A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
As a move to achieve $10 per barrel crude oil production cost, the Nigerian National Petroleum Corporation, NNPC, has insisted on stakeholders’ collaboration in the oil and gas industry.
Read More
***As Elumelu’s Heirs Holdings’ subsidiary, Tenoil, comes on stream in Q2’21 By Udeme Akpan Nigeria’s oil production capacity is set to increase by additional 3,500 barrels per day, bpd, following the expected coming on stream of Ata Field in the Second Quarter (April-June) of 2021. Ata field, located at Oil Production Licenses, OPL 2008, belongs
Read More
Oil pumping has resumed from various oil fields of Tunisian Sahara, in the southern region of Tataouine, after an interruption of more than four months due to a blockade by young people in the area demanding the implementation of an agreement they signed with the government on the creation of jobs for the jobless in
Read More
THERE are indications that oil exploration and production, have dropped in Nigeria, as the rig count, a major indicator, dipped from 16 to eight, according to the June, 2020, report of the Organisation of Petroleum Exporting Countries, OPEC just released.
Read More
The Nigerian Content Development and Monitoring Board, NCDMB, has stated that a number of investment opportunities in the oil and gas industry abound in Brass, which if developed, would help force down the cost of crude oil and gas production as stipulated by the Minister of State for Petroleum Resources, Chief Timipre Sylva.
Read More The Nigeria’s Gross Domestic Product (GDP) has grown by 2.28 percent in the third quarter of 2019, Q3’19, just as oil production hits a three year high.
Read More
The National Bureau of Statistics (NBS) has revealed that the country’s gross domestic product (GDP) grew by 2.28% in the third quarter of 2019. This is 0.17 percentage points higher than the 2.12% revised GDP growth recorded in the second quarter. The GDP report which was released on Friday shows that the average daily oil
Read More
Saudi Arabia’s energy minister Abdulaziz bin Salman said that half of the crude oil production that was disrupted due to the weekend attack on Aramco’s oil facilities had been restored.
Read More
Nigeria on Monday reaffirmed its strong support for the nine-month extension in oil production cut under the ‘’Declaration of Cooperation’’ which seeks to improve global oil market stability among OPEC members.
Read More
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says the corporation will strive to use new technology to reduce the cost of crude oil production for economic development.
Read More