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Youths of the crude oil and gas-rich Niger Delta region have been urged to direct their energies towards developing their innate abilities. The admonition was made over the weekend by the Deputy Managing Director, Port Harcourt District…
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Recent pictures of Niger Delta Exploration & Production Modular Refinery in Ogbele, Rivers State. Work is at an advanced stage of completion, as production is scheduled to commence in March, 2019. They say PMB has not done…
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The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, will next week unfold the Bank’s plans for 2019 year, during the first Monetary Policy Committee (MPC) meeting scheduled for January 21 to 22. The Director, Corporate…
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The Dollar tumbled against a basket of major currencies last week Wednesday, after minutes from the meeting of the United States Federal Open Market Committee (FOMC) revealed policymakers had adopted a more cautious approach towards…
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The cat has finally been let out of the bag! The bombshell by Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation, that no turnaround maintenance has been undertaken on the four state-owned refineries in…
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The Nigerian Petroleum Development Company is making efforts to raise $3.15bn through third party financing to develop the country’s oil and gas reserves from Oil Mining Lease 13, PUNCH reports The flagship subsidiary of the…
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The best time for the Federal Government to totally stop subsidy on petrol and completely deregulate the downstream sector is now when global crude oil prices are still trading low, economy and energy experts have said. Brent crude, the…
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A massive hike of 240 per cent in the prices of petrol and diesel goes into effect today in Zimbabwe. Petrol was selling for 1.32 dollars (N481) per litre before Sunday’s hike. Now, it will be sold at $3.31 per litre. However, its…
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The Human and Environmental Development Agency (HEDA) as part of ongoing investigation into the controversial $1.1bn OPL 245 deal popularly known as Malabu scandal, has written the Netherlands Minister of Justice, expressing concerns over…
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The Dangote Oil Refining Company (DORC) Ltd. has taken delivery of one of the major components of its refinery equipment, the Regenerator for the Residual Fluid Catalytic Cracker (RFCC). Mr. Rama Putta, the Head of Quality…
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