Recent news & event
Ahead of the 2019 target date for the cessation of petroleum products importation by the Federal Government, the Nigerian National Petroleum Corporation (NNPC) has announced that its three refineries in Port Harcourt, Warri and Kaduna now supplied 60 per cent of Dual Purpose Kerosene (DPK), popularly known as kerosene, consumed in the country. Speaking at…
Members of Association of Mega Filling Station Owners of Nigeria (AMFSON) across the country have vowed and concluded plans to embark on peaceful public protest to shut down headquarters of Nigerian National Petroleum Corporation (NNPC), Abuja. The filling station owners, had in a letter, addressed to the Group Managing Director (GMD) of NNPC, Dr. Maikanti…
The French government has said that it has set aside about one billion Euros to be invested in the Nigeria oil and gas industry, stating that Nigeria remains her first economic trading partner in Africa. France Ambassador to Nigeria, His Excellency, Denys Gauer, declared this when the Group General Manager, Group Public Affairs Division (GPAD)…
Ondo State government has assured oil companies of the safety of their investments in the oil-rich communities of the state. Governor Rotimi Akeredolu gave the assurance during the commissioning of a mobile X- ray machine donated to the General Hospital, lgbokoda by Chevron Nigeria Limited CNL/NNPC JV. Speaking through his Senior Special Assistant on Oil…
Investment in the oil and gas industry will see a tentative recovery in 2017 after an “unprecedented contraction” in 2016 and 2015 in face of stubbornly low energy prices, the International Energy Agency said in a report on Tuesday. The IEA said upstream oil and gas investment — such as in exploration and production facilities…
Minister of state for petroleum Emmanuel Kachikwu during a Bloomberg Television interview from Rome, predicted that the price of crude oil currently floating around $55 since December will sooner or later increase by $10 due to OPEC measures to curb insider dealing. He also said over the next few months the effect of the measures…
