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Chief Timipre sylva, Minister of State for Petroleum Resources, has expressed that the increase in prices of global crude oil is not good for the country. Speaking on the rising crude oil prices in an interview with Bloomberg…
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…Pay $4.6Bn In Royalty To Government Oil major, Royal Dutch/Shell Group, is currently reviewing its deep offshore strategies to enhance deep water operations in the country. In a media chat in Lagos on Wednesday, Igo Weli,…
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The Nigeria LNG Limited (NLNG) has approved the appointment of Olalekan Ogunleye as successor to Sadeeq Mai-Bornu as deputy managing director of the company. Mai-Bornu, appointed by the NLNG board in April 2016, will return to his…
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...High oil prices are good for Russia’s budget and for its hard-to-recover oil resources and projects, on the one hand, but oil so high is also hitting other sectors of the economy and slows demand growth, on the other hand, the…
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Groups in the Niger Delta region have described the ongoing rehabilitation of the Port Harcourt Refinery as a welcome development, which would boost the economy of the region and create jobs. Recall that the federal government in…
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As the scarcity caused by withdrawal of methanol-blended petrol into the country eases off, the Nigerian National Petroleum Company Ltd has released details of how it distributed a total of 387.59 million litres of Premium Motor Spirit…
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By YANGE IKYAA The African Petroleum Producers Organization (APPO) yesterday declared that it has adopted the Africa Local Content Roundtable, an annual event organized and hosted in Nigeria by the Nigerian Content Development and…
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Indications are rife that official price of petrol would rise above N200 a liter following a N500,000 Ship-to-Ship Coordination Charge for each transshipment operation for petrol, introduced by the Nigerian National Petroleum Company…
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The Senate has confirmed the nominations of five Executive Directors designate of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The confirmation of the nominees followed the consideration and…
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The House of Representatives Committee on Petroleum Resources (Downstream) has commenced investigation into the importation of methanol-blended Premium Motor Spirit into the country. The House of Representatives had on February 10,…
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