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Axxela Limited(Axxela), has been accorded favourable national scale issuer ratings of BBB+(NG) and A2(NG) in the long term and short term by Global Credit Ratings (GCR). The ratings are valid until September 2021 and were ascribed due…
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In October 2016, 11 PLC, which was known as Mobil Oil Nigeria Plc, now hopes to delist its more than 360.592 million ordinary shares from the daily official list of the Nigerian Stock Exchange (NSE) by the end of the first quarter, in…
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French multinational oil company, Total has said it would change its name from Total to TotalEnergies to emphasise its strategy to become a net-zero emissions company.The firm says the decision show its commitment to cleaner energy. …
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Popularly known as Minister of Defence, ex-Super Eagles defender, Yisa Sofoluwe, is reportedly dead. Yisa Sofoluwe was on life support at the Lagos University Teaching Hospital, LUTH, for some days before he passed on. He was said…
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The Minister of State for Petroleum Resources, Timipre Sylva, has revealed plans by the Federal Government to begin oil production in the northeast. Speaking during a recent interview on Channels Television’s Newsnight in Abuja, which…
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Minister of State for Petroleum Resources Chief Timipre Sylva has said the Federal Government revoked the licence for the Atala Marginal Oilfield (OML 46) because it was dormant for many years. Sylva said the Bayelsa State government…
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Oil marketers have warned of impending fuel scarcity if the Federal Government does not find a lasting solution to rising cost of the product at the depots.National President of Petroleum Products Retail Outlets Owners Association of…
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….As Sylva Launches NUCOP The Nigerian National Petroleum Corporation (NNPC) has called on stakeholders in the oil and gas industry to join in working towards reducing operations cost to achieve the $10 or less per barrel production…
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The organization of petroleum exporting countries has postponed its 60th anniversary celebration which was slated for the 26th of February 2021 in Baghdad, the Iraqi capital, to May 2021. In a memo addressed to the entire oil producing…
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The Department of Petroleum Resources (DPR) has issued Licence to Establish (LTE) the first floating LNG production plant for the processing of 176MMcfd natural gas and condensate to UTM Offshore Limited, an indigenous oil and gas company…
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