Home Topics Oil and Gas

Oil and Gas

Nigerian National Petroleum Corporation (NNPC)

Enugu petroleum marketers lament over NNPC depot closure

The long closure of the Enugu depot of Nigerian National Petroleum Corporation, NNPC, is no doubt hitting hard on oil marketers in the South East who now source their products from far distances with the attendant risks involved.
“Climate change is the biggest threat to our planet,” Jeff Bezos wrote on Instagram on Monday.Credit...Emma Howells for The New York Times

Jeff Bezos pledges $10 billion fund to combat climate change

Amazon CEO Jeff Bezos has pledged $10 billion to a new fund to tackle climate change but activists have urged the world’s richest man to first clean up the e-commerce giant’s own lacklustre environmental record.
A research conducted by a United Kingdom based oil and gas consultancy firm, Wood Mackenzie, indicated that rising production cost and uncertainty in the country’s energy sector could lead to a 35 percent decline in oil output over 10 years.

Nigeria risks losing $2.7 billion to delays in deepwater oil field projects

There are indications that Nigeria may lose $2.7 billion revenue from three deep offshore fields due to changes in tax and royalty laws as well as other uncertainties in the petroleum industry.

Chevron bags two awards at NIPS Oil and Gas Industry Awards

The two awards to CNL are – the “Award for Excellence in Environmental Sustainability and Stewardship” and “Award for the Best Exhibition Booth at NIPS 2019”. CNL’s Chairman and Managing Director, Jeff Ewing, received the two awards on behalf of the company.
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 lauds Chevron for role in growth, development of oil and gas sector

Minister of State for Petroleum, Chief Timipre Sylva, has lauded oil and gas giant, Chevron Nigeria Ltd, for its immense contributions to the growth and development of the oil and gas sector in Nigeria.
Godwin Obaseki

Ex-NNPC boss reels out 9-point agenda to unseat Governor Obaseki

Former Group Executive Director of the Nigeria National Petroleum Corporation (NNPC), Mr Chris Ogiemwonyi, has rolled out his nine-point agenda that would serve as major pillars of development blue print if elected as next Governor of Edo.

Italy ready to invest in Nigeria’s agric sector

Mr Alessandro Gerbino, Trade Commissioner, Italian Trade Agency (ITA), said the Italian government was ready to invest in Nigeria’s agricultural sector.
Aluminum Smelter Company of Nigeria (ALSCON)

Efforts on to revamp ALSCON – BPE chief

Director-General of the Bureau for Public Enterprise, BPE, Mr Alex Okoh, has said that efforts were on to resolve the lingering legal tussle over the Aluminium Smelting Company of Nigeria, ALSCON, Ikot-Abasi, Akwa Ibom State in order to revamp the firm.

DPR automates downstream operations

The Department of Petroleum Resources (DPR) has launched its digitisation initiative for Downstream operations under the ‘Automated Downstream System’ (ADS) program

Nigerian immigration plans expansion of Visa classes from 6 to 79

The Nigerian Immigration Service (NIS), says a new Nigerian Visa Policy (NVP) aimed at expanding Visa classes from six to 79 is in prospect and awaiting approval by President Muhammadu Buhari.
Imo State governor Hope Uzodinma has promised to navigate the State into prosperity under his watch, in his maiden broadcast to the people of the state on Wednesday.

Governor Uzodinma forfeits security vote for workers salaries, pension in Imo

Imo State governor, Hope Uzodinma, yesterday announced that he has forfeited his security vote to enable him meet up with the economic challenges in Imo, especially the payment of salaries and pension in the state.
The State Commissioner for Oil and Gas, Prince Emmanuel Amgbaduba disclosed the ban in Asaba on Tuesday during a meeting with some officials of Midwestern Oil and Gas Company Ltd.

Delta government prohibits protests to oil firms’ locations

The Delta State government has placed an embargo on any form of protest by youths and folks from communities to any oil firm operating in the oil and gas-rich state.

