Oil & Gas

March 30, 2020 - 12:46:08 am

  Samsung Heavy Industries Nigeria (SHIN) says it has recorded another major milestone in its operation after obtaining approval...

March 30, 2020 - 12:45:40 am

 The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices...

March 30, 2020 - 12:45:17 am

 The Federal Government on Wednesday proposed the reduction of oil benchmark, upon which the 2020 budget was predicated, from $57...

March 30, 2020 - 12:44:49 am

Despite a huge reserve of over 37 billion barrels of bitumen, the mineral used in the production of asphalt for road construction...

March 23, 2020 - 02:00:15 am

The National Bureau of Statistics (NBS) said that the average prices paid by consumers for Premium Motor Spirit (petrol),...

March 23, 2020 - 01:57:57 am

Dr Muda Yusuf, Director-General, Lagos Chamber of Commerce and Industry (LCCI) has urged the federal government to come up with...

March 23, 2020 - 01:57:08 am

According to data obtained from the National Oil Spill Detection and Response Agency, NOSDRA, Oil and gas companies operating in...

March 23, 2020 - 01:55:33 am

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has supported the reduction of the  pump price of Premium...

March 23, 2020 - 01:54:49 am

Nigeria and other developing countries that rely heavily on oil revenue are set to witness a decline as their income from oil and...

March 16, 2020 - 02:25:07 am

The Vice President of the National Road and Transport Owners (NARTO) Alhaji Abdullahi Inuwa has blamed the negligence on the part...

March 16, 2020 - 02:21:15 am

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has called for speedy passage of a Bill seeking to amend the...

March 16, 2020 - 02:20:19 am

The Nigeria Security and Civil Defence Corps (NSDC), said it arrested no fewer than 1,963 pipeline vandals across the country in...

March 16, 2020 - 02:19:19 am

 The market expected a new coronavirus-induced 1 million-barrel-per-day (b/d) production cut from OPEC+, the coalition of OPEC...

March 09, 2020 - 02:24:57 am

Responding to the ongoing oil demand situation, OPEC members proposed today to cut oil production by 1.5 million barrels per day...

March 09, 2020 - 02:23:43 am

The Federal Government has announced plans to review the 2020 budget as crude oil revenue comes under pressure from the effects...

March 09, 2020 - 02:22:40 am

The Federal Government has commenced the distribution of cooking gas cylinders to 13,000 indigent women to reduce the use of...

A DPR official sealing a cooking gas retail outlet located under a high tension electrical installation in Lekki Phase 1 area of Lagos last week. 

March 09, 2020 - 02:21:34 am

  The Department of Petroleum Resources (DPR) on Tuesday intensified efforts to curtail incidence of gas explosion in Lagos State...

March 09, 2020 - 02:19:53 am

Nigeria and other members of the Organisation of Petroleum Exporting Countries agreed on Thursday to cut oil production by...

March 02, 2020 - 02:02:21 am

 The Nigerian National Petroleum Corporation (NNPC) is set to expand its domestic gas footprint with the delivery of the Escravos...

Executive Secretary, (NCDMB), Simbi Wabote  

March 02, 2020 - 02:01:29 am

The Nigerian Content Development Monitoring Board (NCDMB) has said that over 80 per cent of the Nigerian content intervention...

March 02, 2020 - 01:59:33 am

Nigeria is set to lead refining capacity additions from planned and announced (new-build) projects in Africa by 2024, reports...

March 02, 2020 - 01:58:48 am

The Department of Petroleum Resources (DPR) says the Bid Submission Due Date (BSDD) of the Request for Proposal (REP) of the...

March 02, 2020 - 01:57:46 am

Oil extended losses after closing at a 13-month low as more new coronavirus cases were reported outside China than within, adding...

February 24, 2020 - 02:28:06 am

The Group Managing Director, Nigerian National Petroleum Corporation Mallam Mele Kyari has said that the nation lost about $750m...

February 24, 2020 - 02:25:12 am

The Executive Secretary of the Board, Nigerian Content Development and Monitoring Board (NCDMB),Simbi Wabote has said the board...

Pages