Chevron Nigeria Limited (CNL) said it spent $2.5 billion on local content development in Nigeria’s oil and gas sector, representing 65 per cent of the total Nigerian goods and services expenditures for the year.
The Addax Petroleum Company on Tuesday confirmed the proposed closure of its corporate offices in Geneva, Aberdeen and Houston in the United States of America.
Some Yenagoa residents and business outfits have lauded the Port-Harcourt Electricity Distribution Company (PHEDC), for improved power supply in the area.
The Nigeria’s oil and gas industry would require $10 billion (N3.05 trillion) over the next three years to increase crude oil production from 2.2 million barrels per day (bpd) to 3 million bpd.
The Nigerian National Petroleum Corporation has put the cash call arrears owed oil companies for the development of joint venture assets at $6.6bn (N2.01tn).
Dr. Baru commended the NNPC finance and technical teams for being able to attract the much needed foreign investment at a period when it has become increasingly difficult to attract foreign credit facilities.
The Nigerian National Petroleum Corporation, NNPC, said on Monday the nation’s current crude oil production had risen to 2.35 million barrels per day.
The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, says Nigeria has lost about $60 billion to the non-enforcement of the terms of the Production Sharing Contracts signed between the federal government and the international oil companies.
A lawmaker, Sen. Stella Oduah, has urged Nigeria National Petroleum Corporation to put an adequate metering system in place to enable Nigerians to know the country’s exact daily oil production.
The instability in electricity supply from the national grid has continued to make businesses to look inwards through independent power generation, a new report has said.
The management of Skye Bank Plc is seeking to take over some oil wells belonging to Jide Omokore, a businessman involved in some corruption cases within and outside Nigeria saying Omokore is indebted to it to the tune of about N110bn at an exchange rate of $1/N315.
Nigeria's Forte Oil said on Friday it was in talks with a major refinery to form a strategic partnership for local refining of petroleum products in Africa's top oil exporter, its chief executive said.
Lagos State Governor, Mr. Akinwunmi Ambode, on Friday sought a no objection letter from the Nigerian Electricity Regulatory Commission (NERC) for the State Government’s Embedded Power Programme.
Religious and world leaders have condemned a series of blasts in Sri Lanka that killed more than 150 people on Sunday, including dozens of foreigners — with British, Dutch and American citizens believed to be among them.
Liberia and Niron Metals Plc have signed a Memorandum of Understanding for the passage through Liberia, of iron ore, from the Zogota iron ore deposit in the Republic of Guinea.
A large hoard of cash has been found at the home of Sudan’s ousted president Omar al-Bashir and he is now being investigated for money laundering, prosecutors say.
Thomas Lemar hopes Antoine Griezmann will still be an Atletico Madrid player next season, while the winger accepts he has more work to do to fully adapt to life in LaLiga.
As the nation’s workforce continue to heave a sigh of relief following Presidential assent to 30,000 Naira minimum wage bill, state governors have been urged to sustain the tempo.
A former Barcelona FC captain and three-time UEFA Champions League legend, Carles Puyol, has arrived Nigeria on a three-day visit starting from today, Tuesday to Thursday (April 16-18).
In view of growing outbreaks of vaccine-preventable diseases, the United Nations Children’s Fund says it will inaugurate a new global campaign from April 24 to 30.
President Muhammadu Buhari has been commended for signing into law the National Minimum Wage Bill approving N30,000 for the least paid worker in the country.
The Organised Labour has commend President Muhammad Buhari for assenting to the National Minimum Wage Amendment Act approving N30,000 for the least paid worker in the country.
The release noted that LASTMA’s Chief Executive Officer, Mr. Chris Olakpe, spoke while receiving members of the Humanitarian Voluntary Association for Community Development who came to express solidarity and sympathy over the death of 18 traffic officials of the agency that died in line of duty in 2018.