Home Topics 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.
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 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.
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.
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.
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 Nigerian National Petroleum Corporation (NNPC) says its target to grow the nation’s reserve to 40 billion barrels by the year 2023.
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.
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.
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 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.
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.
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.￼
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.
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).
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.
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.
12Page 1 of 2
Legendary Real Madrid and Spanish goalkeeper Iker Casillas has suffered a new suspected heart attack that landed him in the emergency room.
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.
Nigeria has vaccinated 1,266,742 persons against COVID-19, two months after nationwide rollout commenced on March 5.
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.
Tottenham are yet to identify a ‘leading candidate’ for their vacant managerial position with the club mulling over a number of ‘options’.
Belgian Pro League club Genk will listen to offers for Nigeria striker Cyriel Dessers this summer.
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.
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.
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.