News

Nigeria’s oil and gas regulator, the Department of Petroleum Resources (DPR) has suspended the applications for approval to construct and licence to operate filling stations located within 20 kilometres along border area indefinitely. A…
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The Minister of Communications and Digital Economy, Dr. Isa Pantami, on Saturday extended the deadline given to the Nigeria Communications Commission to reduce the cost of data, and stop illegal deductions from subscribers by service…
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• Fear policy will worsen their fate Marketers operating in the downstream sector of the Nigerian oil and gas industry have started counting their losses due to federal government’s ban on supplies of petroleum products to filling…
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Governor Bala Mohammed of Bauchi State on Sunday cleared the air on the controversy surrounding oil discovery in the border communities of his state and Gombe. Mohammed said there is no conflict between the two states, noting that…
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•Apex court hears case on Tuesday •Why FG, NNPC seek review The Nigerian National Petroleum Corporation (NNPC) is asking the Supreme Court to review a $22,630,000 (N8, 146, 800,000) damages verdict against it. The apex court, which…
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The Minister of State for Petroleum Resources, 10, said the Federal Government was committed to its plan to cut the cost of production and boost local participation in the oil and gas sector of the country. Sylva stated this in an…
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…Ranks fourth on OPEC’s list Nigeria raked in a whopping $54. 4 billion from crude oil exports last year, ranking fourth on OPEC’s list of highest-earning countries in the group. Statistics from the Organization for the Petroleum…
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Sequel to the disqualification of four companies bidding for the financing and redevelopment of Oil Mining Lease (OML) 119, a twin offshore block made up of Okono and Okpoho fields located approximately 50 kilometres offshore south-eastern…
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Opposition leader Wandile Dludlu says 19 Rolls-Royce cars were delivered to Swaziland last week for the exclusive use of the king, his mother and his wives. This was on top of 120 BMWs ordered by King Mswati, for the exclusive use of the…
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French oil giants, Total has put up for sale its 12.5% stake in a major deepwater oilfield off the coast of Nigeria. The move is believed to be in the effort to adjust the energy company’s Africa portfolio amid a broad expansion, Reuters…
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