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The contribution of Green Energy International Ltd, a Nigerian integrated energy company, towards the development of the oil and gas industry is very laudable, Heineken Lokpobiri, minister of state for Petroleum Resources (Oil), has…
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Nigeria regained its position as the largest producer of crude oil in Africa in April. The Organisation of Petroleum Exporting Countries, OPEC, disclosed this in its latest monthly report released on Tuesday. It stated that…
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By William Emmanuel Ukpoju In a significant development, the Nigerian government has secured presidential backing for the marketing of oil blocks, a move aimed at revitalizing the country's oil and gas industry and attracting…
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By Saidu Abubakar Shell Nigeria Exploration and Production Company Ltd (SNEPCo) produced more oil at Bonga last year than the previous one, a review of operations has shown. Nigeria’s first deep-water development produced some…
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Nigeria crude oil production drops ...As Bonga adds 138,000 barrels Nigeria last month produced 1.281 million barrels per day of crude oil, as the country’s output edged slightly against the 1.231 million output in March. Monthly…
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Acting SEC DG, Emomotimi Agama The Securities and Exchange Commission (SEC) has vowed to collaborate with the Economic and Financial Crimes Commission (EFCC) to mitigate forex trading manipulations within the virtual space. Acting…
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Following the naira’s depreciation, the Central Bank of Nigeria has raised the exchange rate for calculating import duty at Nigeria’s ports to N1,457.014 per dollar. The Customs Forex duty rate represents a three-percent hike in the…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is urging oil marketers to integrate Compressed Natural Gas (CNG) points into their filling stations, aiming to enhance accessibility for consumers. Engr.…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority has agreed to clear the outstanding N200 billion bridging claims to petroleum products marketers as a way of resolving the crisis which has led to fuel scarcity in…
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Funds, competence necessary in Nigeria’s bidding round- ND Western An indigenous oil and gas company, ND Western, has disclosed why financial muscle, technical competence and historical performance form the major considerations in…
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