By Adewole Kehinde In December 2019, Dangote refinery project took delivery of the world’s largest single crude distillation column signaling the readiness of the 650,000 barrels a day refinery; one of the World’s second biggest. The Dangote refinery on the coast of Lagos is expected to reverse the decades-old system of exporting crude oil and importing refined petroleum products such […]
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The Department of Petroleum Resources (DPR) says it has concluded arrangements to issue award letters to successful investors in the 2020 marginal field bid round programme. The DPR said the letters would be issued at an award ceremony scheduled to hold in Abuja on May 31. Mr Paul Osu, Head, Public Affairs, DPR, made the announcement in a statement on […]
Read moreBy Adewole Kehinde On Thursday, 27th My, 2021, the Nigerian National Petroleum Corporation (NNPC), in its February 2021 Monthly Financial and Operations Report, which is the 67th in the series, recorded 54 pipeline points vandalization representing 50% increase from the 27 points recorded in January 2021. From the available record, Warri Area accounted for 50% and Mosimi Area accounted for […]
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The Nigerian National Petroleum Corporation (NNPC) recorded a ₦39.85billion trading surplus for the month of February 2021, representing a massive 314.24% leap from the ₦9.62billion surplus it recorded in January 2021. This is contained in the February 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group Public […]
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The Chinese Ambassador to Nigeria CUI Jianchun and Timipre Sylva, the Minister of State for Petroleum Resources for Nigeria, met on Thursday in the Minister’s office at the NNPC Towers, Abuja. According to a press release on Thursday 27th May 2021 signed by the GGM/SA Media to HMPRS, Garba Deen Mohammed, he said that the two top officials agreed on […]
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The Federal Government has said it is expecting most of the marginal fields, which investors bid for in the recently concluded bid round, will achieve first oil starting from next year. The Director/Chief Executive Officer, Department of Petroleum Resources, Mr Sarki Auwalu, said this on Wednesday during a strategic engagement session in Lagos with the Nigeria Extractive Industries Transparency Initiative, […]
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The Nigerian National Petroleum Corporation (NNPC) has expressed interest in purchasing a 20 per cent minority equity stake in Dangote Refinery, Lagos, reputed to be Africa’s biggest oil refining facility and the world’s largest single-train plant. The 650,000 barrels per day (bpd) integrated refinery, expected to process a variety of light and medium grades of crude, including petrol and diesel […]
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The Integrity Youth Alliance has called on the House of Representatives to allow the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) concentrate on its TAPE Agenda for the Oil and Gas Industry. The call was made by the National Coordinator of the Alliance, Kelvin Adegbenga in Abuja on Wednesday while responding to a publication titled “Reps query […]
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The Publisher of an Online Media, Swift Reporters and Energy Fellow of Abuja Chamber of Commerce and Industry Policy Center, Adewole Kehinde has praised the Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Kyari, on the signing of Dispute Settlement Agreement, Settlement Agreement, Historical Gas Agreement, Escrow Agreement and Renewed PSC Agreement. It will be recalled that on […]
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PETAN Chairman, Mr. Nicolas Odinuwe has said that several PETAN companies are leading the way in rendering services in new technology trends like Automations, ROV Technologies, Artificial Intelligence (AI), Intelligent Pigging, 3D Modelling and Visualisation among several other emerging technologies in the Nigerian Oil and Gas Industry. Mr. Odinuwe was speaking as a panelist on the second Technical Session of […]
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