The Department of Petroleum Resources (DPR) says Nigeria is losing over 4.9 million dollars (more than N735 million) daily to gas flaring.…
Oil and Gas
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The Nigeria National Petroleum Corporation has borrowed $1.4 billion to pay debts it owed to companies it bought petroleum products from. The…
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In a bid to protect the nation’s environment, the Ministry of Environment has commenced moves to make oil spillage a criminal offence,…
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African Independent oil and gas company Taleveras has signed a Farm-Out Agreement with a subsidiary of LUKOIL, Russia’s largest private oil company,…
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The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a…
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Federal government has opened up 10 power plants under the National Integrated Power Project (NIPP) for international investment in London. Prof. Chinedu Nebo,…
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The hunt for Royal Dutch Shell’s next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what…
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By Omoh Gabriel Business Editor in Washington D.C The Minister of Finance and Coordinating Minister of Economy Dr. Ngozi Okonzo-Iweala said in…
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Defence Headquarters has said crude oil theft had dropped from 60,000 barrels per day (bpd) to 23,000. The Chief of Training and…
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The Federal High Court has in Abuja declared the Federal Government policy on deregulation of the downstream sector as unconstitutional. Mr Bamidele…
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Rep. Abdulmumin Jibrin, the Chairman, House of Representatives Committee on Finance, has alleged that the NNPC has never paid revenue it generated…
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Managing Director, Nigerian Liquefied Natural Gas (NLNG) Mr Babs Omotowa says Nigeria is producing about 23 million tonnes of gas annually. Omotowa…
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Royal Dutch Shell declared force majeure on the Nigerian Bonny Light crude oil grade due to a leak on a pipeline, a…
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The Petroleum Industry Bill (PIB) generated strong debates in the Senate in Abuja on Monday with majority of the Northern senators demanding…
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Nigeria Liquefied Natural Gas Company (NLNG) has appointed France’s BNP Paribas and GT Bank to help raise around $1.6 billion for six…