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DPR generates N742.4 billion revenue in eight months

The Department of Petroleum Resources (DPR) says it generated a total sum of N742,471,639,376. 96 billion for the Federal Government from January to August 2020.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil moves higher as storm threatens United States Gulf Coast

Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut-in production.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil rises towards $46 on US inventory drop, economy hopes

Oil rose towards $46 a barrel on Wednesday, gaining for a third day, supported by a report that United States crude inventories fell.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil prices rise on falling US dollar

Oil prices recovered on Tuesday, erasing overnight losses, as investors moved into risk assets and away from the safe-haven U.S. dollar, which tumbled to multi-year lows.
Angolan President Joao Lourenco waits to meet with U.S. Secretary of State Mike Pompeo at the Presidential Palace in Luanda, Angola, on February 17, 2020. Andrew Caballero-Reynolds-REUTERS

Angola to join oil and extractives transparency group

Angola plans to join the Extractive Industries Transparency Initiative (EITI), an international effort to fight corruption in revenues from oil, gas and mineral extraction.

Troops rescue 13 kidnapped foreigners in Niger Delta

The Defence Headquarters says the military in its operations in the South-South zone of the country has rescued 13 foreigners who were kidnapped in Lome waters.

Waltersmith to open 5,000-barrel a day capacity refinery in September

Waltersmith Petroman Oil Ltd., a Nigerian independent producer, will open a 5,000-barrel a day capacity modular refinery next month in Africa’s top crude producer that imports all of its refined-product needs.
Managing Director, Total Exploration and Production Nigeria Limited, Mike Sangster, Tuesday, disclosed that passage of the Petroleum Industry Bill, PIB, would spur a new wave of investments by oil and gas companies in the Nigeria petroleum industry.

Total: PIB to drive new wave of investments in Nigeria’s oil industry

Managing Director, Total Exploration and Production Nigeria Limited, Mike Sangster, Tuesday, disclosed that passage of the Petroleum Industry Bill, PIB, would spur a new wave of investments by oil and gas companies in the Nigeria petroleum industry.
Apple’s unannounced high-end over-ear headphones will reportedly come with interchangeable parts.

Apple crosses $2 trillion market cap as world’s most valuable company

Just two years after becoming the first U.S. company to reach a $1 trillion market capitalization, Apple has officially doubled its value to $2 trillion. The remarkable feat means it’s tied with a non-tech firm for bragging rights as the world’s most valuable company — for now.
Economic and Financial Crimes Commission - EFCC.

Nigerian Army partners EFCC to end attacks on oil, gas pipelines in Rivers

The Nigerian Army says it is collaborating with the Economic Financial and Crimes Commission (EFCC) in Port Harcourt to end attacks on oil and gas pipelines in Rivers.
At least 33 Boko Haram militants were killed by Nigerian troops in a gunfight on Sunday, according to military sources on Tuesday.

Boko Haram destroys telecom mast, other facilities in Bornu

Boko Haram terrorists on Monday invaded Magumeri Local Government Headquarters of Borno state and razed down the only functional Telecommunications Mast.
Gabon on Monday marks 60 years since it gained independence from France, and yet a glance around the capital Libreville begs the question whether it has ever made a clean break from the former colonial ruler.

Sixty years after independence Gabon still a ‘home’ for French

Gabon on Monday marks 60 years since it gained independence from France, and yet a glance around the capital Libreville begs the question whether it has ever made a clean break from the former colonial ruler.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

Official: DPR to create opportunities to enable business in oil, gas industry

The Department of Petroleum Resources (DPR) has promised to use its regulatory framework to continue to create opportunities and enable businesses in the oil and gas industry.

Environmental experts call for Green growth strategy for Nigeria

Management of climate change in post COVID-19 Nigeria was at the front burner as environmental experts from different parts of the world dialogued on policy options for Nigeria in developing low-carbon resilient climate.
The Chairman of RMAFC, Mr Elias Mbam, said this on Thursday in Abuja when he led a team of RMAFC commissioners and other anagement members to the FIRS on a familiarisation visit.

Falling oil revenue: We must end gas flaring – RMAFC boss

Faced with dwindling oil revenue, which has threatened 2020 federal and state governments’ budgets, Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, Engr Elias Mbam, has called for an end to gas flaring in the country.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil prices bolstered by bigger-than-expected drop in U.S. crude stocks

This bolsters hopes that fuel demand in the world’s biggest economy can weather the coronavirus pandemic.
The North-East Governors’ Forum (NEGF) has called on the Federal Government to deploy more state of the art military hard ware to the armed forces fighting the Boko Haram in the region.

Insecurity: Northeast governors advocate use of heavy artillery by police

Governors of North East are advocating the use of heavy artillery for the Nigeria Police to bridge the manpower deficit in the armed forces. This was contained in an 11-point communique issued by the North-East Governors’ Forum at the end of its second meeting held in Maiduguri, Borno State.
Nigerian National Petroleum Corporation (NNPC)

NNPC spends N36 billion on pipeline repairs, loses N8 billion petroleum products in five...

Unending vandalisation of oil and gas assets and petroleum products theft continue to impact the country negatively, as the Nigerian National Petroleum Corporation, NNPC, weekend, disclosed that it spent N35.74 billion on pipeline repairs and management in five months, between January and May 2020.

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[FILE} Former U.S. President Barack Obama speaks as he campaigns for Democratic gubernatorial candidate and Virginia Lieutenant Governor Ralph Northam during a campaign event at the Greater Richmond Convention Center October 19, 2017 in Richmond, Virginia. Alex Wong/Getty Images/AFP

Barack Obama says book coming in November two weeks after election

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All Progressives Congress (APC) Nigeria

Ondo election: ADC collapses structure, decamp to APC

The African Democratic Congress (ADC) in Ondo West and East Federal constituency of Ondo State has collapsed its structure into the All Progressives Congress (APC).

Ekiti: We are ready for partnerships to develop sports

The Ekiti state government has reinstated its commitment to work with philanthropists and relevant organizations towards the growth and development of sporting activities in the state.
Ngozi Okonjo-Iweala

WTO retains Ngozi Okonjo-Iweala, evicts three candidates

World Trade Organization members removed three candidates from the race to be the next Director-General of the body.
Arsenal manager Mikel Arteta, as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19). REUTERS - Paul Childs - Pool

Mikel Arteta: Emi Martinez sacrificed to help Arsenal land top targets

Mikel Arteta admits that the decision to sell Emiliano Martinez was a 'sacrifice' Arsenal made to try and help them land their top transfer targets between now and the end of the summer window on October 5.