News

Despite the scourge of Coronavirus raving activities in the oil and gas industry, Nigeria’s rig count took a significant jump, rising 64 per cent to 23 in February, as against 14 recorded in January, 2020. This is coming at a time the…
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The foreign and local oil firms, yesterday, perfected plans for mass disengagement of workers and slash in investments as parts of measures to mitigate the effects of price rout rocking the global market. The rout, buoyed by spread of…
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A Five-man delegation from the Ministry of Petroleum, Republic of Niger recently visited the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State and sought counsel on how to implement Local Content…
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In a statement released by the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), warned Nigerians to prepare for economic downturn, due to the low level of crude oil price in the international market because of the…
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The Nigerian National Petroleum Corporation (NNPC) has placed a ban on international travel for its staffers due to Coronavirus outbreak. According to reports reaching newsmen, the corporation said any essential international travel…
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*Presidency tackles Kwankwaso, says govs can remove monarchs *Politics has destroyed our valuable tradition – Northern elders *Kano govt denies banishment as Sanusi goes to court today *New Kano emir weeps One of the…
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The Nigerian National Petroleum Corporation, NNPC, Thursday, appointed Mr. Kehinde Obateru, as the new spokesperson for the corporation, while it sacked over 400 senior staff nationwide. The appointment of Obateru and the sack would…
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Africa’s richest man, Aliko Dangote, will begin production of oil from two assets he snapped up from Royal Dutch Shell Plc in July, adding a new source of income to a fast-expanding business empire. In an interview with Bloomberg, the…
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•Gbajabiamila, NNPC differ on $20.4bn loss to oil theft The House of Representatives has raised the alarm over the sharp fall in global oil prices, noting the adverse effect it will have on Nigeria’s economy, especially the…
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The Director/CEO of the Department of Petroleum Resources represented by Lagos Zonal Operations Controller, Engr Ayorinde Cardoso declared open the 2020 Annual Oil Spillage Contingency Plan Activation and HSE Audit Exercise for Nigerian…
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