News

MRS Oil Nigeria has announced its unaudited financial statement for 2019, which shows that the downstream firm recorded a loss after tax of N1.1 billion during the period. The loss was caused by a 28 per cent fall in the company’s…
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The Ministry of Petroleum Resources is looking to attract more investments from the United States and strengthen cooperation in the energy sector. The Minister of State for Petroleum Resources, Chief Timipre Sylva, was part of the…
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Most of the major players in the downstream sector of the nation’s oil and gas sector saw their profits drop last year, according to official data collated by our correspondent on Wednesday. An analysis of the financial statements of…
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…Asserts that Discos, Gencos deceived Nigerians on their ability The Nigerian Senate has said that it has come to the conclusion that the 2005 power sector privatisation in the country has collapsed, saying that there is need to revisit…
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Nigeria lost N522.2million through 28,349.72 barrels of crude oil spilled into the environment by oil and gas companies in 2019. The National Oil Spill Detection and Response Agency, NOSDRA,disclosed this in a data obtained. A barrel…
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The Department of Petroleum Resources (DPR), yesterday, in Abuja, said it may be forced to take drastic action against erring oil and gas firms in an attempt to address frequent cases of explosion and accidents in the industry. Cases of…
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Independent Petroleum Marketers Association of Nigeria, IPMAN, Enugu Depot branch, has called on the South-East governors and other Igbo leaders to intervene and engage the Federal Government on the urgent need to revitalise the long…
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A Milan court has rejected a prosecution request to hear testimony from a former legal adviser of Eni who has accused the company of spying on judges, offering a boost to the Italian oil firm as it fights bribery allegations over a…
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The positive intervention of the various agencies of the Federal Government for the resolution of the feud between Samsung Heavy Industries Nigeria Limited (SHIN) and LADOL, has boosted the confidence of Korean companies in Nigeria,…
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Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva was part of the Nigerian delegation at the US-Nigeria Binational Commission Meeting held in Washington DC on February 3-4, 2020. DFC and the delegation To…
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