Foropa, a fishing settlement along the Atlantic coastline in Southern Ijaw Local Government Area of Bayelsa, has reported a ‘mystery’ oil spill that left the coastline polluted. Mystery spills refer to crude oil leaks from unknown sources where there are…
Richard Kennedy has announced his retirement as Chairman/Managing Director of Chevron Nigeria Limited. In a statement yesterday by Chevron’s General Manager on Policy and Government Affairs, Esimaje Birkinn, Kennedy elected to retire after almost 40 years of service to the…
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have harped on the necessity of both agencies of government to explore collaboration. Speaking on the benefits of collaboration,the Executive Secretary of the NCDMB,…
The Nigerian National Petroleum Company Limited is expected to supply four crude oil cargoes from its February programme to the $20 billion Dangote refinery. Dangote refinery, which is poised to begin operations after years of construction delays, is to get…
The Nigerian National Petroleum Company (NNPC) Ltd 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.…
Dangote Refinery is set to commence production with the delivery of the final batch of crude oil, the company disclosed in a statement on Monday. The company said that it is set to commence production of refined petroleum products with…
Oil prices on Tuesday appreciated by 2 percent as the Middle East crisis and a Libyan supply outage pared the previous day’s heavy losses. Brent crude futures settled $1.47, or 1.9 percent, higher at $77.59 a barrel, while U.S. West…
Some power experts have said that unbundling of the Transmission Company of Nigeria (TCN) would lead to increased efficiency, performance and realisability of power in the country. The experts disclosed this in separate interviews with journalists on Monday in Lagos.…
Dangote Group has declared that it has recorded the final batch of crude oil to enable it commence production. The company in a statement on Monday said that it is set to commence production of refined petroleum products with the…
The Nigerian Electricity Regulatory Commission has expressed concern over the electricity load rejection by power distribution companies despite the blackout witnessed in many parts of Nigeria. It threatened to enforce appropriate regulatory actions against DisCos that fail to meet the…
