Tag: Oil

NNPC, Partners Resolve OML 130 Dispute

Henry Solomon- August 8, 2020

The Nigerian National Petroleum Corporation (NNPC) has agreed with its partners to settle all outstanding issues surrounding the development of Oil Mining Lease (OML), 130. ... Read More

FG Gives Explanation on Deregulation of Oil Downstream Sector

Henry Solomon- July 9, 2020

The Minister of State for Petroleum Resources Chief Timipre Sylva says the deregulation of the downstream oil sector was to ensure economic growth and development ... Read More

FG, U.S. Sign $1.1m Grant for Electricity Development

Henry Solomon- February 11, 2020

The Federal Government and United State Trade and Development Agency have signed a 1.1million dollar grant to support electricity infrastructure development in Nigeria. The agreement ... Read More

Agency in Ministry of Petroleum Warns Local Oil, Gas Laboratory Scientists

Tanimu- October 9, 2019

Stakeholders have raised the alarm that Nigeria’s external reserves currently at $43.67 billion may further be depleted on account of some ill-equipped laboratories servicing its ... Read More

$9.6bn UK Judgment Would be Set Aside – FG

Henry Solomon- September 27, 2019

The Minister of Information and Culture, Alhaji Lai Mohammed has expressed optimism that the entire arbitration decisions and judgment debt of $9.6 billion against Nigeria ... Read More

Bauchi State Government Approves Establishment of Petroleum Institute

Henry Solomon- June 27, 2019

Bauchi State Government has approved the establishment of Petroleum Studies and Skills Acquisition Institute in the state. The information is in a statement signed by ... Read More

Gas Domestic Market: NNPC Gives Reasons for 3 Different Prices

Henry Solomon- August 8, 2018

The Nigerian National Petroleum Corporation (NNPC) says Nigeria’s effort at attracting investors into its gas utilisation drive and creating value for the economy is responsible ... Read More

Nigeria Lost Billions of Dollars Over Failure to Reform oil & Gas Industry – Dogara

Tanimu- May 15, 2018

Turaki Hassan, Abuja: The Speaker of the House of Representatives, Hon Yakubu Dogara, has stated that the new petroleum industry bill that the National Assembly ... Read More

Kyari Emerges OPEC National Representative

Tanimu- May 13, 2018

Ndu Nghamadu, Abuja: The Nigerian National Petroleum Corporation (NNPC) has announced the appointment of Mallam Mele Kyari, incumbent Group General Manager in charge of its ... Read More

NNPC Records $239.10 Million Crude Oil Export Sales

Tanimu- January 25, 2018

Ndu Ughamadu, Abuja: The Nigerian National Petroleum Corporation, NNPC posted a total crude oil and gas export sale of $239.10Million in the month of November, ... Read More

NNPC, ExxonMobil Fine-Tune Strategy for Improved Production

Tanimu- September 7, 2017

Ndu Ughamadu, Abuja: The Nigerian National Petroleum Corporation (NNPC) and its upstream joint venture partner, ExxonMobil, are seeking new measures to expand existing operational portfolio ... Read More

NUPENG Threatens To Strike In Abuja Over AMCON Dispute

Henry Solomon- July 28, 2017

The National  Union of Petroleum and Natural Gas Workers (NUPENG) has threatened to begin a strike in the Federal Capital Territory (FCT) over a dispute ... Read More

FIRS To Join Automatic Exchange Of Information To Reduce Tax Evasion

Abdul Jimoh- July 3, 2017

FIRS Boss On Tax Evasion The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler said the organisation plans to join the ... Read More

NCDMB: How to Improve Local Content For Optimum Value Creation

Suleiman Idris- March 15, 2017

Coming from an international oil company, many would expect that he will have bias for the segment. But the Nigerian Content Development and Monitoring Board ... Read More

NNPC Calls For Passage of PIB For Oil Industry Stability

Tanimu- March 13, 2017

Ndu Ughamadu, Abuja: The Nigerian National Petroleum Corporation (NNPC) has urged the National Assembly to pass the Petroleum Industry Bill (PIB) into law to dispel ... Read More

U.S Defense Chief Says Military Not In Iraq To Seize Oil

Henry Solomon- February 20, 2017

The U.S. military is not in Iraq "to seize anybody's oil", Defense Secretary Jim Mattis said, distancing himself from remarks by President Donald Trump before ... Read More

Economy: We Need Oil to Get Out of Oil – VP Osinbajo

Arowobusoye Samuel- November 14, 2016

Remarks by His Excellency, Vice President, Prof. Yemi Osinbajo, SAN, GCON at the presentation of three books by Honourable Minister of State for Petroleum Resources, ... Read More

OPEC Oil To Record Highest Output As Nigeria Awaits Signs

Henry Solomon- October 3, 2016

OPEC Oil OPEC  oil output is likely to reach its highest in recent history in September, a Reuters survey found weekend, as Iraq boosted northern ... Read More

Russia, Saudi Arabia agree cooperation on oil price but not freeze

editor- September 5, 2016

      The world's two biggest oil producers Saudi Arabia and Russia said Monday they had agreed to "act together" to try to stabilise ... Read More

OPEC oil output set to reach record high in July

editor- July 29, 2016

OPEC's oil output is likely in july to reach its highest in recent history, a survey found on Friday, as Iraq pumps more and Nigeria ... Read More