Category: Oil & Gass

ExxonMobil Workers Protest over Sack of 860 Spy Police in Akwa Ibom

Aggrieved Staff of ExxonMobil in Akwa Ibom State, south-south Nigeria on Friday protested over the dismissal of 860 spy police without their entitlements. The...

OPEC Output May Be Stretched Due to Supply Crises

OPEC’s Gulf members may need to pump almost as much crude as they can to cover swelling supply losses from Venezuela to Iran and beyond, the International Energy...

Seplat Petroleum Set to Hike  Production to 12000 Barrels Daily  

An indegenious oil exploration firm, Seplat Petroleum Development Company (SPDC) has planned to step up production from its current level of 3000 to 12000 barrels per...

NNPC, NLNG, Shell, Sign MOU to Increase Gas Production to 30m MT

The Nigerian Liquefied Natural Gas company (NLNG), the Nigerian National Petroleum Corporation (NNPC), Shell, Total and AGIP have signed a contract meant to increase...

NNPC, Joint Venture Partners Endorse 40 Tcf Gas Deal

Federal government and her traditional partners in oil and gas exploration and production joint venture (JV) have reached agreement to develop some 40 trillion cubic...

Urban Demand Surge to Spur Oil Spike Above $150/b

Demand surge expected by rapid urbanisation in Asia and the inverse reserves depletion associated with low exploration budgets across the globe mean that acute supply...

Fuel Tanker Disaster: NNPC Appraises Haulage Fleet Worthiness

BY NNAMDI OLEHI Nigeria National Petroleum Corporation (NNPC) has commenced the road worthiness audit of fuel haulage tankers deployed in its retail business, debunking...

AfDB convenes Africa energy market place, to discuss new pipeline of investment in Africa 

Public, private and civil society stakeholders, including government agencies, development partners and investors in the energy sector began a two-day workshop today to...

Dangote’s new oil refinery to account for half of group assets

An oil refinery being built by Aliko Dangote will account for half of his conglomerate’s assets when it is finished next year, a senior executive told Reuters,...