Home Topics Hydrocarbon

Hydrocarbon

Former National Chairman, Traditional Rulers of Oil Minerals Producing Communities of Nigeria, TROMPCON, HM Charles Ayemi-Botu, has advocated appropriation of not less than 25 per cent equity shareholding in the Petroleum Industry Bill, PIB, for host communities in Niger–Delta to alleviate their troubles.

PIB: Niger Delta monarch demands 25% equity shareholding for host communities

Former National Chairman, Traditional Rulers of Oil Minerals Producing Communities of Nigeria, TROMPCON, HM Charles Ayemi-Botu, has advocated appropriation of not less than 25 per cent equity shareholding in the Petroleum Industry Bill, PIB, for host communities in Niger–Delta to alleviate their troubles.

CSOs push for full deregulation as petrol queues emerge in Abuja

Civil society groups on Saturday pushed for complete deregulation of the downstream sector of the petroleum industry that allows markets forces to determine the pump price of petrol and other petroleum products in the country.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

Minister: Nigerian government will make gas alternative energy for industries, transportation

The federal government yesterday inaugurated the National Gas Expansion Programme (NGEP) in the Southwest Nigeria as part of its efforts to make gas an alternative energy for industrial, transportation and domestic uses.

DPR: It’s practically impossible to steal crude oil offshore

The Department of Petroleum Resources (DPR), yesterday, disclosed that majority of the crude oil theft recorded in the country’s petroleum industry occur in the inland terminals, noting that it is practically impossible to steal crude oil from the offshore terminals.
Vice President Yemi Osinbajo has charged stakeholders in the oil industry to find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself and the country’s of requirements and needs.

VP Osinbajo: Nigeria should find way of producing oil cheaper at largest volume

Vice President Yemi Osinbajo has charged stakeholders in the oil industry to find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself and the country’s of requirements and needs.
FILE PHOTO - Turkish President Tayyip Erdogan arrives for a meeting with EU Council President Charles Michel in Brussels, Belgium March 9, 2020. REUTERS-Francois Lenoir-File Photo

Turkey’s Erdogan, EU’s Michel discussed EU summit in call

President Tayyip Erdogan told European Council President Charles Michel in a call that Turkey wants to build its future with the EU, calling for Ankara and the bloc to move on from a “vicious cycle” in ties, the Turkish presidency said late on Tuesday.

Nigerian government warns oil drilling firm on environmental degradation

Minister of State for Environment, Sharon Ikeazor, gave the warning in her remarks at a stakeholders’ meeting on the Environmental Impact Assessment of the proposed Ameshi and Enyi Field Development Project by Sterling Exploration and Production Company Ltd in Anambra State.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

Mele Kyari: NNPC mulls growing nation’s reserve to 40 billion barrels by 2023

The Nigerian National Petroleum Corporation (NNPC) says its target to grow the nation’s reserve to 40 billion barrels by the year 2023.
Algeria’s President Abdelmadjid Tebboune said on Twitter that he had ordered medical authorities to take maximum precaution after the coronavirus case was announced by the health minister.

Algeria cuts budget, increases minimum wage

The Algerian government decided Sunday to reduce the state budget by half due to a financial crisis caused by the global collapse in oil prices and worldwide coronavirus lockdowns.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Petroleum explorationists, others call for central bank’s intervention

Following the crash in global oil prices occasioned by the coronavirus pandemic, indigenous Petroleum Explorationists have called for urgent intervention of the Central Bank of Nigeria, CBN, as they would be unable to meet their financial exposure to commercial banks at the current oil prices.
Aiteo Group

Aiteo: How Nigeria can meet its crude oil projections

The Group Managing Director of Aiteo Eastern Exploration and Production Company Limited, Mr. Victor Okoronkwo, yesterday, disclosed that Nigeria can only achieve its goals of three million barrels of crude oil per day and 40 billion barrels crude oil reserves if it ensures a stable operating environment and the establishment of a robust regulatory and fiscal framework.

2023: Arewa youths shop for South-South presidency

Coalition of northern youths under the umbrella of Arewa Youths Assembly have said that they will do all that is politically required to ensure an emergency of a South-South candidate for the 2023 presidency.

Saudi capital market gives green light for Aramco’s record initial public offering

Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.
Nigerian National Petroleum Corporation (NNPC)

NNPC to demolish illegal structures along pipeline corridor

The Nigerian National Petroleum Corporation on Sunday announced that the Army Engineering Corps was set to demolish illegal structures erected along the Port Harcourt-Aba-Enugu-Makurdi oil pipeline corridor.

NNPC chief Mele Kyari vows to improve transparency

The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari, has promised to the fight corruption and improve transparency as he takes over the affairs of the NNPC.
NIMASA

NIMASA: Why we are re-launching national fleet

The creation of a national fleet will end the capital flight and save the nation huge foreign exchange through the lifting of the country’s crude oil export.
Barambu and other neighbouring communities in Alkaleri Local Government Area of Bauchi State, near the border with Gombe State, came into the limelight when President Muhammadu Buhari commissioned the Kolmani River II well.

