NNPC signs pact with CNOOC,SAPETROL to resolve OML 130 dispute 

... as resolution will immediately unlock about $510million of gas revenue In its bid to meet the target of revving up production to 3million barrels...

Chevron announces the first 100% renewable base oil production

Chevron Products Company, a division of Chevron U.S.A. Inc., and Novvi LLC have announced the first production of 100% renewable base oil from Novvi’s...

Total Power deregulation will boost DisCos’ – MD Century Powe

The Managing Director/Chief Executive Officer, Century Power Generation Limited, Dr. Chukwueloka Umeh has urged the Federal Government to fast-track the total deregulation of the...

Rainoil Ltd. deepens gas penetration with tank capacity of 8000MT, as FG targets 5m...

Despite the challenges being witnessed in the oil and gas sector, Rainoil Limited has continued to contribute to the economic development of the country...

We recorded 43% drop in oil pipeline vandalism in May- NNPC

The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure...

Sylva, Kyari, Wabote hail SEPLAT as pride of indigenous operators, gas revolution strides

The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva; the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele...

Oil theft, sabotage responsible for 17 Nigerian oil spill incidents in June- Shell

Incessant oil spill in the Niger delta region has continued to be a growing concern, as Oil major Shell Petroleum Development Company of Nigeria,...

USTDA offers support for new LNG infrastructure in Nigeria

To boost Nigeria’s increased utilization of natural gas for power generation, local industry and additional economic growth, The U.S. Trade and Development Agency (USTDA)...

Gas critical to the development of Nigerian economy – Stakeholders

As the disruption in the global economy due to the Pandemic, leading to declining in oil prices due to low demand, stakeholders in the...

Eni says Covid-19 is reshaping global oil industry

Eni says Covid-19 is reshaping global oil industry Eni SpA became the latest oil company to cut its long-term price assumptions, saying the coronavirus pandemic...