OIL & GAS

THE Minister of State for Petroleum Resources, Chief Timipre Sylva, on Tuesday, said the April 2023 completion date for the rehabilitation of the Port Harcourt refinery was feasible and that the plant would refine 60,000 barrels of crude by early next year.…

European Union ambassadors on Monday said at least 40 per cent of Nigeria’s Liquefied Natural Gas was exported to Europe, as they called for greater cooperation between Nigeria and the EU in the area of a possible increase in LNG supplies. The EU…

Group Managing Director of the NNPC Limited, Mele Kyari said yesterday that the country was losing almost 240,000 barrels of crude oil worth about $1.5 billion to vandals and oil thieves daily. Kyari, who spoke at an interactive session with members of the…

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Tuesday expressed dismay over what it described as the slow process to revamp the nation’s four refineries. NUPENG said Nigerians were losing patient, noting that the present arrangement of importing petroleum…

Shell Nigeria, Chevron and the Nigerian National Petroleum Company (NNPC) Limited are hindering full operation of the Nigeria Liquefied Natural Gas (NLNG) project by not allowing third parties transit gas through their pipelines, the federal government alleged yesterday. The government therefore appealed…

The Nigerian National Petroleum Company Limited is to remit N322.45bn crude oil proceeds garnered from four international oil companies to the Federation Account this month (April). The NNPC disclosed this to members of the Federation Account Allocation Committee in its presentation at the…

Minister of State, Petroleum Resources, Mr Timipre Sylva has urged Nigerians to sweep the protracted petrol scarcity nightmare into the dumpster of history, as such an ugly crisis will never repeat itself. Sylva, who gave the assurance on Friday in Abuja, at the…

The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, yesterday said the Nigerian economy had weaned itself of total dependence on oil revenues, unlike what was obtained in the past. Speaking on Day 1 of the Atlantic…

The Nigerian National Petroleum Company Limited (NNPC) has said it has over 1.6 billion litres of the petrol in stock for the consumption of Nigerians nationwide. The Group Managing Director of the agency, Mr. Mele Kyari disclosed this in Abuja, yesterday. He spoke…

The Minister of Petroleum Resources, Mr. Timipre Sylva, at the weekend vowed that the federal government would sanction petrol depot operators selling the product above the approved prices. He warned the operators to desist from flouting the federal government’s directive on strict…