Court refuses to stop ex-NNPC GMD’s trial for alleged money laundering
Justice Ahmed Mohammed of the Federal High Court, Abuja, on Wednesday, declined to stop further proceedings in the trial of a former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, over!-->…
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FEC approves construction works worth over N137bn
The Federal Executive Council (FEC), on Wednesday, approved various civil works worth above 137 billion across the six geopolitical zones of the country.
Addressing State House Correspondents, Ministers of Works and Housing, and his!-->!-->!-->…
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Illegal oil bunkering will cripple Nigeria’s economy – EFCC
The Economic Financial Crimes Commission, EFCC, has said that illegal oil bunkering activities was capable of crippling the country’s economy, if left unchecked.
South South Zonal Head of EFCC, Usman Imam, said this while receiving four!-->!-->!-->…
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Global natural gas output to fall by 2.6% in 2020 – Rystad
Global natural gas output is set to fall by 2.6 per cent this year because of the impact of the COVID-19 pandemic, after previously being expected to grow, consultancy Rystad Energy said on Tuesday.
Rystad Energy had expected total!-->!-->!-->…
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Deutsche Bank completes $3bn hybrid corporate financing for NLNG
Deutsche Bank Luxembourg S.A. has completed a landmark US$3 billion Export Credit Agency (ECA)-backed hybrid corporate financing for Nigeria LNG Limited (NLNG) to develop the NLNG Train-7 Project, Global Legal Chronicle reported on!-->…
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Concerns mount over transparency of Nigeria’s 2020 Marginal Fields’ Bid Round
Industry players have expressed concerns about the transparency and credibility of the 2020 marginal fields’ bid round process being handled by the Department of Petroleum Resources (DPR), Nigeria’s oil and gas regulatory agency.
It was!-->!-->!-->…
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NNPC Produced 218.37billion Cubic Feet (BCF) of Natural Gas in March
…Records 47 Per cent decrease in pipeline vandalism
The Nigerian National Petroleum Corporation (NNPC) has said that 218.37billion Cubic Feet (BCF) of natural gas was produced in March 2020, translating to an average daily production of!-->!-->!-->…
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COVID-19: DPR EXPRESSES CONCERN, ADMONISHES OIL COMPANIES
The Department of Petroleum Resources (DPR) has expressed concern over non-compliance to established protocols aimed at the containing COVID-19 pandemic by some oil and gas companies.
The DPR, which is the regulator of the Nigerian oil!-->!-->!-->…
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$7.6bn Train 7 Project Underway As NCDMB, NLNG Hold EPC Contract Kick-Off Meeting
The Train 7 project is set to commence in earnest as the Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian LNG Limited Tuesday held the kick-off meeting of the Engineering, Procurement and Construction (EPC)!-->…
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OPEC kicks off 60th anniversary celebration today
The Organisation of Petroleum Exporting Countries (OPEC), today kicked off the celebrations of its 60th anniversary by holding a special technical workshop 'OPECat60' via videoconference.
The workshop was declared open by the!-->!-->!-->…
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