Oil & Gas

PH Refinery Rehabilitation a Viable Endeavour – Kyari   The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has described the recently approved rehabilitation exercise of the 210,000 barrels per day capacity Port Harcourt Refinery as a worthy undertaking embarked upon after diligent consideration and in strict adherence to industry

The 2500 barrels per modular refinery being established at Egbokor, Edo State by Duport Midstream Company Limited in partnership with the Nigerian Content Development and Monitoring Board (NCDMB) will be ready for commissioning in the last quarter of 2021. The Executive Secretary of the NCDMB, Engr. Simbi Kesiye Wabote visited the project site on Friday

JUST IN: Oil market react as drones attack Saudi Arabian  facility By Eyo Nsima The international oil market has reacted to the latest drone attack on Saudi Arabian oil facilities. The prices which had hovered at an average of $64.20 per barrel before the attack has risen to $64.70 per barrel. According to the Organisation

How oil price drops to $66.20 per barrel on IEA report By Udeme Akpan   THE price of Bonny Light, which had risen to over $71 per barrel has dropped to $66.20 per barrel because of the negative International Energy Agency’s report. In the report obtained by The Daily, http://www.thedaily-ng.com, the IEA, stated that the market was still

DPR seals 2 filling stations in Lagos   The Department of Petroleum Resources (DPR) on Wednesday sealed off two filling stations in Lagos for under dispensing of petrol. Mr Ayorinde Cardoso, Zonal Operations Controller, DPR, Lagos, confirmed the development after an inspection visit to eight filling stations located in Ikorodu Road, Oshodi-Apapa Expressway and Ikeja