Tag: Oil and Gas

Army partners EFCC to end attacks on oil, gas pipelines in Rivers

Abdul Jimoh- August 19, 2020

The Nigerian Army says it is collaborating with the Economic Financial and Crimes Commission (EFCC) in Port Harcourt to end attacks on oil and gas ... Read More

ExxonMobil Nigeria Gets New Chief Executive

Henry Solomon- August 8, 2020

ExxonMobil on Saturday announced the appointment of Richard Laing as Chairman and Managing Director of its three affiliates in Nigeria. Mr Ogechukwu Udeagha, Manager, Media ... Read More

NPDC Adopts Modern Technology to Monitor Oil Pipeline

Henry Solomon- August 19, 2019

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

Arowobusoye Samuel- March 4, 2019

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

Arowobusoye Samuel- March 4, 2019

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

Suleiman Idris- February 6, 2019

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

Henry Solomon- October 4, 2018

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

Henry Solomon- October 4, 2018

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

Henry Solomon- August 7, 2018

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

admin- April 5, 2018

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

Arowobusoye Samuel- March 9, 2018

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

Henry Solomon- February 26, 2018

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

Henry Solomon- December 8, 2017

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

Henry Solomon- November 9, 2017

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

Henry Solomon- October 2, 2017

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

Henry Solomon- August 18, 2017

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

Arowobusoye Samuel- August 7, 2017

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

Abdul Jimoh- May 3, 2017

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

Abdul Jimoh- April 26, 2017

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

Henry Solomon- April 24, 2017

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