By Emmanuella Anokam The Nigerian Government says it is committed to fostering a business-friendly environment in the oil and gas sector following the decision of Shell Plc to sell its Nigerian onshore oil assets to a consortium of local companies Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil),Continue Reading
UK firm praises Petroleum Minister for appointing Nsa as AdvisorContinue Reading
By Edeki Igafe The Federal Government has warned crude oil thieves to desist forthwith or faced the full wrath of the law. Gen. Christopher Musa, Chief of Defence Staff (CDS), gave the warning on Monday during an on-the-spot inspection of an impounded vessel in Oporoza, Warri South-West Local Government AreaContinue Reading
By Yusuf Yunus The 650,000 barrels Dangote Refinery, the world’s largest single train located in Lekki, Lagos has commenced production. This was confirmed to the News Agency of Nigeria (NAN) by Mr Anthony Chiejina, Group Head Corporate Communications, Dangote Group on Friday in Lagos. Chiejina said that the company startedContinue Reading
By Emmanuella Anokam The Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission, Mr Gbenga Komolafe, is seeking enhanced collaboration with the Nigerian Police toward curbing oil theft in the country. The CCE said the collaboration would help to arrest the daunting challenge of oil theft in Nigeria’sContinue Reading
By Naomi Sharang The Federal Government says it has developed a roadmap to end crude oil theft in the country. Gov. Hope Uzodimma of Imo and the Chairman, Crude Oil Theft and Management Committee of the National Economic Council (NEC), said this when he briefed newsmen shortly after aContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company (NNPC) Limited says it recorded a profit of N2.548 trillion in 2022. The national oil company in its 2022 Financial Performance Report posted online described the profit as the highest since its inception in 1977. The financial report stated that it recordedContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company (NNPC) Limited has gifted N200,000 Premium Motor Spirit (PMS) voucher to a lady identified as ‘Mummy Zee’ after being mocked online for waking up to cook for her husband at 4:50 a.m. NNPC Ltd. disclosed this on Saturday in a tweet sharedContinue Reading
By Emmanuella Anokam A Chinese firm, Beijing Zhogmin Xinjunlong New Energy Technology Company Ltd. and NIGUS International, a Nigerian firm, have signed a $1 billion agreement to fund and develop gas flaring solutions for Nigeria. The News Agency of Nigeria (NAN) reports that the pact signing held on Friday inContinue Reading
By Emmanuella Anokam, News Agency of Nigeria (NAN) With over 200 trillion cubic feet (tcf) Nigeria has the largest gas reserves in Africa. It is ranked 9th globally. Given our high dependence on oil and gas for industrial and domestic energy the global transition from carbon fuel to sustainable energyContinue Reading
