The Chief Executive Officer (CEO), Seplat energy Plc, Mr. Roger Brown has opined that Africa has the capacity to solve its own problems by leveraging its abundant gas reserves. Speaking during the ongoing Africa Oil Week (AOW) Conference and Exhibition…
The Minister of Petroleum (Oil), Heineken Lokpobiri, has said the country is expecting an impressive sum of $50 billion in investment in the oil sector. Lokpobiri made this disclosure in a statement on Wednesday during an interactive session with members…
…Economy not ripe for full deregulation — CCPE …Increase will further deepen poverty, jobs lost — NLC By Seun Ibiyemi Following the further increase in the petrol pump price by the Nigerian National Petroleum Company Limited (NNPCL), stakeholders have decried…
The Federal Government has approved Dangote Refinery as the exclusive supplier of jet fuel for Nigeria’s airline operators. This was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, during an interview with Channels TV on Tuesday. Keyamo…
Dangote oil refinery is poised to process up to 400,000 barrels of crude per day (bpd) over the next two months and will reach full capacity in the coming months. According to a cargo allocation list, the massive plant near…
An economic think tank, Agora Policy, has demanded a review of the Petroleum Industry Act (PIA) following the decline in the dividend by the Nigerian National Petroleum Company (NNPC) Limited to the federation account. The company’s dividend to the federation…
A legal practitioner with specialisation in Oil & Gas, Paul Obi, SAN has stated the NNPC Ltd refineries if operational alongside the Damgote refinery will reduce the hardship of Nigerians Fielding questions from journalists after being conferred the prestigious rank…
Oil prices continued their upward momentum on Monday, with Brent crude approaching $80 per barrel, extending last week’s sharp rise—the steepest since early 2023. The surge is driven by escalating concerns over a broader Middle East conflict and the potential…
The Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria (SCiN), Osagie Okunbor, has received an “Award of Excellence to an Astute and Visionary Technocrat” from the newly instituted executive leadership…
The Nigerian Content Development and Monitoring Board (NCDMB) has disclosed that the shortened contracting cycle for projects in the oil industry to six months is fostering increased investments. Recall that President Tinubu issued three Presidential Directives which became effective from…
