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LATEST ARTICLES

FG targets $10/b oil production cost

The Federal Government is working towards attaining a $10 per barrel production cost sealing in the oil and gas sector, the Minister...

Trafigura-backed alliance qualifies for Nigeria’s marginal oilfield bid round

ADM Energy PLC has qualified to participate in the Nigerian government’s first oilfield licence bid round since 2003.

San Leon acquires 10% interest in new Nigerian Oil Export System

San Leon Energy, an independent oil and gas production, development and exploration company focused on Nigeria, has announced that it is investing...

Nigerian oil companies lose over N84 billion revenue in 3 months

Revenues of some of the major oil and gas companies quoted on the Nigerian Stock Exchange fell by about 38 per cent...

NIMASA seeks collaboration to enhance Dockworkers’ welfare, rights

The Nigerian Maritime Administration and Safety Agency (NIMASA) has declared a renewed commitment towards furthering the interest of stevedores as captured in...

Hellenic Shipping reports dip in Nigerian cargo import volume

…Experts forecast NGN1bn daily loss The economic effects of the novel coronavirus (COVID-19) may begin to manifest in the...

C&I Leasing raises N2.3bn fresh capital to boost operations

C & I Leasing Plc has raised about N2.26 billion through a rights issue to boost its operation. The company had set...

LASWA deploys safety systems on waterways ahead of bridge closure

The Lagos State Waterways Authority (LASWA) says it has deployed measures to ensure maximum safety for commuters who choose waterways, following the...

NIMASA, Customs to address Temporary Import Permit abuse

The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Customs Service (NCS) have agreed to join forces to close loopholes...

DPR urges lubricant producers to explore export options

…Warns against circulation of substandard lubricants in Bauchi Mr Auwalu Sarki, Director, Department of Petroleum Resources (DPR) has enjoined...

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Four lessons Nigeria must learn from Beirut Port blast

Less than 48 hours to the 75th anniversary of the detonation of an atomic bomb over the Japanese city of Hiroshima by...

Petroleum industry unions seek clarity over new fuel price

As more marketers raised the pump price of Premium Motor Spirit (petrol) on Thursday, the Nigeria Union of Petroleum and Natural Gas...

NNPC takes step to end Oil Mining Lease 130 dispute

The Nigeria National Petroleum Corporation (NNPC), China’s CNOOC Ltd and South Atlantic Petroleum (SAPETRO) signed a preliminary agreement to resolve a dispute...

Glencore posts record oil trading earnings despite lower volumes

…Crude, product volumes slip 8% to 4.27 million b/d…Trading opportunities soar during pandemic upheaval…Reports $2.6 bil net loss on coronavirus impairments