Oil alone accounts for 40 pre- cent of the country’s GDP, 70 per cent of budget revenue, and 90 per cent of foreign exchange earnings. With...
Indigenous company, Belema Oil, Seplat and Nigerian Petroleum Development Company, an arm of the Nigerian National Petroleum Company (NNPC) were the worst offenders in the oil...
Seismic acquisition technology and solutions provider, STRYDE, has been awarded a contract worth over $1 million for the supply of 10,000 seismic receiver nodes and its...
The Nigerian National Petroleum Company Limited (NNPCL) says it has cleared the outstanding $3.8 billion joint venture cash-call debts owed to International Oil Companies (IOCs) operating...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the country’s gas reserves currently stand at 208.83 trillion cubic feet, offering potential investors a huge...
A stakeholder and Group Managing Director of Alphaden Group, Engr. Paschal Anyanwu, has advocated the setting up of mini gas plants for the processing of Liquefied...
On Friday, April 7th, Brent crude closed at over $85 per barrel. That was a few days after OPEC+ had announced it would reduce its production...
The National Hajj Commission of Nigeria (NAHCON) has said it has reached an agreement with the Nigerian National Petroleum Company (NNPC) for availability of ‘Jet A’...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the commission will continue to support indigenous oil companies to grow, especially with the right policies and regulations....
The Federal Ministry of Power has lamented that despite huge subsidisation of electricity bills in the country, many Nigerian consumers, including corporate bodies, still default in...
