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*Impose N500m, 5 years jail term for offenders The House of Representatives on Tuesday approved the new revenue sharing formula from the Deep Offshore and Inland Basin Production Sharing Contract between Federal Government and…
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Africa’s largest oil refinery will deliver its fuels to Nigerian consumers via roads and sea ports and will effectively replace all of Nigeria’s fuel imports once fully operational, a company executive said on Tuesday. The 650,000…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN), Petroleum Tanker Drivers( PTD) and Independent Marketers Branch (IMB), have threatened to shut down the Mosimi depot of the Nigerian National Petroleum Corporation (NNPC)…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva Tuesday sought the reduction of the cost of crude oil from over $30 per barrel to less than $10 per barrel. He made the call in Abuja as the Special Guest of Honour at…
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The Federal Government on Tuesday said it was working on how to inject sanity into social media which it said was currently out of control. The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this at a press…
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The Department of Petroleum Resources has suspended further loading of fuel from depots and tank farms in Satellite Town and Ijegun with a view to addressing some environmental issues in the communities. The Assistant Director,…
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President of the Senate, Ahmad Lawan, on Monday, said that the Petroleum Industry Bill scheduled to be introduced by the National Assembly for consideration next year was not aimed at frustrating the operations of International Oil…
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The Nigerian National Petroleum Corporation, NNPC, said within the next 90 days, Nigerians would be able to know the actual volume of crude oil produced in the country, and the actual quantity of petroleum products imported the country. …
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The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said Warri and Kaduna refineries will be revamped in the first half of next year. Sylva said on Monday in Lagos that the rehabilitation of Port Harcourt refinery…
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In a world where digital trends have become a feature of life, the Nigerian National Petroleum Corporation (NNPC) has promised to explore more avenues to enhance downstream competitiveness using innovation and information technology. …
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