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Oil blocks concessionaires including international oil companies (IOCs), indigenous producers and the Nigeria Petroleum Development Company (NPDC) lifted $34.2 billion ($34,198,009,459) worth of crude oil from Nigeria in one year, New…
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About 10,000 Niger-Delta ex-militants under the auspices of Non-Violence Ex-Agitators in the Presidential Amnesty Programme, NVAPAP, who claim they were trained and inducted into the Presidential Amnesty Programme, PAP, have raised the…
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Axxela Limited, one of sub-Saharan Africa’s gas and power portfolio company, has successfully achieved a trifecta implementation, evaluation, and certification of Integrated Management Systems: ISO 9001:2015, ISO 14001:2015, and ISO…
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The Organisation of Petroleum Exporting Countries (OPEC) has warned that rising geopolitical tensions across the world was still an existential challenge to a stable oil market in 2019. It also noted the potential impact of…
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Foreign investment inflow into the Nigeria oil and gas industry declined sharply by 59.7 per cent to $133.51 million in 2018, compared to $331.36 million recorded in 2017, according to data obtained from the National Bureau of…
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...As report tips China, Nigeria as emerging major refiners The planned $12 billion Dangote Refinery has enhanced the ranking of Nigeria as one of the major contributors to global refining between 2019 and 2023. The nation is…
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Nigerian National Petroleum Corporation (NNPC) has announced to boost domestic gas supply by developing 4.3 tcf Assa North/Ohaji South Fields (ANOH) in OML 21, operated by NNPC and joint venture partners including Shell Petroleum…
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The latest outburst by the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, that oil theft was still a major concern for Nigeria has left many Nigerians bewildered and disappointed that the menace they had thought was a thing…
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Petrocam Trading Nigeria Limited has opened a new solar-powered fuel station in Lagos, increasing the number of its retail outlets to 10. The Managing Director, Petrocam Trading Nigeria, Mr Patrick Ilo, said at the inauguration…
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Rising imports of US crude oil into Asia in the past few months will bring stronger competition in the months ahead for crudes from Nigeria and other West African countries, traders have said. S&P Global Platts reported that…
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