Mordi chukwunonso Esther The Executive Secretary, Nigerian content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has said that the Nigerian Oil and Gas Park being developed by the Nigerian Content Development and Monitoring Board (NCDMB) at Emeyal 1, Bayelsa State would be completed in the 4th quarter of 2022.Wabote spoke on Wednesday after…
Mordi chukwunonso Esther The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Nigerian Government to allow investors to run the three refineries. The National Secretary of the association, Alhaji Danladi Pasali disclosed this in an interview with the NAN in Abuja on Wednesday. His comment was in reaction to the report that the…
Mordi chukwunonso Esther Bauchi state Governor, Bala Mohammed has signed into law, a bill establishing the Bauchi state Oil and Gas Academy, Alkaleri, and two other bills. The News Agency of Nigeria (NAN) reports that the other bills signed into law by the state governor were, a law on Tree Planting and Conservation, and the…
The Department of Petroleum Resources (DPR) said it is deploying technology to enhance value for operators and investors in the downstream subsector of the Nigerian oil and gas industry, through its ongoing automation process. The Director of DPR, Mr. Sarki Auwalu, stated this at a virtual meeting with the members of the Major Oil Marketers…
11 PLC, which until October 2016 was known as Mobil Oil Nigeria Plc, has written explanatory statement to its shareholders, proposing voluntary delisting of its more than 360.592 million ordinary shares from the daily official list of the Nigerian Stock Exchange (NSE) by the end of the first quarter, in furtherance of a resolution passed…
By Ikenna Omeje As the price of crude oil inches above $60 per barrel, the Minister of State, Petroleum Resources, Chief Timipre Sylva has asked Nigerians to be ready to bear the pains of increased petrol pump price. Sylva who gave the admonition while speaking at the official launch of Nigerian Upstream Cost Optimisation Programme…
The International Monetary Fund (IMF) is projecting that the Dangote refinery would help Nigeria’s economic recovery drive when it starts production in 2022. In a country focus article published on Monday, the Bretton wood institution said the refinery, owned by Aliko Dangote, Africa’s richest man, would help the country improve its current account (CA) balance….
Mordi chukwunonso Esther THE Nigerian National Petroleum Corporation, NNPC, has announced a trading surplus of ₦13.43 billion for the month of November 2020, up by 54% when compared to the ₦8.71 billion surplus recorded in October 2020. This is contained in the November 2020 edition of the NNPC Monthly Financial and Operations Report. MFOR, according…
Mordi chukwunonso Esther The Rivers State Government has signed a partnership agreement with the Hydrocarbon Pollution Remediation Project, HYPREP, for the provision of potable water in oil impacted communities in Ogoniland. Dr. Tamunosisi Govo-Jaja, Rivers State Commissioner for Water Resources and Rural Development, said the move was part of the critical project of the remediation…
Mordi chukwunonso Esther The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has announced an increment in the retail pump price of premium motor spirit, commonly known as fuel, from N160 to N178 per litre. National President of PETROAN, Dr. Billy Gillis-Harry, who made the announcement in Port Harcourt, said the increment was imperative…