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-By Yange Ikyaa The Nigerian National Petroleum Corporation (NNPC) has described as untrue insinuations that plans are afoot to relocate its gas trading subsidiary, the Nigerian Gas Marketing Company Limited (NGMC), from Warri to Abuja.…
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-By Yange Ikyaa The Minister of Energy, Industry and Mineral Resources of the Kingdom of Saudi Arabia, H.E. Khalid bin Abdulaziz Al-Falih has expressed the strong readiness of his country to sign a Memorandum of Understanding (MoU)…
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Saudi Arabia has hinted on the possibility of building an independent refinery in Nigeria. Khalid Al-Falih, the kingdom’s minister of energy, industry and mineral resources, gave the hint during a meeting with Ibe Kachikwu,…
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No less than Five oil wells are currently ablaze in Ondo State. It was assembled that fire broke out on Thursday morning in Ajegunle-Ikorigho community and spread to parts of Ojumole which is situated in Ikorigho land. The oil…
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In a bid to resuscitate the country’s refineries, the Minister of State for Petroleum Resources, Ibe Kachikwu, has revealed that Nigeria needs about N900 billion ($2.5 billion) before it could put back the nation’s refineries to proper…
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-By Yange Ikyaa Aiteo Group has said it suspects third party breach of its oil facility, the Nembe Creek Trunk Line. In a statement issued by Ndiana Matthew, who is the head of corporate communications for Aiteo Eastern…
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The Nigerian army has destroyed one of the biggest illegal oil camps in the Niger Delta controlled and operated by oil thieves, local media report. The soldiers, according to the reports, destroyed 700 oil drums, 150 storage tanks, and…
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The Integrated Data Services Limited (IDSL), the premier geological and geophysical subsidiary of the Nigerian National Petroleum Corporation (NNPC), said it is aggressively boosting its seismic data acquisition technologies and capacities…
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An oil company in Nigeria, Aiteo Oil Exploration and Production Company is declaring a “force majeure” shutdown after a fire. The temporary closure is expected to cut Nigeria’s oil production by about 8 percent per day. Aiteo Oil…
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President Muhammadu Buhari has asked Qatar to invest in Nigeria’s refineries, power, economy and other sectors as he attempts to improve bilateral relations between both countries. The President played host to the Emir of Qatar, His…
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