THE Nigerian Content Development and Monitoring Board (NCDMB), has waded into the N970 million dispute between the Nigeria Liquefied Natural Gas (NLNG), and a Nigerian company, Macobarb International. News Agency of Nigeria (NAN) gathered that the N970 million contractual dispute is being mediated by the NCDMB as reconciliatory meetings were held at NCDMB’s headquarters in…
Nigerian President, Muhammadu Buhari, has approved the temporary sale of government’s rights (stakes) in 57 of oil blocks as the novel Coronavirus weighs in on the economy of the Africa’s biggest crude exporter. The Department of Petroleum Resources (DPR), an agency of Nigerian government, which stated this, noted that it had on Monday, June 1,…
The Nigerian government has lifted the 61-day lockdown of Mosques and Churches as it lifted a ban on religious gatherings across the country. President Muhammadu Buhari, in a nationwide broadcast on Sunday March 29, ordered the lockdown of Lagos State, Ogun state and Federal Capital Territory (FCT) including a restriction on religious activities. This lockdown,…
Victoria Island, Lagos – The Department of Petroleum Resources (DPR), on behalf of the Federal Government of Nigeria, has formerly announced the commencement of 2020 Marginal Field Bid Round exercise. The Bid Round exercise is open to indigenous companies and investors interested in participating in Exploration and Production (E&P) business in Nigeria. A total…
Marketers insist on free market as PPPRA fixes N102.13 per litre ex-depot price Nigeria, Africa’s biggest crude exporter, on Monday released a new price band for retail stations across the country in which it slashed the least pump price for Premium Motor Spirit (PMS) also known as petrol to N121.50, about $3, per litre….
This Jan. 30, 2012 photo, shows the sign for the ExxonMobil Torerance Refinery in Torrance, Calif. Exxon said Tuesday, Jan. 31, 2012, its fourth-quarter earnings rose 2 percent as higher oil prices made up for a drop in production. (AP Photo/Reed Saxon) ExxonMobil has reduced its gas flare in Guyana from 80 million cubic feet…
The Future Maritime Leaders essay competition represents a valuable opportunity for young people aspiring to become high-level leaders of the future to meet and engage with senior maritime stakeholders. This year’s topic: ‘Over the next decade, how can the maritime sector continue to contribute to realizing the Sustainable Development Goals?’ was selected because the global maritime…
The people of Brass Kingdom in Bayelsa State are seeking for the remediation and compensation for the 150,000 barrels of toxic waste being discharged by the Nigerian Agip Oil Company (NOAC) yearly into Brass river. According to the community this huge waste discharge has over the years brought about environmental pollution to their source of…
Nigeria and Iraq yet to meet their share of OPEC+ production cut as the entire member countries record the lowest production output in two decades in this month of May. On average, the 13-member Organization pumped 24.77 million barrels per day (bpd) this month, down by 5.91 million bpd from April’s revised figure. OPEC…
President Muhammadu Buhari has approved the reconstitution of the Board of the Nigerian National Petroleum Corporation (NNPC), after the expiration of the term of the board members appointed in 2016. Members of the new Board are: Mohammed Lawal (North West), Tajudeen Umar (North East), Adamu Mahmood Attah (North Central), Senator Magnus Abe (South South), Dr…
