Axxela receives positive credit rating
Axxela Limited, sub-Saharan Africa’s power company has been assigned national scale issuer ratings of BBB+ (NG) and A2 (NG) in the long term and...
Tender for NLNG Train 7 out in April – NCDMB
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has said the Nigeria Liquefied Natural Gas Limited(NLNG) will issue...
China & Nigeria to spearhead global refining industry capex and capacity additions to 2023...
China and Nigeria are expected to be the major contributors to the global refining industry capacity growth from planned and announced projects between 2019...
NBS says diesel price increased by 1.59% in January 2019
The Nigerian Bureau of Statistics (NBS) has said that the price of diesel increased to N225.09 in January from N219.54 recorded in December 2018.
It...
Nigeria’s oil output currently as low as 1.1m bpd – NNPC official
Nigeria’s crude oil and condensate production has fallen almost 50% from the start of the year to around 1.1 million b/d, an official from...
Nigerian downstream sector received 19bn litres of petrol in 13 months
The Nigerian National Petroleum Corporation (NNPC) has revealed that in the last 13 months, it supplied a total of 19,437,894,096.66 billion litres of petroleum...
16TH Aret Adams’ annual memorial lecture holds February 28
Emerging Middle-Level Producers in Oil & Gas: Challenges and Opportunities will be the main focus as the management of Aret Adams Foundation set gear...
IPMAN western zone urges members to abide with N140 pump price reduction
The South West Chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to members to abide by the presidential directive to...
Total says Sanctity of contracts, lower production cost will attract investments in energy...
In order to ensure huge investments in the Nigerian petroleum industry, the Managing Director of Total Exploration and Production Nigeria Limited, Mr. Nicholas Terraz,...
Nigeria to reclaim undeveloped oil fields from multinational oil firms
Worried about the high level of undeveloped oil fields in the country, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has disclosed...
