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Group Managing Director of the Nigeria National Petroleum Corporation, (NNPC), Dr. Maikanti Baru, has said oil exploration in the North would continue until the commodity is found, TheSun reports. Baru said this would enable the…
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It will be recalled that the Independent Petroleum Marketers Association (IPMAN) had, said plans were underway to increase the pump price of petrol above the current N145. Speaking with journalists at the pavilion of the NNPC during the…
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Nigeria’s Petroleum Minister Emmanuel Ibe Kachikwu admitted that reducing oil production to the quota assigned by OPEC is a challenge, not least because of the start of production at the Egina oil field. The offshore field will have a…
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The Executive Board of the International Monetary Fund (IMF) has concluded its Article IV consultation with Nigeria and called for the removal of fuel subsidy. According to a statement by the fund, this afternoon, in place of fuel…
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The non passage of the Petroleum Industry Bill (PIB) has been identified as the sole reason delaying the review of the Production Sharing Contracts (PSCs) with oil companies, Managing partner, J.O Adidi and Co., John Adidi, has said. …
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Seplat Petroleum Development Company Plc, has urged the public and private sectors to invest more in research and development aimed at promoting safety. The oil company noted that such investments should cut across the various sectors…
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Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has assured the Federal Government that oil workers may not embark on another round of industrial action if the plans by the Nigerian National Petroleum Corporation…
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A modular refinery company, Crown Refinery & Petrochemical Limited, Wednesday, partnered the Ondo State Government in the core business of refining crude oil into premium petroleum products. At the Memorandum of Understanding (MoU)…
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Troops of the Joint Task Force in the Niger Delta code-named Operation Delta Safe (OPDS) have carried out a joint operation in Bayelsa State, seizing a tugboat named ‘Aya Oba Olori II’ and a barge, ‘Rampage 13’, loaded with over 200,000…
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Oil producing communities in the Niger Delta region Thursday lamented the refusal of Shell Petroleum Development Company (SPDC) to comply with the resolution of the Senate to pay them the sum of N6.9 billion. The Senate resolution was…
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