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The Nigerian National Petroleum Corporation (NNPC) has explained why the Federal Government is spending the huge sum of $1.5 billion on the Port Harcourt refinery, as it weighs in on the controversies and unverified claims by some…
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By Teddy Nwanunobi The Nigeria LNG Limited (NLNG) has sealed agreements to supply 1.1 million metric tons (MMT) of liquefied natural gas (LNG) yearly, the Managing Director and Chief Executive Officer, Engr. Tony Attah, revealed.…
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The Group Managing Director of the Nigerian National Petroluem Corporation, Mele Kyari has said that the corporation would deepen the country’s conversions of its produced oil and gas to secondary products like chemicals, fertilizer,…
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The Federal Government plans to raise the daily oil production from 1.4 million barrels per day (bpd) to four million bpd, President Muhammadu Buhari hinted on Monday.Nigeria, which has daily capacity to produce 2.5 barrels, produces…
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The United Nations Children’s Emergency Fund (UNICEF) will, this year, spend $10 million to procure ready-to-use therapeutic foods (RUTF).This is among the global agency’s efforts to combat disabilities and deaths resulting from acute…
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The Secretary General, Organisation of Petroleum Exporting Countries( OPEC), Dr Mohammad Barkindo, has disclosed that OPEC member countries lost about $1 trillion USD to oil price plunge in 2015 and 2016.Barkindo disclosed this in his…
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Saudi Energy Minister Prince Abdulaziz Bin Salman Al Saud and Russian Energy Minister Alexander Novak. Photo: ReutersRussia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May, Russian…
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Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman has stated in an interview with S&P Global Platts last week that Saudi Arabia is no longer an oil-producing country.“Saudi Arabia is no longer an oil country, it’s an…
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By Teddy NwanunobiNigeria's vast hydrocarbon field is for the exploitation of the participants at the ongoing fourth edition of the Nigerian International Petroleum Summit (NIPS), President Muhammadu Buhari said on Monday, while…
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The Nigerian Content Development and Monitoring Board (NCDMB) has approved four firms for the supply of Barites required for any drilling project or contract in the Nigerian oil and gas industry.The four Barites processors are Nishan…
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