Dangote Refinery Pledges Uninterrupted Fuel Supply, Cites Tariff Policy as Boost to Local Industry
The Refinery currently produces over 45 million liters of PMS and 25 million liters of diesel daily.
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Oil Price Falls To $70 A Barrel Amid Surge In Omicron Variant
Crude oil prices on Monday fell by 4 per cent over rising cases of the Omicron coronavirus variant in Europe and the United States. Brent crude futures, the global benchmark, dropped by $3, or 4%, to $70.58 a barrel by 11:00 GMT+1
Oil Price Drops To $73 On Omicron Concerns
Emerging reports have claimed that the price of crude oil dropped amid surging cases of Omicron coronavirus variant. The reports read that that Brent Crude futures plunged by 1.61 percent to $73.41 per barrel at 4:09 pm, while U.S. West Texas Intermediate
Nigeria’s Oil Production Increases By 2.55 Million Barrels – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) on Tuesday said crude oil production in Nigeria increased by about 2.55 million barrels in the month of November 2021. OPEC noted that the country’s crude oil production rose by 85,000 barrels to 1,420,000 barrels
NNPC To Stop Rising Cooking Gas Price, Increase Supply
The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, disclosed that the NNPC was making efforts to increase the supply of Liquefied Petroleum Gas, popularly called cooking gas, in a bid to force down its price. Kyari, who
African Football Legend Eto’o Emerges Cameroon’s FA President
Former international Samuel Eto’o will run Cameroonian football for the next four years after being elected head of the country’s FA on Saturday. The four-time African Footballer of the Year defeated rival Seidou Mbombo Njoya, the fourth vice-president at the Confederation of
Special Report On Nembe Oil Spill Indicts AITEO, Shell, Others
A special environmental report about the Nembe oil spill incident in Bayelsa State has revealed that operational failure on the part of Aiteo Exploration and Production Company Limited, and Shell Petroleum Development Company was responsible for both the current hydrocarbon disaster and
Minister, Aiteo Give Update On One Month Old Oil Spill In Nembe
Aiteo, operator of Oil Mining Lease (OML) 29, on Wednesday disclosed that it has succeeded in putting out the leak on its Santa Barbara wellhead in Nembe, Bayelsa state. The Minister of State for Petroleum, Timipre Sylva, who confirmed the stoppage of the
Nigeria Records Zero Revenue From Oil Export – NNPC
Nigeria, according to the Nigeria National Petroleum Corporation (NNPC’s) latest report, got no revenue from crude oil export in the month of October. The NNPC, in the report to the Federation Account allocation Committee (FAAC) released at the weekend, disclosed that petrol
PIA Poised To Drive Investment In Oil Industry, Says Wabote
EXECUTIVE Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, has said that Nigeria’s Petroleum Industry Act passed in August this year, is an investment-friendly law
Wabote Talks On Nigeria’s Oil Sector In Emerging African Market Integration
As Realnews Magazines organizes its 9th Anniversary Lecture scheduled to hold on Thursday, November 18, the Executive Secretary, Nigerian Content Development and Monitoring Board, (NCDMD), Engr. Simbi Kesiye Wabote will be the guest lecturer for the event.
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