid a steep oil price crash, an executive told Reuters on Monday. Chief Financial Officer Roger Brown said the cuts, which would ideally be higher in the short term,…
Read More...

Global oil demand is set to plunge by more than 10 percent from the typical 100-million-bpd consumption, as the raging coronavirus pandemic forces countries into lockdown, according to the world’s biggest independent oil trader, Vitol. …
Read More...

The Nigerian National Petroleum Corporation (NNPC) is to establish an energy renewable plant in Benue State using agricultural products as part of efforts by the Federal Government to diversify the nation’s economy. The corporation’s…
Read More...