Award of Train 7 contract good for Nigerian economy—Minister
The minister of State, Petroleum Resources, Chief Timipre Sylva, has described the recent sealing of LNG Train 7 deal as “A historic moment. Nigerians have long awaited the take-off of the Nigeria LNG Limited’s Train 7 Project because of its…
Nigeria and Oil: Looking beyond price collapse towards post recovery savings (Part 2)
By Austin Okere On April 20, 2020 the screaming headlines on CNN was that the price of WTI crude oil had fallen by 306% to $-37.63 per barrel, the first time on record that oil price has hit negative territory….
Nigeria and Oil: Looking beyond price collapse towards post recovery savings(Part 1)
By Austin Okere On April 20, 2020 the screaming headlines on CNN was that the price of WTI crude oil had fallen by 306% to $-37.63 per barrel, the first time on record that oil price has hit negative territory….
NNPC, Chevron share COVID-19 palliatives in Kano
The Minister of State for Petroleum Resources, *Chief Timipre Sylva* on Saturday, led the Nigerian National Petroleum Corporation and its partners – Chevron Nigeria Limited (in the Upstream) and Bovas & Company Limited (in the Downstream) to distribute medical consumables,…
GP Global acquires lubricants assets of Nigeria’s Grand Petroleum
GP Global has acquired the lubricants assets of Nigeria’s Grand Petroleum; Grand Petroleum is part of Nigerian conglomerate: The Nosak Group; the acquisition further strengthens GP Global’s presence in Nigeria and West Africa; the acquisition includes a blending plant &…
Chevron sustaining precautions against spread of COVID-19 virus—Mgt
Chevron Nigeria Limited (CNL), operator of the Nigerian National Petroleum Corporation/CNL Joint Venture (NNPC/CNL JV), has continued to operate safely, and without any Coronavirus (COVID-19) related incident in its operations. CNL affirms that as a responsible organization, one of the…
NNPC Will No Longer Run Refineries – Kyari
The Nigerian National Petroleum Corporation (NNPC) will no longer be involved in the management of the nation’s refineries after their rehabilitation. This was disclosed Wednesday by the Group Managing Director of NNPC, Mallam Mele Kyari. He disclosed that upon completion…
How oil price war ended with historic OPEC+ deal to cut output
The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, putting an end to the devastating price war between Saudi Arabia and Russia. This is coming after a week-long marathon of…
Nigeria Ready for OPEC Talks – Chief Sylva
The Government of Nigeria wishes to assure the Nigerian and international communities that it is watching developments in the oil and gas industry with keen interest. Specifically, Nigeria is very mindful and appreciative of the role of Saudi Arabia and…
COVID-19: NCDMB Assures Business Continuity
The management of NCDMB wishes to use this medium to intimate members of the public, particularly Oil and Gas Industry stakeholders that despite the disruptive effect of Coronavirus (COVID 19) in Nigeria and globally, critical operations and services offered by…
