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Offshore drilling contractor Shelf Drilling has secured a contract extension for its Adriatic I jack-up unit in Nigeria. In its fleet status report released on Wednesday, Shelf said that the Adriatic I would keep working for Sirius…
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The Group General Manager of Greenfield Refineries, a division of the Nigerian National Petroleum Corporation (NNPC), Mohammed Usman, has said it is difficult to set up new refineries in Nigeria because many companies do not have the…
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Nigerian airlines have called on the federal government to review its tax policy for the sector as well as the cost of aviation fuel, in order to reduce cost of flight operations and ensure they remain in business. The operators said…
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The board and management of Seplat Petroleum Development Company Plc have assured shareholders that the growth in the operations of the leading indigenous oil and gas company will lead to increased dividend payouts and share price…
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The Programme Manager for the Nigeria Gas Flare Commercialisation Programme (NGFCP), Mr. Justice Derefaka, has disclosed that a market analysis carried on the NGFCP by the International Finance Corporation (IFC) of the World Bank showed…
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*As external reserves hit $44.69bn*Says capital release for 2018 now N2.079trn*Records N3.96trn revenue for 2018*Customs moves against rice importers The Federal Government is set to disburse N649.434 billion to states of the…
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The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) Thursday commended the federal government for the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG). The group President, Mr. Nosa Ogieva-Okunbor,…
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….orders him to open defence July 3 The Abuja Division of the Federal High Court, on Thursday, held that former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, has a case to answer…
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President Cyril Ramaphosa of South Africa has reiterated at an investment conference in Johannesburg Wednesday that struggling power utility Eskom would not be privatised, adding it was “too big to fail”. Ramaphosa was delivering his…
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A Ghanaian and 8 Beninoise has been arrested for alleged theft of Petrol Motor Spirit (PMS) along Atlas Cove in Lagos State. Commodore Ibrahim Shettima, Commander of the Nigerian Navy Ship (NNS) BEECROFT, made this known during a…
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