August ’23 Crude Output: NUPRC, NNPCL Release Contradictory Figures
The Nigerian Upstream Petroleum Regulatory Commission has released the country’s crude oil and condensate production output for August 2023.
It is a mere 1.181Million barrels of oil per day (MMBOPD) for crude and 1.415Million!-->!-->!-->!-->!-->…
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NCDMB Partners Nigerian Navy, MDTI To Boost Underwater Diving Capacity
By Danlami Nasir Isah
The Nigerian Content Development and Monitoring Board (NCDMB) has successfully graduated a batch of 20 young Nigerians from the Nigerian Navy Underwater Warfare School. The five-month commercial air dive!-->!-->!-->!-->!-->…
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AEC Announces Tetracore Energy Boss as Keynote Speaker at AEW
By Patience Chat Moses
The African Energy Chamber (AEC) has announced the Chief Executive Officer (CEO) Tetracore Energy, Olakunle Williams, as a keynote speaker at African Energy Week (AEW) 2023, scheduled to take place from!-->!-->!-->!-->!-->…
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NSCDC parades suspected illegal oil dealers in Rivers
By Adaobi Rhema Oguejiofor
The Nigeria Security and Civil Defence Corps (NSCDC) Rivers State Command has paraded ten suspects over the alleged vandalism of pipelines, illegal dealings in petroleum products, and other crimes.
The!-->!-->!-->!-->!-->!-->!-->…
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Gas Minister, Sahara Group Deepen Partnership On Energy Transition
By Patience Chat Moses
Sahara Energy International Singapore has expressed desire to partner with relevant government agencies to expand investment in gas sector in Nigeria.
The Minister of State for Petroleum Resources!-->!-->!-->!-->!-->!-->!-->…
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Dangote Steps Up Efforts to Reduce Green House Gas Emission
By Adaobi Rhema Oguejiofor
Dangote Group, a pan-African Conglomerate, has deployed cutting-edge technology and other measures in order to mitigate the emission of Green House Gases (GHG) and their impacts in all its subsidiaries.
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NUPRC unveils successful bidders for gas flare commercialisation
The Nigerian Upstream Petroleum Regulatory Commission has announced the outcome of the bidding exercise and issuance of letters of award to 42 companies/entities deemed successful in the keenly contested bid for 49 Flare Sites put!-->!-->!-->…
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7.5% VAT on diesel can disrupt supply of petrol nationwide — NARTO warns
The Nigerian Association of Road Transport Owners (NARTO) has explained how the 7.5 per cent Value added tax (VAT) on petrol can disruption the supply of Premium motor spirit (PMS) otherwise known as petrol across the country.
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G-20: Indian Tycoon Set To Invest Billions Of Dollars In Nigeria’s Auto Industry
Gopichand Hinduja, an Indian business magnate, made a firm pledge last week to invest significantly in Nigeria’s rapidly expanding vehicle industry.
Last week, the billionaire Chairman and CEO of Hinduja Group of Companies met with!-->!-->!-->!-->!-->…
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Crude Price Hits $92/Barrel, As Nigeria’s Production Fails To Increase
A review of global oil prices on Oil Price early on Wednesday, September 13 (5:36 AM, GMT+1), showed that Brent crude is at $92.28 per barrel.
Yet, the country has failed to significantly increase its oil production.
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