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Minister of State for Petroleum Resources Ibe Kachikwu says the Federal Government, through automation initiatives by the Department of Petroleum Resources (DPR), has realized over N1.66 trillion from royalties and renewal of oil…
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Nigeria has set January 31, 2019 target to scale up oil production to 1.83 million barrels per day.Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who stated this in a document sighted by New Telegraph at the weekend, premised…
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Eland oil and gas Plc, is hopeful that the Gbetiokun is expected to yield 15,000 barrels of oil per day, bopd from its early production system. The company’s chief executive, George Maxwell said, the Gbetiokun field has the potential to…
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...Being a lecture delivered in Angola by OPEC Secretary-General, Dr. Mohammed Sanusi Barkindo It is both a pleasure and privilege to be in the great nation of Angola this morning. Angolan hospitality is world-renowned, and my team and…
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Oil cargoes departing from Nigeria to the United States fell to 103,000 bpd in December, down by 48,000 bpd, new data show. Generally exports by OPEC nations to the US fell to 1.63 million barrels per day (bpd), down from 1.80 million…
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By Yange Ikyaa Solarplaza has unveiled ‘The Solar Future: Deserts of Africa’, a new platform aimed at exploring the opportunities that accompany solar PV development in Africa’s deserts. This new two-day event will be hosted in Dakar,…
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The Nigerian government incurred N623.17 billion on petroleum products supply under-recovery cost between January and November this year, a summary of the monthly estimates of the expenditure by the Nigerian National Petroleum Corporation…
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The Nigerian government incurred N623.17 billion on petroleum products supply under-recovery cost between January and November this year, a summary of the monthly estimates of the expenditure by the Nigerian National Petroleum Corporation…
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Forte Oil Plc Chairman Femi Otedola is set to sell his entire 75 per cent majority equity stake in the company in a deal estimated at about N25 billion – which translates to giving up the ownership. Forte Oil yesterday confirmed…
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Minister of State for Petroleum Resources, Ibe Kachikwu, has spent over three years in office. In a recent interview with The Guardian, Kachikwu spoke on the challenges facing Nigeria’s oil and gas sector and noted that the sector needed…
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