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Theft hurts Nigeria´s oil output but crackdown intensifies

ABUJA, Nigeria (AP) - Nigeria is losing 470,000 barrels of crude oil per day to theft and pipeline vandalism, regulators say, and has now...

NUPRC set to close 2020 marginal oilfield bid round

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced on Tuesday that the 2020 marginal field bid round would be completed. According to the NUPRC,...

Nembe Spill Investigation: Diri disagrees with NOSDRA

Nembe Spill Investigation: Diri disagrees with NOSDRA. Nigeria's National Oil Spill Detection and Response Agency (NOSDRA) Director General, Mr. Idris Musa, has voiced unhappiness with the...

Shell trains 40 Imo youths for Assah North-Ohaji South gas project

LEADING energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC) has commenced a one-year professional and vocational training for 40 youths from...

Dangote Refinery To Hire Workers Next Month

In the coming months, Dangote Industries Limited will increase the number of people working at the Dangote Refinery Project from 40,000 to 57,000. He said...

How price differentials Is fueling petrol smuggling – NNPC

The Nigerian National Petroleum Corporation (NNPC) has explained that concerted efforts by the Corporation and some Federal agencies to combat the menace of smuggling...

PIC Group, an Oil and Gas equipment and service provider, was awarded a services contract for a new refinery in Nigeria.

Azikel Petroleum Ltd. has engaged into a 5-year service agreement with PIC Group for the construction of the Azikel Refinery, which will be situated...

ExxonMobil’s Chemical segment had its best-ever quarter, with earnings of $4.7 billion.

ExxonMobil Corporation forecasted $4.7 billion in second-quarter 2021 earnings, or $1.10 per share, up from a $1.1 billion loss in the second quarter of...

FADM Energy has appointed a new chairman to help the company achieve its expansion goals.

31 July 2021 Oliver Andrews, the Africa Finance Corporation's former executive director and chief investment officer, will start a new job on August 2nd. Nigeria-focused and...

Angola ready to increase taxes on fuel exports by 230%.

31 July 2021 The Angolan government is considering revising the taxation regime that applies to fuel exports. The proposal by José Alexandre Barroso, Secretary of...

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