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…firm plans expansion to 50,000pbd The Federal Government has applauded Waltersmith Petroman Oil Limited and the Nigerian Content Development and Monitoring Board (NCDMB) for their effective partnership that led to the…

The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Waltersmith Petroleum Oil Limited, will on Tuesday, September 15, 2020, host the Honourable Minister of Information and Culture, Alhalji Lai…

Energy Leaders Identify Diversification into Greener Energy as Priority for Long-Term Business Growth and Net-Zero Ambitions Gastech Virtual Summit Strategic Conference Featured the Gas, LNG and Energy Industry’s Most Powerful…

The Senate President, Dr. Ahmad Ibrahim Lawan on Thursday opened the training sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) for 1,000 youths from Yobe State, focussing on GSM phone…

Following President Muhammadu Buhari's approval of one year deferment of the 35 per cent import levy on electricity meters to help improve Nigeria’s electricity meter deficit, the Electricity Meter Manufacturers Association of Nigeria…

Eroton operates the OML 18 oilfield that covers a total area of 1,035 SQKM offshore Eastern Niger Delta (Swamp/Shallow Water) on behalf of the NNPC/Eroton Joint Venture (JV). Keeping faith with the terms of the Global Memorandum of…

Daniel Terungwa The Federal Government says the deregulation of the petroleum downstream sub-sector would enable it to rake in over N1trn annually for the development of the country. The Minister of State for Petroleum Resources,…

Daniel Terungwa The Attorney-General of the Federation, Abubakar Malami (SAN), says negotiation between the Federal Government and Process and Industrial Development better known as P&ID cannot be ruled out.He stated this during…

Daniel Terungwa Nigeria has asked a Milan court to order Eni and Royal Dutch Shell to pay $1.092 billion as an immediate advance payment for damages in one of the oil industry’s biggest-ever corruption scandals. In a report…

Nigeria can develop into the refining hub for West and Central Africa becoming a net exporter of refined products following federal government's new policies on alternative energy ,total deregulation,liberalization of the petroleum …

French energy giant, Total, on Monday announced that it has notified its partners on August 19 about its resignation from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin, 120 kilometers offshore…

By Ikenna Omeje The Senior Special Assistant to the President, Garba Shehu on Sunday said that history will be kind to President Muhammadu Buhari as he will be remembered as the President who made real contributions to…

Daniel Terungwa The Department of Petroleum Resources, DPR, has commenced the audit of petrol retail outlets across the country, and has ordered 9,000 petrol stations across the country to immediately initiate the upgrade of their…

Daniel Terungwa The Nigerian Maritime Administration and Safety Agency (NIMASA) has reinforced efforts to change the Terms of Trade for the affreightment of Nigerian crude oil from Free on Board (FOB) to Cost Insurance and Freight…

Daniel Terungwa The Government of Bayelsa State has solicited the partnership of the Nigeria Maritime Administration and Safety Agency towards establishing a maritime academy and developing its deep seaport. Governor Douye Diri…

By Ikenna Omeje An energy firm, Kariya Energy, has announced its plans to enter into various definitive agreement to acquire upstream and midstream oil and gas assets in Nigeria and five other African countries. In a…

By Ikenna Omeje The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed the National Oil Spill Detection and Response Agency (NOSDRA) report that it spilled 45,000 barrels of oil from an incident at its…

By Ikenna Omeje The Nigerian National Petroleum Corporation (NNPC) on Tuesday dismissed the allegation that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was inflated to the tune of $1.5 billion, describing…

Daniel Terungwa The Government of Bayelsa State has solicited the partnership of the Nigeria Maritime Administration and Safety Agency towards establishing a maritime academy and developing its deep seaport. Governor Douye Diri…

Daniel Terungwa The Federal Government is no more going to be releasing guiding price bands for the sale of Premium Motor Spirit, popularly called petrol, at filling stations. This was made known in Abuja through the…

By Mordi Chukwunonso Esther The Federal Government has said it has secured $6.15 billion for infrastructural development in the power sector. This was disclosed by the Minister of Power, Engineer Sale Mamman in his report titled…

The United States energy giant, ExxonMobil, has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated recoverable resource of more than 8 billion oil-equivalent barrels…

By Ikenna Omeje The Board of Royal Dutch Shell plc on Tuesday announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2020 interim dividend, which was announced on July 30, 2020 at…

By Ikenna Omeje The chairman of Edo Refinery and Petrochemical Company (ERPC), Michael Osime has said that the Edo modular refinery will, at full capacity, meet 100 percent of Nigeria’s low pour fuel oil (LPFO) or black oil demand. …

Daniel Terungwa The Attorney-General of the Federation, Abubakar Malami (SAN), says negotiation between the Federal Government and Process and Industrial Development better known as P&ID cannot be ruled out.He stated this during…

The Federal Government has made efforts to douse tensions caused by the hike in petrol price and electricity tariff saying the subsidy removal and the increase in cost of the two items was not to hurt Nigerians rather save Nigeria from…

By Mordi Chukwunonso Esther The Federal Government has said that notwithstanding the recent hike in the price of Premium Motor Spirit to N162 per litre, the price of product in Nigeria remains among the lowest/cheapest in the…

Lagos August 23, 2020: Nigeria Port Authority, NPA has reiterated its commitment to support Lagos Deep Offshore Logistic Base, LADOL in its Maritime, Health, Agriculture and Logistics operations in Nigeria to be more…

The Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to hold the 2020 Annual Capacity Building Workshop for the Judiciary. The workshop will be held on Thursday via Zoom, in line with the protocols…