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Escalating tensions sweeping through Nigeria haven’t yet disrupted crude flows from Africa’s biggest oil producer in any meaningful way. A wave of protests against police brutality have taken place in the past few weeks, triggering a…
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Exxon Mobil Corp, has confirmed plans to lay off an unspecified number of employees as low oil prices force the company to delay major projects, its chief executive officer, Darren Woods said in an email to staff. Woods also mounted an…
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The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB). The News Agency of…
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Nigeria’s downstream sector still needs some sort of regulation to main sanity, according to Chairman, Major Oil Marketers Association of Nigeria, MOMAN, Mr. Tunji Oyebanji. Mr. Oyebanji made the assertion on the sideline of an energy…
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The scarcity of petroleum products is imminent in Nigeria as some depots have stopped loading-trucks, The Nation learnt on Wednesday. The Independent Petroleum Marketers Association of Nigeria (IPMAN ) National Vice President, Alhaji…
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The Department of Petroleum Resources (DPR) has said that the 5,000 barrels per day (bpd) Waltersmith Modular Refinery project is fully ready for operations. The Director of DPR, Sarki Auwalu, during a pre-commissioning visit to the…
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A new Investor, NESBITT Investment Nigeria, has taken over Peugeot Automobile Nigeria (PAN), with assurance to inject $150 million into the company in three years in retooling and upgrading the assembly line, working capital and …
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The Nigerian Content Development and Monitoring Board as well as stakeholders in the oil and gas industry, have opposed the proposed increment in the percentage of the Nigerian Content Development Fund from one per cent to two per cent, as…
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The Managing Director and Chief Executive Officer of Nigerian Railway Corporation (NRC), Engr. Fidet Okhiria, weekend disclosed that the Nigerian National Petroleum Corporation (NNPC) is currently discussing with management of NRC in…
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The Chairman, Major Marketers Association of Nigeria, MOMAN, and Managing Director of 11Plc, Tunji Oyebanji has said that Nigerians spent 10 trillion Naira in petroleum subsidy in ten years. He said this at the maiden webinar series…
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