There are indications that the Federal Governments’ plan to add additional 1.6 million of barrels per day, through new modular refinery may meet dead end, as lack of funds and Continue Reading
The Nigerian National Petroleum Corporation, NNPC, said that the country recorded 2,181 vandalised pipeline points within one year period between October 2018 and October 2019. Investigation shows that this development Continue Reading
At least five people died and dozens of others were rushed to hospital late on Sunday after an oil pipeline exploded in Nigeria in a blast that the authorities believe Continue Reading
In the wake of the dastard act that threw major parts of Lagos into mourning Sunday evening, the Nigerian National Petroleum Corporation (NNPC) has revealed that the numbers of pipeline Continue Reading
Nigeria is shifting its upstream work towards NGLs and natural gas, to better comply with its crude production quota under the OPEC+ agreement, the head of the country’s national oil Continue Reading
The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, stated that Nigeria imported 19.18 billion litres of petroleum products in 2019, while the country’s refineries produced only 166.33 million litres of Continue Reading
Lower amounts of revenue might be available for sharing by the three tiers of government through the Federation Accounts Allocation Committee (FAAC) in the coming months as the cost borne Continue Reading
Nigeria’s oil sector may not get a much-needed revamp in 2020 as President Muhammadu Buhari’s state-led economic model will likely throttle reform and blunt efforts to increase oil production in Continue Reading
Nigeria, like the rest of the world, enters a new decade this new year, 2020; it’s the decade of the twenties!How Nigeria starts the new decade, that is, how it Continue Reading
One of the most spectacular stories of 2019 started off in the first days of the outgoing year. Some 150 kilometers off the Nigerian coast, the oil major Total and Continue Reading
