Updates from the ongoing NIPS (Day 3)
The opening ceremony of the Nigeria International Petroleum Summit covered an extensive range of opinions that provided delegates with a refreshing and holistic perspective of the current state of play in the global oil and gas industry!-->…
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NNPC begins work on establishment of biofuel refinery in Kogi
The Nigerian National Petroleum Corporation (NNPC) has begun work on the establishment of Biofuel refinery at Alape in Kogi State.
The Leader of the team, Renewable Energy Department of the NNPC, Mr Danjuma Yakubu who disclosed this!-->!-->!-->…
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Nigeria Petroleum Summit DAY 1:
*Welcome Cocktail Reception/Ice Breaker of the Nigeria International Petroleum Summit held Sunday at the Transcorp Hilton Hotel, Abuja
The Honourable Minister of State for Petroleum Resources, Timipre Marlin Sylva in his welcome speech,!-->!-->!-->…
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NNPC decries rising spate of pipeline vandalism
• As attacks on pipeline surge to 94 per cent
The Nigerian National Petroleum Corporation (NNPC) has decried the rising spate of pipeline vandalism as the attacks on pipeline infrastructure increased by 94 per cent in one month.
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NNPC records 16% increase in gas supply to power in November
The Nigerian National Petroleum Corporation said the daily average natural gas supply to gas-powered plants in November 2019 increased by 16.53 per cent to 645 mmscfd.
The Corporation disclosed this in its Monthly Financial and!-->!-->!-->…
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25% drop in PMS revenue, high cost of sales put MRS in N1bn loss in 2019
MRS Oil Nigeria has announced its unaudited financial statement for 2019, which shows that the downstream firm recorded a loss after tax of N1.1 billion during the period.
The loss was caused by a 28 per cent fall in the company’s!-->!-->!-->…
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Nigeria’s petroleum ministry moves to attract fresh US investments
The Ministry of Petroleum Resources is looking to attract more investments from the United States and strengthen cooperation in the energy sector.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, was part of the!-->!-->!-->…
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Huawei to launch Digital Oilfield IOT Solution at The NIPS 2020
Huawei is expected to launch its Digital Oilfield IOT Solution NIPS2020. Nigeria is one of the largest and oldest oil producers in Africa. The oil and gas sector is one of the most important sectors in the country’s economy, accounting for!-->…
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Nigeria’s petroleum ministry moves to attract fresh US investments
The Ministry of Petroleum Resources is looking to attract more investments from the United States and strengthen cooperation in the energy sector.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, was part of the!-->!-->!-->…
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Oil marketing firms in Nigeria post N7.06bn annual profit decline
Most of the major players in the downstream sector of the nation’s oil and gas sector saw their profits drop last year, according to official data collated by our correspondent on Wednesday.
An analysis of the financial statements of!-->!-->!-->…
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