Oil Prices Jump After Iranian General Killed By US

Oil Prices Jump After Iranian General Killed By US

Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could escalate tensions in the region and affect global oil production. The price of Brent crude jumped by more than 3%...
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Train 7: NLNG Takes Final Investment Decision

Train 7: NLNG Takes Final Investment Decision

Nigeria LNG Limited (NLNG) on Friday in Abuja took the Final Investment Decision (FID) for its Train 7 Project, which will increase its production by 35% and its competitiveness in the global LNG market.  A statement issued by General Manager,...
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Mandilas, NNPC Unveil Quick-Service Centre In Abuja

Mandilas, NNPC Unveil Quick-Service Centre In Abuja

As the count-down begins to next year’s Mandilas’ 70th anniversary of doing business and providing services in Nigeria, the Group has reiterated its commitment to the economy and its teeming customers in all parts of the country. The management has...
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Shell, Firm Seal $245m Charter Deal

Shell, Firm Seal $245m Charter Deal

Petroleum and chemical tanker owner, AET Tanker Holdings has secured $245million time charter contracts with Brazil Shipping I Limited, a subsidiary of Royal Dutch Shell. Under the terms of the deal, AET said it would own and operate the related newbuilding.....
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NLNG Photo News

NLNG Photo News

 (L-R) GMD, Aiteo Eastern Exploration & Production Co. Ltd., Victor Okoronkwo; Executive Secretary, NCDMB, Engr. Simbi Wabote; Minister of State for Petroleum Resources, Chief Timipre Sylva; NLNG MD, Tony Attah; Emmanuel Uleh, Head, NC Compliance Assuranc...
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NNPC, Firm Seal Abuja-Kaduna-Kano Pipeline Project Deal

NNPC, Firm Seal Abuja-Kaduna-Kano Pipeline Project Deal

The Nigerian National Petroleum Corporation (NNPC), China Petroleum Pipeline Engineering Company Limited (CPPECL) and Brantex Consortium, have concluded plans for the commencement of work on the Abuja-Kaduna-Kano Pipeline (AKK) project. The Group Managing Dire...
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DPR Sanctions Petrol Outlets, Two Gas Plants

DPR Sanctions Petrol Outlets, Two Gas Plants

The Department of Petroleum Resources (DPR), Warri Zonal Office has sanctioned three petrol stations and two gas plants over alleged sharp practices in Delta State.Mr Antai Asuquo, Warri Zonal Operations Controller of DPR, represented by Mr Victor Ohwodiosa, t...
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Nigeria Implores ExxonMobil, Others On Collaboration

Nigeria Implores ExxonMobil, Others On Collaboration

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has tasked ExxonMobil and other International Oil Companies (IOCs) on strong collaboration to ensure efficient oil and gas sector in Nigeria. A statement signed by Alhaji Garba Deen Muhammad, ...
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Total DMD: Larger Portion Of Nigeria’s Oil, Gas Untapped

Total DMD: Larger Portion Of Nigeria’s Oil, Gas Untapped

There are billions of barrels of oil and trillions cubic feet of gas yet to be discovered in Nigeria, Deputy Managing Director, Deep Water District of Total Exploration and Production Nigeria Limited, Mr Ahmadu Kida-Musa, has said.   Speaking on...
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NNPC Secures $1.16m Grant For Abuja Power Plant

NNPC Secures $1.16m Grant For Abuja Power Plant

The Nigerian National Petroleum Corporation (NNPC) and the United States Trade and Development Agency (USTDA) have concluded arrangement to sign a $1.16 million grant as part funding for the NNPC-Abuja Independent Power Project (IPP) modelled to generate 1,350...
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NLNG Trains 89 Youths In Farm Management, Welding, Others

NLNG Trains 89 Youths In Farm Management, Welding, Others

Eighty-nine (89) youths, selected from the 110 host and pipeline communities of Nigeria LNG Limited (NLNG) on Tuesday in Port Harcourt graduated from the company’s skill acquisition and capacity building programme, Youth Empowerment Scheme (YES).YES is one o...
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14 Firms Bid For OML 119 Redevelopment Financing

14 Firms Bid For OML 119 Redevelopment Financing

The Nigerian National Petroleum Corporation (NNPC) has publicly opened bids from 14 companies for the financing and redevelopment of Oil Mining Lease (OML) 119. The Corporation disclosed this in a statement issued by its Acting spokesman, Mr Samson Makorji, in...
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DPR Warns Depot Owners, Oil Marketers Against Diversion, Price Hike

DPR Warns Depot Owners, Oil Marketers Against Diversion, Price Hike

The Department of Petroleum Resources in Cross River has warned depot owners and marketers to desist from diversion of product, saying that anyone caught would face appropriate sanctions.The Operations Controller of DPR in Cross River, Mr Philip Awolu, gave th...
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Techno Oil Boss Task Agencies On Importation Of Fake, Sub-Standard Cylinders

Techno Oil Boss Task Agencies On Importation Of Fake, Sub-Standard Cylinders

The Chief Executive Officer, Techno Oil Liquefied Petroleum Gas (LPG) cylinder manufacturing plant, Mrs Nkechi Obi has urged the Federal Government and relevant agencies to  put measures in place to stop importation of fake and sub-standard cylinders. Spe...
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