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OPEC deepens Nigeria’s economic recovery by staying oil cut exemption

OPEC Ibe kachukwu

A star indications that Nigeria’s economy is set to sustain recovery from recession emerged Friday following the meeting of the Joint Ministerial Monitoring Committee of the Organisation of Petroleum Exporting ...

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Confusion as two figures emerge on FG’s debt to Discos

Babatunde Fashola

Disquiet is brewing between the Ministry of Power, Works and Housing and electricity Distribution Companies (Discos) over the exact amount owed by Ministries, Departments and Agencies (MDAs). Whereas the Discos ...

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‘Chevron’s social interventions are driven by needs’

Chevron Jeffery Ewing

Leading multinational oil giant, Chevron Nigeria Limited on Thursday, revealed that all corporate Social Responsibilities (CSR) and social intervention programmes of the company is driven by need of the beneficiaries ...

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Desperation forces FG to begin oil search in Sokoto basin

Sokoto oil

As part of the strategic efforts of the federal government and northern leaders to force the region into the league of oil economy at all cost, the Nigerian National Petroleum ...

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Nigerian economy stabilizing as oil price zooms to $57 per barrel

Crude oil pipeline

Chances of recovering Nigerian economy from recession strengthened on Wednesday as oil prices rose to $57 per barrel in spite of a rise in US crude inventories. On Friday, the ...

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Excitements rise on Egina project’s capacity to boost oil production by 200,000bpd

Egina FPSO makers

News of readiness of the Egina FPSO in Samsung fabrication facility, South Korea has started eliciting reactions in the oil and gas industry. According to the Deputy Managing Director of ...

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Ghana intensifies search for gas, seals new deal with Russia’s GAZPROM


Barely one month after signing a similar gas supply agreement with Equatorial Guinea, Ghanaian president, Nana Addo Dankwa Akufo-Addo, has sealed another deal with Russian energy giant, GAZPROM, for the ...

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NNPC begins repairs at burnt Jetty, assures product availability

NNPC tankers

The Nigerian National Petroleum Corporation (NNPC) has commenced repairs on affected portions of its Apapa Jetty in Lagos, saying the inferno which claimed the lives of four will not disturb ...

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Nigeria economy gaining momentum on steady oil rise to $56 from refinery demand

Crude oil pipeline

As the number of U.S. rigs drilling for new production fell and refineries continued to restart after getting knocks by Hurricane Harvey, global oil prices strengthened on the rise to ...

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Job loss looms in oil sector over long wait for N720bn subsidy arrears from FG


Disquiet has overshadowed activities in the nation’s downstream oil and gas sector over protracted wait for the clearance of about N720bn being debt pileup growing from outstanding subsidy on the ...

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