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The continued delay in the reform of the Nigerian Petroleum Industry has resulted in the loss of not less than $20billion in direct investments annually, Nigeria Natural Resource Charter (NNRC) has disclosed. This was part of the…
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Dr. Yury Sentyurin, the Secretary-General of Gas Exporting Countries Forum (GECF), has said that as most economies around the world are easing their COVID-19 measures and reopening production facilities, the fall in global demand for gas…
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The Nigeria Extractive Industries Transparency Initiative (NEITI) has described as laudable, the decision of the Nigeria National Petroleum Corporation (NNPC) to make public its audited accounts for the first time in its history with the…
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The Ministerial Council of African Petroleum Producers’ Organization, APPO, concluded its 38th Session on Monday, 15th June, 2020 with far reaching decisions on the future of the Organization. The Ministerial Council approved the…
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The Nigerian Navy Ship Delta has discovered a newly-constructed illegal refining site around Bennett Island in Warri South LGA of Delta State. Military spokesman, Major General John Enenche, who disclosed this in a statement on Monday,…
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•Insist on overhaul amid N154 billion losses in refineries In its first-ever audited report, the Nigerian National Petroleum Corporation (NNPC), revealed that it posted over N1.01 trillion profit from its venture marketing subsidiary,…
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The Department of Petroleum Resources (DPR) has unveiled its strategic plan and policy actions for the survival and success of participants in the nation’s oil and industry post Covid-19. The Director of DPR, Engr. Sarki Auwalu, listed…
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Oil prices fell on Tuesday morning in the Asian markets, with fears increasing that the second wave of the spread of the Corona virus would threaten the recovery of oil demand, despite news of reduced production, including Iraq, and…
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The Nigerian National Petroleum Corporation (NNPC) often criticised for being opaque has begun taking steps to shine the light on its activities by publishing its audited accounts and opening its data for quicker audit review. The NNPC…
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The Dangote oil and gas refinery remains on track to be operational in early 2021 despite the disruption caused by the COVID-19 pandemic, group executive director Devakumar Edwin tells the Africa Report. The impact of the delay will…
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