Tag: Oil and Gas
OPEC Secretary General Muhammad Sanusi Barkindo is Dead
Dr Muhammad Sanusi Barkindo, the outgoing OPEC Secretary-General was announced dead in the early hours of Wednesday by Mallam Mele Kyari the Group Chief Executive Officer, ... Read More
FG’s 20% Equity in Dangote, Other Refineries Will Guarantee Security – Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government decision to acquire 20 per cent equity stake in all private ... Read More
NOGEC: Bequeathing Legacy Of Buhari’s Administration – DPR Boss
The establishment of the National Oil and Gas Excellence Centre (NOGEC) by President Muhammadu Buhari at the beginning of this year has been described as ... Read More
NNPC posts $108m for crude oil, gas export sales in November – Report
The Nigerian National Petroleum Corporation (NNPC) has said that it achieved a trading surplus of 108.84 million dollars (about N13.43billion) for the month of November ... Read More
NITDA to Suppport NNPC’s Innovation in Petroleum Sector
(NAN) The National Information Technology Development Agency (NITDA) has reiterated its resolve to support the Nigeria National Petroleum Corporation (NNPC) to drive innovation in the ... Read More
Expert Calls on Citizens to Accept Deregulation Policy
Mr Joe Nwakwe, a former President, Society of Petroleum Engineers (SPE) says government needs to be encouraged in its efforts to ensure full deregulation of ... Read More
DPR Outlines 4 Cardinal Focus for Downstream Operations
The Department of Petroleum Resources (DPR) says it has outlined four cardinal focus for downstream operations in its bid to continue to enable business and ... Read More
Army partners EFCC to end attacks on oil, gas pipelines in Rivers
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
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
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