e-Station: DPR Threatens to Sanction Abia Independent Marketers
By Teddy Nwanunobi
Following the expiration of deadline given to all petroleum marketers by the Department of Petroleum Resources (DPR), within when to register their retail outlets into its e-Station platform, the Abia State Field!-->!-->!-->…
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OPEC, ONOMM Reaffirm Participating Countries’ Commitment
By Teddy Nwanunobi
The 17th Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, on Tuesday, June 1, among other things, reaffirmed the existing commitment of the!-->!-->!-->…
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BREAKING: Oil Price Passes $71
By Teddy Nwanunobi
For the first time in two years, Brent oil price, on Tuesday evening, crossed over $71 per barrel.
Valuechain reports that the 17th Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial!-->!-->!-->!-->!-->…
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Crude Oil: 7,000 Reserves Discovered, Only 1,700 Producing – FG
By Teddy Nwanunobi
The Federal Government has disclosed that only 1,700 reserves are currently producing crude oil, out of the 7,000 oil reserves that have been discovered in the country.
Speaking in Abuja, the Department of!-->!-->!-->!-->!-->…
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Nigeria’s May Oil Export Drops
-By Teddy Nwanunobi
Nigeria, a member of the Organisation of Petroleum Exporting Countries (OPEC), reported a huge drop in oil export.
This was despite OPEC’s output rising to 25.52 million barrels per day (mbpd), according to a!-->!-->!-->!-->!-->…
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N369.5bn petrol subsidy cost hits federation account
There was an indication that the Nigerian National Petroleum Corporation, NNPC, has made good its threat to deduct the N111.966 billion it spent in subsidizing the pump price of petrol in March by withholding same amount from the!-->…
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Iheanacho, Etebo, Other Super Eagles Stars Arrive Vienna Ahead Of Cameroun Clash
*Nigeria who are three-time African champions will be facing Cameroun this month in double header
*Gernot Rohr who is Super Eagles coach and his men will be using these two games to prepare for the World Cup qualifiers
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Chemical Industry Key To Industrialization- Wabote
By Hilary Ojeh
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has underlined the importance of a vibrant chemical industry to achieving sustainable development of any!-->!-->!-->…
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NCDMB Tasks OGTAN to Prioritise Categorisation, Employment
By Teddy Nwanunobi
The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has tasked the new leadership of the Oil and Gas Trainers Association of Nigeria (OGTAN) to prioritise!-->!-->!-->…
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Nigeria: NNPC Decries Destruction of Rail Lines for Oil, Gas Pipe Transportation
The Nigerian National Petroleum Corporation (NNPC) has bemoaned the recent spate of attacks on the country's rail lines, especially from Warri in Delta state to Itakpe in Kogi state, which the corporation had started using for haulage of!-->…
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