Friday, 28th January 2022
Breaking News:

oil sector

21 Nov
The Federal Government yesterday raised hope for more investment in the upstream sector of the nation’s petroleum industry just as it reiterated that there would be no increase ...
31 Jul 2020
The Federal Government is to adopt industry-wide cost containment measure and aggressive capital allocation to key projects as part of efforts to mitigate the impact of the COVID-19 pandemic on the oil and gas sector.
9 Jul 2020
The Minister of State for Petroleum Resources Chief Timipre Sylva says the deregulation of the downstream oil sector was to ensure economic growth and development of the country.
6 Mar 2020
Poor improvement in almost all benchmarks or precepts used in measuring performance in the oil and gas sector has been attributed to the lack of transparency and weak fiscal intervention by regulators.
25 Dec 2019
Partnership between the Federal Government and indigenous oil players is expected to drive new investments in the oil refining space, as new modular refineries are expected to come on stream.
30 Oct 2019
Operators in the oil and gas industry value-chain have advocated increased adoption of steel drums as a safe means on storing low viscosity fluids and other hazardous chemicals used in the sector.
24 Jul 2018
One distinction between industrial agitation in the oil and gas sector and other segments of the Nigerian economy is the capacity of the sector to cripple the entire economy even before it is declared.  Indeed, with little ‘help’ from the media, the threat to embark on an industrial action by either the Nigeria Union of…
4 Jul 2017
Speaking after his re-election, Johnson said: “We demand that the government should stem the wave of redundancies in the oil and gas industry, especially by the International Oil Companies (IOCs) and other service companies.
27 Mar 2017
Efforts geared towards diversifying the economy, reviving the agricultural sector and exploring the non-oil sector of the economy have been on for decades, since the fortunes of oil in the global market took a turn for the worse in the 80s.
3 Mar 2017
We are averaging close to about 2 million barrels right now. Inclusive of condenses. If you take away the condenses we are doing about 1.6 or 1.7 but that’s without Dorcados.
17 Feb 2017
Nigeria has lost over N200 billion in the last 11 months due to the force majeure declared by Shell Petroleum Development Company (SPDC) as a result of the vandalism of the 48-inch Forcados export line in 2016.
12 Jan 2017
The Nigeria Content Development and Monitoring Board (NCDMB) may outlaw outsourcing of jobs that indigenous companies have the capacity to execute.


2 hours ago
Actor Jimmy Odukoya has posted a picture of the film set of the Hollywood film The Woman King, which he stars in.  In a post shared on Instagram, the actor uploaded a picture of trailers on the film's set. The movie will mark the Nigerian actor's Hollywood debut. "Let no man put limits on your life!…
2 hours ago
The operatives of the Association of Refineries and Petroleum Marketers (ANRPM) and men of the Inspector General of Police from Special task force on petroleum and illegal bunkering unit on Friday bust a gang of suspected oil thieves of Petroleum products at Church Gate, close to the Nigerian National Petroleum Corporation (NNPC) Abuja. The oil…
2 hours ago
Torrential rains from deadly Tropical Storm Ana subsided on Friday leaving tens of thousands of people across three countries in southern Africa cut off by flood damage, without power and living in shelters.
2 hours ago
In a move to increase job creation through agriculture, the National Agricultural Land Development Authority (NALDA) is set to commission Integrated Farm Estates in Abia and Imo state. The farm estates located in Elu Elu, Ikwano Local Government area of Abia state and the Acharaugo Emekuku estate in Owerri North Love cal Government area of…
3 hours ago
President Vladimir Putin told French counterpart Emmanuel Macron on Friday that the West was ignoring Moscow's security concerns over Ukraine but added that Russia would hold off from taking action immediately.