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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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Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), says non-compliance to regulations by operators in the oil and gas sector hinders growth in the industry. Baru made this known at the 2018 annual…
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Top on the worry list of stakeholders in the nation’s oil and gas industry are the uncertainty caused by the delay in the passage of the Petroleum Industry Bill and the lack of adequate refining capacity. After over 60 years of…
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Foreign Direct Investment in Nigeria’s oil sector dropped by $17.12m in the third quarter of 2018, the Nigerian Natural Resource Charter stated on Wednesday. According to the NNRC, foreign investments in the sector plunged from $24.85m…
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THE oil price rebound, yesterday, reached a significant point, selling at $60 per barrel, as the Organisation of Petroleum Exporting Countries, OPEC, continue to withdraw excess oil from the international market. Prices of Brent, West…
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Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has told President Muhammadu Buhari, that only a total overhauling and amendment of Nigeria Contents Monitoring and Development Board, NCMDB, Act will make it achieve the aim and…
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