The Senate has declared that it is planning laws that would bring about sanity and eliminate corruption in the Nigerian oil and gas industry.Read More
Nigeria’s oil production has received a boost as Salvic Petroleum Resources Limited, an indigenous company has increased production in its Oil Mining Lease, OML 30, regarded as the country’s second largest onshore oil and gas asset, from zero-level to 75,000 barrels per day, bpd.Read More
THE Secretary General, Organisation of Petroleum Exporting Countries, OPEC, Mohammad Sanusi Barkindo has called for increased cooperation among stakeholders in order to achieve stability in the global market.Read More
METKA, the strategic business unit of MYTILINEOS S.A, leading international EPC contractor and industrial manufacturing group, is set to boost access to power with the Nigeria launch of EXERON, a unique and innovative power conversion system that provides reliable power in non-electrified regions and unreliable grid locations.Read More
Baker Hughes, in partnership with a local firm, TREXM Oil & Gas Services, has unveiled its new metering solution in the Nigerian market known as Sentinel LCT8 to help players in the oil and gas sector cut costs, reduce risk, and increase their operating efficiency.Read More
A mining expert, Oyewole Oworu, has urged the Federal Government to restart Ajaokuta Steel Company without further delay.
In an interview with Sweetcrude, Oworu stated this would reverse the poor fortunes of the company.
The Nigerian National Petroleum Corporation, NNPC, incurred N45.783 billion as under-recovery on Premium Motor Spirit, PMS, also known as petrol, in the month of January 2018, according to data obtained from the corporation.Read More
The Federal Government, yesterday, disclosed that N1.7 trillion would be pumped into the Niger Delta between now and 2021 to pursue the development of the region.Read More
ExxonMobil affiliate, Mobil Producing Nigeria Unlimited, MPN, operator of the Nigerian National Petroleum Corporation, NNPC/MPN Joint Venture, has announced plans to invest over N13 billion (about US$43 million) in three sectors mainly health, economic empowerment and education, in Akwa Ibom State in the next 18 months.Read More
Oil price is now trending towards $80 per barrel following bullish trading that heightened yesterday in the international market which saw the price leap to $78 yesterday, up from $67 April average.Read More
Oil prices held steady on Tuesday as the dollar remained near a four-month high, with crude supported by worries that U.S. President Donald Trump may pull out of the Iran nuclear deal.Read More
The Minister of State, Petroleum Resources, Dr. Ibe Kachikwu has denied his interest and involvement in Oil Mining lease, OML 11, transferred to Chevron Nigeria limited.Read More
Despite innovations, there are indications that oil and gas would continue to dominate the global energy mix, at least in short and medium term. Consequently, many nations, including African countries have resolved to invest massively in oil and gas exploration and production, targeted at making new finds, increasing reserves and production capacity to guarantee commercial supplies to domestic and global market.Read More
The Department of Petroleum Resources, DPR, said it has granted licences for the establishment of modular refineries to 25 investors as against 38 reported.Read More
British Petroleum, BP has appointed Helge Lund to succeed Carl-Henric Svanberg as chairman of BPRead More