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Proven gas deposits in Nigeria has moved 206.53 trillion cubic feet, the Department of Petroleum Resources (DPR) said yesterday in Abuja. Speaking at the Nigeria International Petroleum Summit, Director of DPR, Auwalu Sarki disclosed…
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The federal government has announced the discovery of an additional 3.53 Trillion Cubic Feet (TCF) of gas in the country, further boosting the existing quantum of reserve to 206.53 TCF. Speaking at the Nigeria International Petroleum…
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The price of the international crude benchmark, Brent crude, climbed to $73.17 per barrel on Monday, June 14. This is the highest level it has reached since October 2018. One of the major drivers of this is the rollout…
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The Department of Petroleum Resources (DPR) has said that indigenous oil and gas companies are now contributing as much as 33% to the country’s crude oil reserves and about 30% to its gas reserves. This is as it has announced that…
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The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has hailed the giant stride of President Muhammadu Buhari in the oil industry, stating that his administration’s support has restored investors…
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Barely a year after the Department of Petroleum Resources, DPR, slammed a $250,000 fine on National Oilwell Varco, NOV, over perceived unfair labour practices, the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN,…
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World Bank has approved $465 million for improved energy access in West Africa.The new project aims to extend grid electricity access and integrate renewable energy into the grid. The World Bank has approved US$465 million in financing…
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The Minister of Transportation, Rotimi Amaechi disclosed that the government paid a private firm $67 million to protect the country’s waterways. Amaechi noted that prior to the Buhari-led administration, the country’s waterways were…
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-By Saidu Abubakar Stringent regional lockdowns resulting in weak consumption, following COVID-19 pandemic in India, have forced Nigeria's crude variants to now seek other buyers in Asia and Europe. Agncy reports quoted S&P…
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Kano State Government has declared that Tamburawa in Dawakin Kudu Local Government Area along Zaria Road as the planning location for the siting of the proposed gas industrial layout under the Nigeria National Petroleum Corporation…
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