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In a statement by the Nigerian Content Development and Monitoring Board, the Federal Government has disclosed plans to soon announce a policy that will require operating firm to refine locally at least 20% of the crude oil they…
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Cargo throughput, excluding crude oil, at Nigerian ports, witnessed the lowest performance in 2018 with a total of 35.9m tonnes. This was against the 2014 figure where cargo throughput witnessed the highest climb with 84.9m tonnes. …
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A new report on the protracted practice of crude oil theft in Nigeria has disclosed that amongst those involved in the illicit trade are oil companies operating in the Niger Delta region. The report, prepared by the Nigeria Natural…
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Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, said the Federal Government has commenced the tracking of Nigeria’s crude oil output and is currently working with the Economic and Financial Crimes Commission, EFCC, to track…
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No fewer than 19 vessels are expected to berth at the Onne port between January 18 and 30, 2019. Out of the 19 vessels, six are laden with 425,000 tons of liquefied natural gas (LNG). The names of the LNG vessels, according to the…
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The Dangote Oil Refining Company (DORC) Limited recently took delivery of one of the major components of its refinery equipment; the regenerator for the Residual Fluid Catalytic cracker. Fluid catalytic cracking (FCC) is one of the…
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In what sounds like a respite for the oil industry, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu on Tuesday revealed that the Federal Government has begun tracking of Nigeria’s crude oil production to ensure the perennial…
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President/Chief Executive of Dangote Industries Limited, Aliko Dangote said the ongoing investment in refining, petrochemicals, fertiliser and gas is driven by the desire to bring innovation and efficiency into all aspects of Nigeria’s oil…
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The Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday said Nigeria and Morocco have completed the feasibility study for the construction of the 5,660km Nigeria-Morocco Gas Pipeline.…
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Minister of State for Petroleum Resources, Dr. Ibe Kachikwu yesterday reiterated the prospects of Nigeria exporting human capacity in the oil and gas sector to other African countries. Speaking at the ongoing Nigerian International…
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