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The Department of Petroleum Resources (DPR) has launched new upstream guidelines with the aim to promote efficiency, transparency and accountability in the sector. Speaking at the Annual Rig & Vessel Stakeholders Regulatory Workshop…
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The House of Representatives Wednesday mandated its committee on petroleum resources (downstream) to investigate allegations of alleged withholding of N1.343 trillion internally generated revenue by the Petroleum Products Pricing…
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Indigenous oil and gas companies have accessed 70 per cent of the Nigerian Content Development Monitoring Board, NCDMB’s, $200 million local content fund. This was revealed by the Board’s General Manager, Corporate Communications and…
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The Nigerian National Petroleum Corporation (NNPC) has signed a partnership with Nigeria Agip Oil Company (NAOC) to boost reserve base. In a statement released by the corporation, the Group Managing Director of NNPC, Mele…
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The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, yesterday in Abuja, received a delegation of the key top management of Seplat Petroleum Development Company Plc. The delegation led by the Chairman of…
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President Muhammadu Buhari today okayed Hyundai Engineering Company Limited to set up a car plant, and also rehabilitate petroleum refineries. This was contained in a statement released Tuesday by Special Adviser to the President…
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…As Iraq remains the ‘bad boy’ of the cartel Organization of Petroleum Exporting Countries, (OPEC) has resolved to exercise critical compliance control on members after it came up with a resolution on Friday to deepen production cut by…
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-By Kenny Folarin Nigeria's average daily consumption of petrol has hit 67.66 million litres, indicating an increase of 33.89 million litres when compared to daily consumption figures recorded in September 2019. A Petroleum…
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Latest data from the Petroleum Products Pricing Regulatory Agency (PPPRA) indicates that petrol under recovery (commonly called subsidy) is now N21.22Kobo per litre. Data from the agency also shows that the average daily truck-out…
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The three refineries owned by the Federal Government lost a total of N111.27bn from January to September this year, the Nigerian National Petroleum Corporation said in its September report. The refineries posted a loss of N96.31bn in…
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