oil industry

Kenyon: The Indigenous Oil Firm Driving Nigeria’s Brownfield Development Revolution
Kenyon International, a prominent indigenous company in Nigeria’s oil and gas service sector, has reaffirmed its dedication to boosting investments within the country’s oil and...

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Politics Today
2 weeks ago2 weeks ago

Kenyon International, a prominent indigenous company in Nigeria’s oil and gas service sector, has reaffirmed its dedication to boosting investments within the country’s oil and gas industry, with a particular focus on advancing brownfield development projects. This declaration was made during the company’s 10th anniversary event held in Lagos, where Kenyon highlighted its impactful contributions...

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Akwa Ibom Shifts Gears: From Oil to Thriving Agricultural Exports
In a strategic move to broaden its economic base, the Akwa Ibom State government is focusing on leveraging non-oil sectors such as cocoa, maritime activities,...

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Politics Today
2 weeks ago2 weeks ago

In a strategic move to broaden its economic base, the Akwa Ibom State government is focusing on leveraging non-oil sectors such as cocoa, maritime activities, and agricultural produce for export expansion. During a recent discussion with the press, Capt. Iniobong Ekong (rtd), the newly appointed Commissioner for Trade and Investment, emphasized the urgency of revitalizing...

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Global Oil Production Threatened by Funding Shortfall, Warns International Energy Agency
The International Energy Agency (IEA) has issued a critical warning about looming global energy shortages, highlighting significant funding gaps in both new and ongoing oil...

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Politics Today
2 weeks ago2 weeks ago

The International Energy Agency (IEA) has issued a critical warning about looming global energy shortages, highlighting significant funding gaps in both new and ongoing oil and gas ventures. In its recent publication, titled ‘The Implications of Oil and Gas Field Decline Rates,’ the IEA reveals that halting all investments in oil and gas projects by...

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Dangote Reveals Marketers’ Shocking N1.5 Trillion Subsidy Demand to Match Refinery Gantry Prices
Dangote Petroleum Refinery has revealed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has requested an annual subsidy amounting to N1.505 trillion....

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Politics Today
2 weeks ago2 weeks ago

Dangote Petroleum Refinery has revealed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has requested an annual subsidy amounting to N1.505 trillion. This subsidy is intended to enable its members to align their depot prices with the refinery’s gantry rates. While the refinery supplies petroleum products to

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Dangote Refinery Makes History with First US Petrol Export to Two Major Global Oil Traders
Leading international oil traders Vitol and North American fuel supplier Sunoco have received the inaugural shipment of U.S.-bound gasoline from the Dangote refinery. According to...

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Politics Today
2 weeks ago2 weeks ago

Leading international oil traders Vitol and North American fuel supplier Sunoco have received the inaugural shipment of U.S.-bound gasoline from the Dangote refinery. According to vessel tracking data and two industry insiders, the delivery took place on Monday, marking a significant event for the Dangote refinery, which boasts a capacity of 650,000 barrels per day....

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BREAKING: Tensions Escalate as NUPENG Threatens to Resume Strike, Accuses Dangote Refinery of Backtracking on Deal
The recent peace agreement facilitated by the Ministry of Labour and Employment between the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Dangote...

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Politics Today
3 weeks ago3 weeks ago

The recent peace agreement facilitated by the Ministry of Labour and Employment between the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Dangote Refinery appears to be under threat. NUPENG has accused Dangote Refinery of violating the terms agreed upon during the reconciliation meeting. In a public statement released on Thursday, September 11,...

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Petroleum Marketers Assert They Supply 68% of Nation’s Fuel, Challenge Dangote’s Capacity Claims
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has challenged claims made by the Dangote Refinery regarding its ability to single-handedly meet Nigeria’s...

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Politics Today
3 weeks ago3 weeks ago

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has challenged claims made by the Dangote Refinery regarding its ability to single-handedly meet Nigeria’s fuel demands amid the ongoing strike by petroleum tanker drivers. On Tuesday, Anthony Chiejina, a representative of the refinery, asserted that there was “no fuel shortage” and that refinery operations...

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NNPC Seeks $60 Billion Investment to Revolutionize Oil, Gas, and Refining Capacity – Ojulari Reveals Ambitious Growth Plan
NNPC’s Strategic Vision: A $60 Billion Capital Injection to Transform Nigeria’s Energy Landscape Bayo Ojulari, the current Managing Director of Nigeria National Petroleum Company Limited...

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Business Updates
1 month ago1 month ago

NNPC’s Strategic Vision: A $60 Billion Capital Injection to Transform Nigeria’s Energy Landscape Bayo Ojulari, the current Managing Director of Nigeria National Petroleum Company Limited (NNPC Ltd) and former Shell executive, has outlined an ambitious plan to revitalize Nigeria’s oil and gas sector. Central to this vision is a substantial investment of $60 billion aimed...

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NNPCL Teams Up with Private Refiners to Revive Struggling Refineries – Ojulari Reveals Bold Rescue Plan
NNPCL Embraces Private Partnerships to Revitalize Nigeria’s State-Owned Refineries The Nigerian National Petroleum Company Limited (NNPCL) has officially announced its intention to collaborate with private...

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Politics Today
1 month ago1 month ago

NNPCL Embraces Private Partnerships to Revitalize Nigeria’s State-Owned Refineries The Nigerian National Petroleum Company Limited (NNPCL) has officially announced its intention to collaborate with private refining firms as part of a strategic initiative to restore the country’s dormant state-owned refineries. This move signals a shift towards sustainable and commercially viable refinery operations after years of...

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NNPC Under Siege: Ojulari Sounds the Alarm on Ongoing Attacks
NNPC Ltd Faces Heightened Criticism Amidst Calls for Leadership Change Recently, the Nigerian National Petroleum Company Limited (NNPC Ltd) has been at the center of...

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Politics Today
1 month ago1 month ago

NNPC Ltd Faces Heightened Criticism Amidst Calls for Leadership Change Recently, the Nigerian National Petroleum Company Limited (NNPC Ltd) has been at the center of public controversy, as widespread protests have erupted demanding the ousting of Mr. Ojulari. Accusations of corruption and poor administrative practices have fueled these calls, intensifying pressure on the company’s leadership....

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