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3 Oct 2018
Oilerv Limited, a leading indigenous oil and gas Company in Nigeria recently signed a joint venture agreement with GEpetrol, which resulted in the formation of Oilserv Equatorial Guinea S.L, to expand its global footprint. The joint venture partnership is a collective strategic thinking aimed at driving inbound investment into the Equatorial Guinea oil/gas landscape and…
12 Sep 2018
Failure on the part of industry regulators in Nigeria has relegated Nigeria to the background among the comity of nations, thus making it a destination for dirty fuels. Petroleum products that are not accepted in other parts of the globe including most African nations, have continued to flood the country’s product space, leaving Nigerians, the…
17 Aug 2018
Deputy Managing Director, Deep Water District, TOTAL, Mr. Ahmadu-Kida Musa, has promised a 200, 000 barrel per day increase to Nigeria’s oil output. Musa disclosed this at the National Association of Energy Correspondents’ Conference in Lagos yesterday. He said the projection by Total E&P Nigeria Limited would be realised in the fourth quarter of this…
18 Jul 2018
The United State (U.S) product imports from the Organisation of the Petroleum Exporting Countries (OPEC) member countries dropped by 23 thousand barrels per day (tbpd) compared to a month before to stand at 301 tbpd. Besides, OPEC has raised world oil demand by 1.65 million barrels per day (mbpd) in 2018 in its July monthly…
18 Jul 2018
Even with the passage of the Petroleum Industry Governance Bill by the National Assembly, is still being faced with unaddressed issues, which originally should have been dealt with in the legislation, STANLEY OPARA writes It is no news that the current National Assembly has passed the Petroleum Industry Governance, which seeks to provide for the…
18 Jul 2018
Sale of petroleum products by the Pipeline and Products Marketing Company (PPMC) decreased from the N198.94 billion realised in the month of February to N184.02 billion in May, 2018. Total revenues generated from the sales of white products for the period March 2017 to March 2018 stands at ₦2.129 trillion, where Premium Motor Spirit (PMS)…
11 Jul 2018
Last week, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, said that the Federal Government is targeting 10 per cent of the world’s market share...
22 Jun 2018
The Minister of state for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, said Nigeria would advise against additional oil supply to the global market by OPEC and non-OPEC members. Kachikwu made the country’s position known in an interview with journalists on Thursday ahead of the 174th Meetings of the OPEC Conference and the OPEC and non-OPEC…
28 May 2018
The Nigerian National Petroleum Corporation (NNPC) has said that it is working on the right strategies to remain in business for a long time. The Group Managing Director of the corporation, Maikanti Baru, who spoke at the NNPC first quarter 2018 top management steering committee meeting in Abuja at the weekend, said in order to operate as…
16 May 2018
Shell Nigeria Exploration and Production Company (SNEPCo), said it has delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017.     The company has also expanded the field with further drilling of wells in Bonga Phases 2 and 3, and through a subsea tie-back that…
16 May 2018
In promotion of clean and efficient energy usage in Nigeria, TellCo Europe Nigeria, a renewable and clean energy solution firm, has launched a mono-crystalline (mono) off-grid solar power system, taking to cognisance the nation’s weather system.       The company aims to bridge the power challenges experienced by mostly Micro/Small and Medium Enterprises (MSMEs) in the…
16 May 2018
A sustainability consulting and advocacy outfit, CSR-in-Action Advocacy, and its partners have scheduled to hold the 7th Sustainability in the Extractive Industries (SITEI) Conference and Exhibition, at the Shehu Musa Yar’adua Centre, Abuja, between May 21 and 22. Partners include the Nigerian Extractive Industries Transparency Initiative (NEITI); the Federal Ministries of Petroleum Resources, and Mines…


2 mins ago
Oil prices jumped more than three percent in Asian trade Monday as reports said OPEC and other top producers considered slashing output.
17 mins ago
The death toll from a suicide bomb attack on an education centre in the Afghan capital last week has risen to at least 43, the United Nations mission in Afghanistan said on Monday.
47 mins ago
Leftist challenger Luiz Inacio Lula da Silva pulled ahead of far-right incumbent Jair Bolsonaro with around 70 percent of the votes counted Sunday in Brazil's presidential election, but a runoff looked likely.
1 hour ago
At least seven people in Haiti have died from cholera, authorities said Sunday, raising fresh fears of a resurgent epidemic in the crisis-wracked Caribbean nation.
1 hour ago
The United States will help Taiwan "develop the capability to defend itself" from a Chinese invasion, Defense Secretary Lloyd Austin said on Sunday, stopping short of President Joe Biden's vow to send troops to the island.