Tag: Oil and Gas
NPDC Adopts Modern Technology to Monitor Oil Pipeline
The Nigeria Petroleum Development Company (NPDC)/ND Western OML 34 Asset Management Team (AMT) says it has commenced the use of modern technology for effective monitoring ... Read More
Oil prices rise on trade deal hopes, OPEC supply cuts
Oil prices rose on Monday, buoyed by output cuts by OPEC and reports that the United States and China are close to a deal to ... Read More
Nigeria loses $16bn to PSC – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI)said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing ... Read More
Oil Edges Up As Market Eyes Tighter Supply
Oil prices edged up on Tuesday buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC. ... Read More
We are Committed to Making Refineries Fully Functional Before The End of 2019 – Kachukwu
The Minster of State for Petroleum, Dr Ibe kachukwu, has said that it would be sad if the nation’s refineries are not functional by the end ... Read More
Oil, Gas Export Sales up to $416m – NNPC
The Nigerian National Petroleum Corporation (NNPC) says a total of crude oil and gas export sales of 416.07 million dollars was realised in June, which ... Read More
Economic Diversification Depends on The Success of Oil and Gas – SPE
Stakeholders in the oil and gas industry on Tuesday said the success of economic diversification policy of the Federal Government depends on the success of ... Read More
PIB: NNPC challenges Consultant to NASS
PIB: NNPC challenges Consultant to NASS By Edith Ike-Eboh Nigeria National Petroleum Corporation (NNPC) has challenged the consultant to the National Assembly on Petroleum Industry ... Read More
Varsity Invents Software Game for Oil Industry
Federal University of Petroleum Resources, Effurun, Delta has invented a software game for training students and others to stimulate their interests in the oil and ... Read More
FG to Oil Stakeholders: Provide Accurate and Up-to-date Data
Dr Folasade Yemi-Esan, the Permanent Secretary, Ministry of Petroleum Resources on Monday urged oil and gas stakeholders to collate accurate, up-to-date data for the industry. ... Read More
Fuel Scarcity: Motorists Buy Petrol With Ease in Cross River
As fuel scarcity and hike in pump price bite harder in some states of the federation, the product situation remains stable in Calabar, the News ... Read More
FG Rolls Out Incentives for Economic Growth
The Federal Government has developed incentives for the various sector of the economy to accelerate growth, the Minister of State for Labour and Employment, Prof. ... Read More
Oil Bidding Rounds: Publicity Mechanism Would Be Activated For Interested Participants – DPR
The Management of the Department of Petroleum Resources (DPR) said the department will publicize the process to participants and investors if given requisite by the ... Read More
Pipeline Vandals Are Destroying The Economy – NNPC GMD
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru has appealed to oil pipeline hackers to desist from such nefarious act ... Read More
Niger Delta can be developed like Dubai – Minister
Niger Delta Affairs Minister, Mr Usani Uguru Usani, has urged investors and other stakeholders to support the government to initiate infrastructure projects for speedy development ... Read More
NNPC Woos Investors, Showcases Multi-Billion Dollar Investment Opportunities
Dr. Maikanti Kacalla Baru On Ivestment Opportunities In its bid to woo investors, the Nigerian National Petroleum Corporation (NNPC) has unveiled multi-billion dollar investment opportunities ... Read More
#Breaking; Court Orders Forfeiture Of Patience Jonathan’s $5.8m
Former First Lady, Dame Patience Jonathan The Federal High Court sitting in Lagos on Wednesday granted a fresh ex parte application filed by the Economic ... Read More
Operators Form Group To Materialize Government’s Proposal For Modular Refineries
Operators of artisanal refineries in the Niger Delta have formed a group to actualised the Federal Government’s plan to establish community-based modular refineries in the ... Read More
NNPC Set To Strengthen Its Anti-Corruption Drive
The Nigerian National Petroleum Corporation, NNPC has pledged to strengthen the Anti-Corruption war across its value chain to ensure efficiency and optimization of resources. This ... Read More
Niger Delta to Become More Vibrant, Dynamic Economic Zone Soon – Ag. President Prof. Yemi Osinbajo
In continuation of a series of interactive engagements with leaders in oil-producing communities in the Niger Delta region, the Ag. President, Prof. Yemi Osinbajo interacted ... Read More