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The continued delay in the reform of the Nigerian petroleum industry has resulted in the loss of at least $20billion indirect investments annually, Nigeria Natural Resource Charter (NNRC) has disclosed. This information was given during…
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The Director of Petroleum Resources, Engr. Sarki Auwalu has inaugurated the network code operationalisation teams for the full implementation of the Nigeria Gas Transportation Network Code (NGTNC) which was recently launched by the…
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The 19th Joint Ministerial Monitoring Committee (JMMC) was held via videoconference, today, Thursday, 18 June 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and…
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The Nigerian National Petroleum Corporation (NNPC) has commenced the search for hydrocarbon in parts of Niger, Kwara and Kogi States, the Group Managing Director (GMD), Malam Mele Kolo Kyari, has disclosed. Kyari said in Minna during a…
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OPEC + sources said that the group's technical experts had not decided on any recommendations for a further extension of a record cut in oil supplies during talks on Wednesday. The sources added, according to Reuters, that the experts…
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In its determination to unearth scalable solutions to some of the biggest challenges confronting the nation’s oil and gas industry, the Nigerian Content Development and Monitoring Board (NCDMB) in partnership with Learners Support…
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The number of electric cars on the road is expected to reach almost 10 million this year, as sales grow this year despite the Covid-19 pandemic, according to a new report by International Energy Agency. Electric car sales are expected…
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...During its meeting tomorrow, Thursday The Russian "TAS" agency quoted two informed sources as saying that the OPEC + Ministerial Monitoring Committee, which is scheduled to hold a meeting tomorrow, may consider extending the cuts…
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For the third day in a row, oil prices declined with the opening of Asian markets, but they rose later in the past two days. Will this happen today as well? Oil prices fell by about 2% Wednesday morning, where Brent crude fell by 63…
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*Initiatives are being embarked on by the Nigerian National Petroleum Corporation to achieve profitability and cushion the effect of crude oil volatility This is not the best of time for economies and business entities. The effects of…
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