Buhari charges NLNG to fast-track Train 7 project
President Muhammadu Buhari Tuesday charged that the Nigeria Liquefied Natural Gas (NLNG) Train 7 be delivered on time so that…
IOCs Call for Urgent Passage of Petroleum Industry Bill
International oil companies operating in Nigeria have called on the National Assembly to ramp up efforts in passing the Petroleum…
Nigeria’s gas reserves rises to 206.53tcf
The Department of Petroleum Resources (DPR) says Nigeria’s proven gas deposits have risen to 206.53 trillion cubic feet (tcf) from…
‘Africa needs $15.7bn to upgrade refineries’
The African Refiners and Distributors Association (ARDA) has said Nigeria and other African countries will need about $15.7bn to upgrade…
NNPC Violates Own Guideline, Reports Production Shut-In as Loss
The Nigerian National Petroleum Corporation (NNPC) has violated its own guidelines, reporting production shut-ins as losses. The violation is contained…
OPEC to Acquire Vaccines to Speed up Oil Demand Recovery
The Organization of Petroleum Exporting Countries, OPEC has revealed plans to invest in vaccines to support developing countries to speed…
Sylva Commissions UNICORN Incubation Campus
The Minister of State for Petroleum Resources, Chief Timipre Sylva on Tuesday in Lagos commissioned the UNICORN Incubation Campus, reputed…
Oil Settles After Hitting 15-Month Highs on Demand Prospects
Oil prices settled higher on Tuesday, with Brent hitting above $71 and trading at its highest since March, on expectations…
Rebounding Energy Investment to Fall Short of Net Zero Path – IEA
Investment in energy is on track to recover by nearly 10% in 2021 as the world emerges from the COVID-19…
NNPC to Acquire Equity in Six Local Private Refineries
The Nigerian National Petroleum Corporation, NNPC, is currently considering equity participation in six private refineries in the country in line…