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By Teddy Nwanunobi The 2,500 barrels per day (bpd) Duport Modular Refinery that is being established at Egbokor, Edo State, has reached 80 per cent completion, and would be ready for inauguration by the fourth quarter of 2021 (Q4’21),…
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By Teddy Nwanunobi Three trucks laden with suspected illegally refined petrol, which were apprehended last Friday in Bayelsa State by the taskforce of the Bayelsa Chapter of the Independent Petroleum Marketers Association of…
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By Teddy Nwanunobi The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the Federal Government intends to fund the $1.5 billion through funds from the Nigerian National Petroleum Corporation (NNPC), federal…
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The Minister of State for Petroleum Resources, Timipre Sylva, has promised to ensure that every cent of the $1.5 billion proposed for the rehabilitation of the Port Harcourt refinery is accounted for. He staked his neck and made the…
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By Teddy Nwanunobi Latest Price Watch Report of the premium motor spirit (PMS) for the month of February by the National Bureau of Statistics (NBS) revealed that consumers paid 1.31 per cent more on a month-on-month in February than…
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China’s transition from the biggest polluter in the world to the leading force in renewable energy generation will completely transform its economy, a new report by Wood Mackenzie says. Calling the upcoming changes tectonic, Wood Mac…
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The Department of Petroleum Resources (DPR), Katsina State Field Office, says it will ensure petrol is sold at the government-approved price in the state. The government-approved price is from N162 to N165 per litre. The Controller…
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World oil markets have rebounded from the massive demand shock triggered by Covid-19 but still face a high degree of uncertainty that is testing the industry as never before, according to a a new IEA report. The forecast for global oil…
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By Teddy Nwanunobi The Group Managing Director (GMD) of Aiteo Eastern E&P Ltd, Victor Okoronkwo, has declared digitisation is no longer an option, but a fundamental requirement for oil and gas companies to go leaner, as well as…
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By Teddy Nwanunobi The Minister of State for Petroleum, Chief Timipre Sylva, has expressed confidence that Nigeria’s economy will change for the better when the new Petroleum Industry Bill (PIB) is passed. Sylva, who made the…
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