Cheers, fears as oil search resumes in the North

Barambu and other neighbouring communities in Alkaleri Local Government Area of Bauchi State, near the border with Gombe State, came into the limelight when President Muhammadu Buhari commissioned the Kolmani River II well.

Adamawa records 89 fire incidents

The Adamawa Fire Service said on Wednesday that it recorded 89 fire outbreaks in the state in 2018.
Turkish President Recep Tayyip Erdogan has inaugurated a massive new airport project in Istanbul, which, once complete, is expected to become one of the world's largest.

Recep Erdogan warns ‘sea bandits’ over Cyprus energy exploration

Turkish President Recep Tayyip Erdogan on Sunday warned foreign oil companies over energy exploration off Cyprus, describing those who defy Ankara as "bandits of the sea" who would face a similar response as its foes in Syria.
Nigerian National Petroleum Corporation (NNPC)

Federal government, China sign agreement on oilfield services

In what could be described as a strong move to develop Nigeria’s oilfield services and boosting research and development in the oil and gas industry, the Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) in China with the China National Offshore Oil Corporation (CNOOC).

Nigerian Navy seizes vessel over illegal shipping of diesel

The Nigerian Navy in Rivers says it has seized a vessel and arrested three suspected smugglers for allegedly shipping undisclosed litres of diesel for sale without approval.

Maikanti Baru: NNPC heading to capital market to fund new oil projects

The Nigerian National Petroleum Corporation (NNPC) will be heading to the capital market to raise more funds to execute new oil and gas projects it had scheduled in 2018 and beyond, its Group Managing Director, Dr. Maikanti Baru, has disclosed.

Recent Stories

Iker Casillas suffers new ‘heart attack’

Legendary Real Madrid and Spanish goalkeeper Iker Casillas has suffered a new suspected heart attack that landed him in the emergency room.

NCC: 5G will positively impact Nigeria’s digital economy

The Chairman, Board of Commissioners of Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has stated that the full deployment of 5G technology in the country would have positive impact on Nigeria’s digital economy.
Malawi will destroy over 16 000 expired coronavirus vaccines donated to the impoverished country by the African Union three weeks before their use-by-date, a health official said on Wednesday.

Nigeria: Over 1.2 million vaccinated against coronavirus in two months

Nigeria has vaccinated 1,266,742 persons against COVID-19, two months after nationwide rollout commenced on March 5.
An aerial view of Konkola mine project north of the capital Lusaka, Zambia, file. REUTERS/SALIM HENRY

Zambia denies report it shuttered Konkola Copper Mines

Zambia’s Konkola Copper Mines (KCM) has not been temporarily or permanently shuttered, the state-appointed provisional liquidator of the copper mine previously owned by Vedanta Resources said on Wednesday, denying a Bloomberg report.
Jose Mourinho has said Tottenham deserved to win against West Ham as they fell 2-1 to their London rivals.

No ‘leading candidate’ to replace Jose Mourinho as Spurs mull over ‘options’

Tottenham are yet to identify a ‘leading candidate’ for their vacant managerial position with the club mulling over a number of ‘options’.

Most Popular

Cyriel Dessers has expressed his delight after Genk climbed to the top on the log in the Belgian Jupiler on Sunday.

Genk willing to sell Cyriel Dessers this summer

Belgian Pro League club Genk will listen to offers for Nigeria striker Cyriel Dessers this summer.

NAS urges Nigerian government to rescue remaining abducted students

The National Association of Seadogs (Pyrates Confraternity) has challenged the Federal Government to ensure the rescue of the remaining kidnapped students of Greenfield University and those of the Federal College of Forestry Mechanisation, both in Kaduna.
Governor Aminu Masari has ordered all boarding schools shut in Katsina a day after bandits abducted some students of Kankara Government Science Secondary School, 97 Kms from the capital..

Katsina governor: State of emergency won’t solve security problems

The Katsina State Governor, Aminu Bello Masari, on Thursday said that declaration of state of emergency on security will not solve the security situation in the country.
Dangote Cement

Dangote Cement gets N22.3 billion tax credit for road construction

The tax credit certificates are for the construction of Apapa-Oworonshoki-Ojota road in Lagos and the Lokoja-Obajana-Kabba road connecting Kogi and Kwara states.
Britain is set to announce the green list for countries that people can travel to on holiday shortly, and will have the right procedures in place to ensure travel can happen safely, said trade minister Liz Truss on Tuesday.

Britain will announce travel ‘green list’ shortly – minister

Britain is set to announce the green list for countries that people can travel to on holiday shortly, and will have the right procedures in place to ensure travel can happen safely, said trade minister Liz Truss on Tuesday.