Oil & Gas
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SPDC’s pipeline spills 276 barrels of crude in April – Report
Checks at the oil firm’s spill incident portal indicated that two of the spills were caused by sabotage while one was traced…
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Nigeria, 6 others top gas flaring countries- World Bank
It also said that oil production dropped from 82 million barrels per day (mbpd) in 2019 to 76 mbpd in 2020, as…
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Lawan assures passage of PIB in May
By Naomi Sharang The President of the Senate, Ahmad Lawan, has said that the National Assembly would pass the Petroleum Industry Bill…
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Oil prices fall as India’s COVID-19 crisis dents demand outlook
India reported a record number of COVID-19 cases for the fifth straight day on Monday and the official death toll also jumped,…
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Why NNPC is insisting on rehabilitation of Port Harcourt refinery – Kyari
“If we start a new refinery of this nature today, it can’t work in less than four years, therefore, it means we…
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JUST IN: Nigerian Govt approves $1.5bn for rehabilitation of Port Harcourt Refinery
An Italian company would undertake the repairs and a maintenance company would also be put in place, to ensure effective maintenance culture.
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Libya earns over US$1.2 billion in oil revenues by February 2021, says NOC
More than US$1.235 billion has been recorded by Libya as global revenues from sales of crude oil and its derivatives in February…
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Oil production cut: OPEC commends Nigeria on compensation conformity
By Edith Ike-Eboh The Organisation of Petroleum Exporting Countries (OPEC) has commended Nigeria for achieving full conformity in January 2021, and compensating…
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PIB: Wike supports allocation of 10 per cent oil revenue to host communities
The Governor also said it is necessary that the bill state in clear terms what specific development projects that the allocated fund…
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Fuel queues: DPR to sanction marketers hoarding petroleum products
By Solomon Asowata The Department of Petroleum Resources (DPR) says it will not hesitate to apply appropriate sanctions on marketers engaged in…
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