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The Department of Petroleum Resources (DPR) has clarified the process it uses for accounting for crude production in the country, noting that most incidents relating to oil theft occurs from the land terminals. A statement issued on…
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His Excellency Timipre Sylva, Nigeria's Minister of State for Petroleum Resources, has been appointed Special Envoy for further consultations with DoC Participating Countries, an OPEC press statement has said. At the 26th Meeting of the…
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The 26th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 3 February 2021, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair…
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Abia, Akwa-Ibom, Bayelsa, Delta and four other oil-producing states in the country, received N6.59 trillion from the 13 per cent derivation fund from the Federation Account from 2009 to 2019, according to a report published by ACIOE…
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The Technical Committee on Premium Motor Spirit (PMS) Pricing Framework, has issued new regulations on the pricing, importation, and distribution of petroleum products in Nigeria, including the parity of forex for marketers. On December…
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...Yearly revenue slump by 31.5% to $181.5bn ExxonMobil recorded its first yearly loss since 1999 after losing $22.4 billion in 2020, the oil supermajor said at an earnings call on Tuesday. The energy industry has been…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva at the weekend performed the groundbreaking ceremony of an Energy Infrastructure Park being developed by Atlantic International Refinery and Petrochemical Limited in…
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The Heavyweight Champion has banked over £100MILLION and could Secure Biggest Payday yet against Tyson Fury in 2021 Anthony Joshua is one of the world’s biggest sporting stars – and the Brit certainly gets a pay-packet to reflect his…
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Saidu Abubakar with Agency Reports Lionel Messi was sent off for the first time in his club career in the final minute of extra time forlashing out in Barcelona’s Spanish Super Cup final defeat Lionel Messi could be hit with a huge…
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-By Danlami Nasir Isah As part of efforts to revive one of the worst-hit sectors by the Covid-19 pandemic, Pension Fund Administrators (PFAs) invested a total of N217.58bn in real estate as at the end of September 2020. The…
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