Group launches campaign on digital economy awareness

A team of Nigerian media professionals have launched (DEMS Volunteers’), with a view of leading nationwide awareness and campaigns on Digital Economy.
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Aliko Dangote’s net worth rises to $14.8 billion in 2019

Africa’s wealthiest man, Alhaji Aliko Dangote ended 2019 with a total worth of $14.8 billion, representing an increase of $4.3 billion from the $10.3 billion recorded in 2018, according to Bloomberg’s Billionaires Index released recently.
The Nigerian Guild of Editors, NGE, yesterday, expressed optimism in the ability of the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari to steer the corporation to enviable heights.

NNPC declares N13.23 billion surplus for October 2019

The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of ₦13.23billion in October 2019.
LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and other West African nations has secured $184 million to finance the appraisal drilling and initial development programme activities on the Ogo field within Oil Prospecting Lease, OPL 310.

Lekoil gets $184 million to finance drilling at OPL 310

Lekoil, the oil and gas exploration and production company with a focus on Nigeria and other West African nations has secured $184 million to finance the appraisal drilling and initial development programme activities on the Ogo field within Oil Prospecting Lease, OPL 310.
The Director General of the International Labour Organization, ILO, Mr. Guy Ryder has commended Nigeria for the labour friendly disposition of the President Muhammadu Buhari administration.

APC: President Buhari working to send more looters to jail

The All Progressives Congress (APC) has said that the President Muhammadu Buhari led APC government in the country was working hard to send more looters of the nation’s commonwealth to jail and recover the wealth illegally acquired from them.
President Muhammadu Buhari, on Tuesday, said the legacies of former South African President, Nelson Mandela, should continue to inspire African leaders on the need to make sacrifices for the good of their countries.

Group lauds President Buhari over NCC appointment

A socio-political group known as South-East Youths Development Initiative, has praised President Muhammadu Buhari for appointing Mr Uche Onwude as a Non-Executive Commissioner of the Nigeria Communications Commission (NCC).

Recent Stories

Neymar has criticised Paris Saint-Germain’s handling of his recent injury after scoring in the 2-1 defeat at Borussia Dortmund, which leaves the French club facing the prospect of another early Champions League exit.

Neymar criticises PSG injury handling after Borussia Dortmund defeat

Neymar has criticised Paris Saint-Germain’s handling of his recent injury after scoring in the 2-1 defeat at Borussia Dortmund, which leaves the French club facing the prospect of another early Champions League exit.
A new Chinese coronavirus, a cousin of the SARS virus, has infected hundreds since the outbreak began in Wuhan, China, in December.

Coronavirus: New research places Nigeria among high risk African countries

The study suggested other countries – among them Nigeria, Ethiopia, Sudan, Angola, Tanzania, Ghana and Kenya – would all need support with detecting and handling imported cases of the coronavirus.
Ignace Sossou quoted on his Facebook and Twitter pages comments made by Benin’s public prosecutor Mario Metonou at a media event to discuss fake news on December 17.

Facebook sued by US for $9 billion in unpaid taxes

That lawsuit went to trial in a San Francisco court on Tuesday, and the crux of the case is a 2010 deal between Facebook and an Irish subsidiary it uses to shuffle money around internationally. The IRS alleges Facebook undervalued the intellectual property it sold to the subsidiary, thereby dodging billions in taxes.
Lionel Messi, who did not score or provide an assist for the first time in a home Champions League group game since 2012, struck the bar and had the best of Barca’s six shots on target.

Lionel Messi speaks out after Barcelona social media scandal

Lionel Messi, in an interview with Mundo Deportivo, has spoken publicly for the first time since reports emerged that Barcelona hired PR firm I3 Ventures for their social media channels which were aimed at tarnishing the images of Gerard Piqué, Messi himself and others associated with the club.
The Buhari Media Organisation (BMO) says President Muhammadu Buhari’s administration will not implement policies that will affect the existence of the poor while raising revenue to fund the nation’s infrastructure projects.

BMO: President Buhari fully in-charge of critical affairs of government

The Buhari Media Organisation (BMO), says President Muhammadu Buhari is “fully in charge of critical affairs of government” in the country