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oil-depot

No import licences for debtor oil marketers – FG

The Federal Government on Monday stated that it would not issue petroleum product import licences to oil marketers who failed to clear their outstanding statutory...

MRS Oil inaugurates Africa’s largest oil jetty

MRS Oil inaugurates Africa’s largest oil jetty

MRS Oil Nigeria Plc on Saturday inaugurated Dantata Jetty, a terminal, which has the capacity to berth vessels of 80,000 – 120,000 metric tonnes capacity, at the Tin...

modular refineries

American investor earmarks $200m for Nigeria’s 1st modular refinery

  The Federal Government’s plan to establish modular refineries in the oil producing areas has received a boost with a leading United States modular refinery...

FG mulls legal instrument to unlock offshore gas exploration

Niger Delta blueprint out in May — FG

The Federal Government, yesterday, said that the blueprint for the Niger Delta, designed to pursue the development of the region and end militancy, will be ready in...

Minister of State for Petroleum, Dr Ibe Kachikwu

FG renews commitment to peace in Niger Delta

The Federal Government on Thursday renewed its commitment to restoring lasting peace and progressive development in the Niger Delta region. The government spokesperson...

FG mulls legal instrument to unlock offshore gas exploration

FG denies indebted petroleum marketers import license

The Minister of State for Petroleum Resources, Ibe Kachikwu, has directed the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Nigerian National Petroleum...

OPEC president says oil market is correcting

Nigeria records slight increase in crude oil rig count

Nigeria’s oil rig count slightly increased to 26 in February, from the 25 recorded in January, this year, Baker Hughes Incorporated and the Organisation of...

Navy destroys 40 illegal refineries in Delta

FG may transform illegal refiners to shareholders of proposed modular refineries

Local “illegal” refiners in the oil-producing communities maybe co-opted as shareholders in the Federal Government’s proposed modular refineries, a presidency...

Simbi Wabote

Comply with NOGICD Act, NCDMB tells oil companies

All new projects must comply with the provisions of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010, the Executive Secretary of Nigerian Content...

OPEC president says oil market is correcting

Award oil blocks, refineries’ licenses to oil communities – HOSTCOM tells FG

Oil-producing communities, under the auspices of Host Communities of Nigeria, Producing Oil and Gas (HOSTCOM) have called on the Federal Government to immediately...

Commission okays Norway's $1tr wealth fund oil stocks investments

US shale oil ‘wakes up’ to frustrate rising crude prices

The resilience of the US shale is set to frustrate the Organisation of Petroleum Exporting Countries (OPEC) and inevitably the Nigerian economy. In 2016, Ali Naimi of...

oil-workers_1

‘$10b yearly investment in oil, gas coming’

The Federal Government plans to attract $10 billion investment into the oil and gas industry yearly to bridge infrastructure gap.The Minister of State, Petroleum...