Despite insurgency, UNIMAID to continue oil, gas exploration in Lake Chad Basin
The University of Maiduguri (UNIMAID) has defied Boko Haram insurgency and abduction of its staff to continue oil and gas exploration in Lake Chad Basin of Borno and Yobe states.
Why Nigeria must be free from vagaries of oil instability, by NNPC boss
The Nigerian National Petroleum Corporation (NNPC) yesterday restated the need for the country to become free from the volatility and shocks in the oil and gas industry and focus on a holistic economy reality.
Oil subsidy may return as cross-border losses hit N774m daily
The Nigerian National Petroleum Corporation (NNPC) is worried about the proliferation of fuel stations in communities at the nation’s borders which has led to an unprecedented smuggling of petrol to neighboring countries. This has made it difficult to sanitise the supply and distribution matrix in the country.
Baru rallies support for new refinery
The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Maikanti Baru, has called for sustained encouragement of Azikel Refinery, owing to the remarkable pace of work at the site. He also lauded the President of Azikel Group, Dr. Azibapu Eruani, for having achieved 65 per cent completion on the phase I, II and…
‘Poor pricing of petrol may jeopardise oil, gas investment’
Minister of State for Petroleum Resources, Ibe Kachikwu yesterday in Abuja supported the need for a regulation that will allow market forces to determine proper pricing of petroleum products in Nigeria.
PETAN announces speakers at WAIPEC forum
The Petroleum Technology Association of Nigeria (PETAN) has announced the first set of speakers to feature on the programme at the West African International Petroleum Exhibition and Conference 2018 (WAIPEC), a two day major platform ....
Hiding the truth in plain sight
We thought fuel subsidy had become history. We thought that by its going about two years ago, one of the biggest avenues for corruption in the Nigeria system had been closed permanently.
Reps move against NNPC over fuel subsidy payment
Knocks await the Nigerian National Petroleum Corporation (NNPC) on Tuesday, next week, when the House of Representatives reconvenes.
Two refineries process 331,705MT crude oil in one month
Port Harcourt Refineries Company (PHRC), and the Warri Refining and Petrochemical Company (WRPC), processed 331,705 Metric Tonnes (MT) of crude oil in October last year.