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A report by the Department of Petroleum Resources, DPR, obtained by Vanguard showed that Nigeria’s oil reserves remain low at 37 billion barrels, despite efforts made by the government and others to achieve 40 billion barrel by 2020. In…
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Department of Petroleum Resources, DPR, yesterday, disclosed that operators in the downstream segment of Nigerian petroleum industry are increasingly flouting Standard Operating Procedures in the sector. Similarly, Nigerian National…
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The Federal Government yesterday announced the approval of a $9m variation for the Escravos to Lagos gas pipeline, raising the total contract sum to $186m. The approval was granted during yesterday’s Federal Executive Council…
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The Nigerian Ports Authority (NPA) says it is expecting 38 ships to bring in petroleum products, food and other goods at Apapa and Tin Can Island Ports, from Jan. 10 to Jan. 22. Agency reports have it that three of the 38 ships will…
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By Danlami Nasir Isah The Department of Petroleum Resources (DPR) on Thursday, declared that it shall take necessary actions against any illegal retail outlets, including filling stations and gas plants, at the end…
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By Yange Ikyaa The Nigerian National Petroleum Corporation (NNPC) is set to implement an effective commercial framework that would halt the export of propane and butane, which are major components in the production of Liquefied…
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The Federal Executive Council (FEC) on Wednesday approved the engineering procurement construction and installation for oil pipeline contracts worth $3.7 billion. The Minister of State for Petroleum, Dr. Ibe Kachikwu, who disclosed…
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The Nigerian National Petroleum Corporation (NNPC) is set to implement effective commercial framework that would halt the export of propane and butane, which are major components in the production of Liquefied Petroleum Gas (LPG), also…
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Nigeria’s Minister of State for Petroleum, Ibe Kachikwu, has said that Nigeria now produces 1.78 million barrels of crude oil per day (bpd). Speaking in Abuja Wednesday, Mr. Kachikwu added that the nation was expecting output from Egina…
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The management of MRS Oil Nigeria Plc on Thursday announced the appointment of Priscilla Thorpe-Apezteguia as Director and Managing Director (Acting) of the Company. A disclosure notice sent to the Nigerian Stock Exchange (NSE), signed…
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