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An overturned oil tanker exploded in Odukpani, Cross River State, South Southern Nigeria, while dozens of people were scooping up the leaking fuel, killing at least 12 people, police and witnesses said, with locals putting the number many…
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The Department of Petroleum Resources on Thursday declared that it had given a grace period of three months for all illegal filling stations and gas plants to regularise their facilities or face the full wrath of the law. It disclosed…
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Eland oil and gas Plc, is hopeful that the Gbetiokun is expected to yield 15,000 barrels of oil per day, bopd from its early production system. The company’s chief executive, George Maxwell said, the Gbetiokun field has the potential to…
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With share price which rose by 9.95 per cent to close at N34.35 per share on Thursday against N31.25 on December 24, 2018, Forte Oil’s shares remained strong despite the announcement by its major shareholder, Mr. Femi Otedola, to divest 75…
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Reports have it that Dangote Refinery has taken delivery of a gigantic distillation component. It is learnt that the component is one of the biggest in the world as the refinery is billed to start producing PMS and allied products later…
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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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