‘Decade of Gas’ will be Highly Beneficial for Nigeria — Dr. Nnadi
Dr. Goddy Nnadi, an accomplished administrator, is the General Manager (Corporate Services) of the Petroleum Equalisation Fund (PEF). Exuding confidence and passion in his duties as the GM (Corporate Services), Nnadi has contributed!-->…
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NNPC sheds light on Revenue Projection to AGF
…Pledges to Optimize Cost, Boost Remittance to FAACThe Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the!-->!-->!-->…
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Shell’s Q1’21 Profit Grows to $3.23bn
By Teddy Nwanunobi
Anglo-Dutch, Shell, on Thursday, revealed that it has grown its profits to $3.23 billion in the first three months of the year, and has also raised its dividend as planned.It, however, warned that the outlook!-->!-->!-->!-->!-->…
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Seplat Announces $28m PBT in Q1’21
By Teddy NwanunobiSeplat Petroleum Development Company (SPDC) Plc’s unaudited results for the three months ended March 31, 2021 showed a rise in revenue by 16.8 per cent to $152.4 million, with increased operational efficiencies and!-->!-->!-->…
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Confusion Hovers Over Four Oil Wells Restored by Buhari
*As New Partners Set to Pay $340m
By Teddy NwanunobiJust one week after President Muhammadu Buhari overruled the Department of Petroleum Resources (DPR), and restored four drilling permits that were initially revoked from China’s!-->!-->!-->!-->!-->…
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Can Nigeria Fly on Gas?
-By Teddy NwanunobiNigeria is blessed with an abundance of mineral resources but over the years, the country has depended so much on oil. The over reliance of black gold has led to the near abandonment of the development of the other!-->!-->!-->…
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Engr. Sarki Auwalu: Director/CEO, Department of Petroleum Resources (DPR)
-By Danlami Nasir IsahEngr. Sarki Auwalu, who was born in 1965, is a chemical engineer by training. Before joining the Department of Petroleum Resources (DPR), Auwalu had a good record of sterling academic accomplishments. He attended!-->!-->!-->…
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Global Oil Demand Expected to Spike in 2021 — IEA
-By Fred OjiegbeContrary to expectations, global oil demand estimate for 2021 is expected to spike, pointing to further signs that the world economy is recovering faster than previously thought, particularly in the United States of!-->!-->!-->…
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Hope Alive for $2.6bn AKK Gas Pipeline Project
-By Teddy NwanunobiOn Thursday, April 8, the Nigerian Railway Corporation (NRC) began the haulage of line pipes from Warri, Delta State in Southern Nigeria to Itakpe, Kogi State in North-Central Nigeria. That was a “major boost in the!-->!-->!-->…
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Refineries Repair: Post Rehab Operations, Ownership Raise Concerns
-By Gideon Osaka
What would become of the refineries, in terms of operation, ownership and maintenance, after the completion of the ongoing rehabilitation has become a major concern, and raised issues in the public burner?Valuechain!-->!-->!-->!-->!-->…
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