Archives for Oil and Gas - Page 48
Oil exploration suffers setback as Nigeria’s rig fall 33%
With many oil and gas companies struggling to stay afloat amid the current market situation, exploration activity in the country has suffered a decline as the number of…
China, Iran sign $400bn secret oil pack
China and Iran recently signed a 25-year trade deal not surprising given that one is a major OPEC producer and the other one of the world’s largest importers of crude.…
NNPC records 43% drop in pipeline vandalism, 15.33% rise in operating revenue in May
The Nigerian National Petroleum Corporation (NNPC) has recorded a 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May, 2020.…
Sylva, Kyari, Wabote hail SEPLAT as pride of indigenous operators, gas revolution strides
L-R: Mr. Austin Avuru. outgoing CEO, SEPLAT; Dr. ABC Orjiako, Chairman, SEPLAT; Mr. Basil Omiyi, Independent Non-Executive Director, SEPLAT; and Mr. Roger Brown, incoming CEO, SEPLAT, during the inaugural edition…
NNPC officials stole 48 million barrels of oil – Firm
An oil trading firm, Samano Sa De CV, has written a letter to the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, demanding five per cent reward…
NNPC Fires 850 Refinery Workers, Others
The Nigerian National Petroleum Corporation (NNPC) has sacked 850 workers. Many of the affceted staff from refineries, amidst the coronavirus pandemic, an oil union said on Tuesday. The workers are…
NNRP calls on Government to refocus NNPC for productivity, profitability
The Nigeria Natural Resource Charter (NNRC), a non-profit policy institute, committed to effective natural resource governance in Nigeria calls on the Federal Government to use the opportunity provided by the…
NDDC Attributes N2tri Debt To Emergency Projects
The Niger Delta Development Commission (NDDC) on Monday attributed the N2 trillion debts owed vendors and contractors to projects executed in the region. The NDDC Director of…
Anambra billionaire oil magnate dies at 75
One of the richest oil magnates in the country, Chief Anthony Enukeme, is dead. He was 75. The Chief Executive of Tonimas Oil and gas group,…
Subsidy removal paves way for more liquid , competition for downstream oil, gas industry
By Ngozi Onyeakusi-- The principal consultant drnl consult limited, Ronke Onadeko has said that removal of oil subsidy by the Federal Government will pave way for more competitive and liquid…
