Govt eyes 2.2mbpd crude oil production by Jan. 2019, says Kachikwu

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu The federal government is targeting to grow the country’s crude oil production to 2.2 million barrel per day by the end of January, 2019, the Minister of State for Petroleum Resources, Dr Ibe kachikwu has disclosed. He said this at the Ministry’s Presentation of its achievements More...

by Felix OLOYEDE | Published 23 hours ago
By Felix OLOYEDE On Wednesday, December 12th, 2018
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OPEC to review cuts impact in April

OPEC Oil producers who agreed last week to trim production to boost prices will meet in April to review the impact and sign a long-term pact, the UAE minister said Wednesday. OPEC and some non-OPEC producers decided More...

By Felix OLOYEDE On Wednesday, December 5th, 2018
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MOMAN, DAPPMA, IPPIs’ proposed strike act of sabotage, says IPMAN

Strike action in the upstream of oil and gas sector is often characterized by fuel scarcity. The threat by some oil marketers to embark on strike action over lingering fuel subsidy debts is act of sabotage, said More...

By Felix OLOYEDE On Tuesday, December 4th, 2018
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NNPC awards contract for protection of Trans Forcados pipeline

The Nigerian National Petroleum Corporation (NNPC) has awarded a contract for the protection of the Trans Forcados pipeline, a key crude export line that is a frequent target of sabotage and oil theft. Under the More...

By Felix OLOYEDE On Saturday, December 1st, 2018
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NNPC targets 10% global LNG market share 

As part of its strategic aspirations to drive maximum value from Nigeria’s abundant natural gas resources, the Nigerian National Petroleum Corporation (NNPC) is targeting 10 per cent market share of the global More...

By Felix OLOYEDE On Thursday, November 29th, 2018
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PPMC charges MOMAN to regulate fuel supply to stations near borders

The Managing Director of the Petroleum Products Marketing Company (PPMC), Mr Umar Ajiya, has urged Major Marketers Association of Nigeria (MOMAN) to regulate the volume of petroleum products dispatched to their More...

By Felix OLOYEDE On Thursday, November 29th, 2018
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NNPC debunks 70,000 staff claim

The Management of the Nigerian National Petroleum Corporation (NNPC) has clarified that it has neither 70,000 staff in its employ nor is it embarking on a staff performance probe. The clarification is sequel to More...

By Felix OLOYEDE On Wednesday, November 28th, 2018
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Oil price drop: Nigeria, Saudi strategise for OPEC

OPEC Nigeria and Saudi Arabia have met to strategise ahead of the Organisation of Petroleum Exporting Countries (OPEC) meeting in Vienna, in December. Dr Ibe Kachikwu, Minister of State for Petroleum Resources, More...

By Felix OLOYEDE On Saturday, November 24th, 2018
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Cooking gas price goes up in Oct., say NBS report

Cooking gas cylinder The average cost of refilling a five kilogramme (kg) cylinder for Liquefied Petroleum Gas (Cooking Gas) increased from N2,107 recorded in September to N2,145.30 in October, the National Bureau More...