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The Managing Director of Duport Midstream Company Limited, Dr. Akintoye Akindele, has said the Duport Energy Park will boost the production of naphtha, diesel, kerosene, CNG, LPG and LNG in the state, in furtherance of the state…
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The House of Representatives Ad hoc Committee investigating the state of refineries in Nigeria has issued a 7-day ultimatum to the Minister of State for Petroleum, Timipre Sylva to appear before the committee or risk the wrath of the…
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Chairman, Transnational Corporation Plc (Transcorp Plc) and Heirs Holdings, Mr Tony Elumelu, has said oil theft in the Niger Delta is declining following the government's recent actions.He stated this at the 2022 Annual General…
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Oil prices tumbled 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) reduced its economic growth forecasts and warned of higher inflation.Prices fell despite lower output from OPEC+,…
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Nigeria has earned about $119 billion from crude oil exports from 2017 to 2021 under President Muhammadu BuhariThe country produces over one million barrels of crude oil per day, which is a far cry from previous productionsExperts say…
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The energy group, Eni said during the week that it had lifted a force majeure on gas exports from Nigeria’s Okaka in Bayelsa state after repairing  a vandalised pipeline.Eni declared force majeure on April 6 after the Ogboinbiri to…
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