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By Teddy NwanunobiLow investment will affect Nigeria’s crude oil capacity, according to an International Energy Agency (IEA), which forecasts that it would drop by 200,000 barrels per day (bpd) to 1.6 million bpd (mbpd) in 2026 due to…
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The Nigerian Ports Authority (NPA) and the Nigerian Liquefied Natural Gas Limited (NLNG) have commenced moves to reduce carbon dioxide emission, and embrace the use of cleaner and safer sources of energy.Speaking at the just concluded…
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By Teddy NwanunobiOil prices gained early on Tuesday, following a drop in the U.S. dollar, which made crude a more attractive buy, paring losses of more than 4 per cent incurred overnight on the prospect of producers returning more…
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By Teddy Nwanunobi The duo of the Nigerian National Petroleum Corporation (NNPC) and Maire Tecnimont have signed a $1.5 billion contract to repair the Port Harcourt Refinery.The contract is expected to run in three phases of 18…
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The Nigerian government has revoked the four Production Sharing Contracts (PSCs) operated by Addax Petroleum in the country.The PSCs are in respect of Oil Mining Leases (OMLs) 123, 124, 126 and 137, all operated by Addax Petroleum…
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Images from the historic Sign-off Ceremony of Engineering, Procurement & Construction (EPC) Contract for the Rehabilitation of Port Harcourt Refining Company (PHRC) between NNPC and Tecnimont SpA at the NNPC Towers, today:…
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Managing Director of Rain Oil Limited, Dr.Gabriel Ogbechie has said Nigeria would be able to generate over N10 billion ($27 million) annually if 50 per cent of kerosene users can switch to using Liquefied Petroleum Gas (LPG) or cooking…
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Operatives of the Delta State Police Command have arrested three persons for allegedly vandalising armored cables and other electrical installations at the Warri Refinery and Petro-Chemical Company (WRPC) in Ekpan, Uvwie Local Government…
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Standard Chartered Bank (StanChart), alongside three other banks, acted as Global Coordinator for Seplat’s $650 million five-year bond. The bond, priced at a yield and coupon of 7.75 per cent, a significant improvement over the 9.25 per…
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The world football governing body boss has congratulated the Nigerian football administrator Amaju Pinnick on his success at the 43rd CAF Ordinary and Elective General Assembly polls held recently.FIFA President Gianni Infantino is…
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