FG Pledges Commitment to Support Local Refining
…Applauds NCDMB, Waltersmith for the 30,000 bpd modular refinery
-By Benjamin Ike
The Federal government has pledged its commitment to support indigenous petroleum production and refining in order to boost local refining capacity!-->!-->!-->!-->!-->…
Read More...
Read More...
LADOL Industrial Economic Zone Attracts Investors, Rake in USD 500 million
-By Kenny Folarin
The Managing Director of Lagos Deep Offshore Logistic Base LADOL, Dr. Amy Jadesim has said that her industrial base which is 100% indigenous economic zone has attracted Investors with USD 500 million into the Zone,!-->!-->!-->…
Read More...
Read More...
IOCs, Drone Makers Collaborate on Data Collection
-By Gideon Osaka
International oil companies and drone makers are collaborating to develop custom – made drones with data collection technology to obtain real-time insights, according to United Kingdom – based, GlobalData, a leading!-->!-->!-->…
Read More...
Read More...
OPEC+ Succumbs to Saudi Pressure to Redistribute Oil Cuts
-By Gideon Osaka
The Organisation of Petroleum Exporting Countries, OPEC+ is expected to adjust its output target and redistribute production cuts between its members as a result of pressure from Saudi Arabia, which has long carried an!-->!-->!-->…
Read More...
Read More...
NEITI Unveils Beneficial Ownership Register to Strengthen Transparency, Accountability in the…
-By Kehinde Folarin
In furtherance of the quest to ensure transparency and accountability in the Extractive Industry, the Nigeria Extractive Industries Transparency Initiative (NEITI) penultimate Thursday unveiled the Beneficial!-->!-->!-->…
Read More...
Read More...
Nigeria Oil Spill Worsens as Oil Companies Flout NOSDRA’s Directive
-By Fred Ojiegbe
Oil spills have been a perennial issue in the Niger Delta as there are estimated 40 million liters of crude oil spilled annually, which results in huge casualties and damage to the local ecosystem.
In a study by!-->!-->!-->!-->!-->…
Read More...
Read More...
Nigeria’s November Rig Count Improves by 2, as OPEC Records Minus 3
-By Gideon Osaka
Nigeria’s current rig count showed an upward move, as the country saw an improvement by two, as it recorded 20 in November as against 18 recorded in October, data from the latest Organisation of Petroleum Exporting!-->!-->!-->…
Read More...
Read More...
Buhari, NNPC GMD, Sylva meet over Iran – US tension, oil price
Buhari who doubles as the country’s Minister of Petroleum Resources met with Sylva at about 3pm to 3.41pm at the Presidential Villa, Abuja.
President Muhammadu Buhari
President Muhammadu BuhariNigeria’s President, Muhammadu Buhari,!-->!-->!-->!-->!-->…
Read More...
Read More...
‘Urgent, holistic legal reform needed in Nigeria’s oil, gas sector’
A Professor of Law and Director, Institute for Oil, Gas, Energy, Environment and Sustainable Development (OGEES Institute), Afe Babalola University, Ado Ekiti, Damilola Olawuyi has said most of the legal framework in the nation’s oil and!-->…
Read More...
Read More...
Oil price: FG revenue shrinks as petrol subsidy rises
Lower amounts of revenue might be available for sharing by the three tiers of government through the Federation Accounts Allocation Committee (FAAC) in the coming months as the cost borne by the Nigerian National Petroleum Corporation!-->…
Read More...
Read More...

