The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has assured that the corporation would no longer render free service to the federal government once the firm becomes fully commercialised in coming months. NNPC boss made this disclosure…
Dangote oil refinery complex being built in Nigeria by a company owned by Aliko Dangote, Africa’s richest person, will cost more than double the amount originally projected. “Our capex will almost go to $19 billion by the time we finish,” Devakumar Edwin,…
By Alao Matthew Total Nigeria Plc has appointed Dr. Samba Seye as the new Mangaing Director of the company. Seye would be replacing Mr. Imrane Barry who has been re-assigned to TotalEnergies SE Headquarters in Paris from his previous position…
The Organization of Petroleum Exporting Countries (OPEC) and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stumble. The coalition led by Saudi…
The Nigerian National Petroleum Corporation, (NNPC) and Chevron Nigeria Limited Joint Venture have donated modern medical equipment worth millions of Naira to the Oporoza Andy Tsekelewu Cottage hospitals in Egbema-Gbaramatu kingdoms as well as the Government hospital in Ogidigben. The…
The Department of Petroleum Resources (DPR) has said that the Federal Government’s plans to increase the nation’s oil and gas reserves, are on course and being boosted by strategic policies and programmes. The Head, Public Affairs, Mr Paul Osu, of…
The Nigerian National Petroleum Corporation (NNPC) has said that it is considering an initial public offer (IPO) of its shares after declaring profit for the first time in its 44 years of operation in the 2020 financial year. This is…
The Minister of Science, Innovations and Technology, Dr. Ogbonnaya Onu has said that the Federal Government would create new jobs from Nigeria’s 206.53 trillion cubic feet proven gas reserves. The Minister stated this at the sensitisation on methanol fuel production…
The Federal Government has implemented a 7.5 per cent tax on imported Liquefied Petroleum Gas, popularly called cooking gas, as the cost of the commodity leap by over 100 per cent within a period of eight months. It was gathered…
The Department of Petroleum Resources (DPR) says the reorganisation of the agency is in line with the Federal Government’s aspirations for the oil and gas industry and to ensure delivery of its regulatory mandate. Mr Paul Osu, Head, Public Affairs,…
