With less than $5 to produce a barrel of oil, price crash can’t hit S’Arabia as Nigeria
Recent sustained drop in global prices of crude oil have once again, resurrected the economics of cost of crude oil production in Nigeria and beyond. Recall that the former Minister of State, Petroleum Resources, Dr Ibe Kachukwu had assured Nigerians…
Update: NNPC clears the air, says Abule Ado Explosion from gas cylinder
…GMD Heads to Lagos to assess damage The Nigerian National Petroleum Corporation (NNPC) Sunday evening said that the reported explosion which rocked Abule Ado Area of Lagos State in the early hours of the day was as a result of…
Why NNPC finally introduced Nitro, Rhino range of Lubricants
The Honourable Minister of State for Petroleum Resources, Chief Timipre Marlin Sylva, has given clear insights on why the NNPC Retail Limited, is introducing various range of Lubricants to the Nigerian and international markets. Recall that the products were earlier…
Just in: Minister, Senate, NNPC visit Atlas Cove for assessment of depot upgrade
As part of determined efforts at keeping all oil installations in shape and safety standards, the Honourable Minister of State for Petroleum Resources, Chief Timipre Marlin Sylva accompanied by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC),…
Why Sylva led Nigeria’s investment meetings in the US
More facts have emerged on the team of Nigerian top government officials at the US-Nigeria Binational Commission Meeting held in Washington DC earlier this week. It was that gathered that the Minister of State for Petroleum Resources, Chief Timipre Sylva…
Delay suffered by FID on $10bn NLNG Train 7 may make or mar sector in 2020
The Nigerian energy sub sector is currently in serious dilemma following the observed failure of the Federal Government and other shareholders of the Nigeria LNG Limited to take a Final Investment Decision (FID) on the company’s Train 7 project at…
Dangote’s remark that ‘We would sell products at import price’ a wakeup call—Experts
More development economists have continued to review the meaning of the recent comments by the Group Executive Director, Strategy, Capital Projects and Portfolio Development, Mr Devakumar Edwin, during the first official visit by the new Minister of State for Petroleum…
