Oil & Gas

Seplat, Dr. Orjiako win global awards for outstanding indigenous performance

Seplat, Dr. Orjiako win global awards for outstanding indigenous performance Seplat Energy Plc and its Board Chairman, Dr. ABC Orjiako have emerged winners at the Energy & Corporate Africa Leadership Award Night/Dinner held last week at the Hilton Post Oak, Houston, Texas, United States for outstanding indigenous performance.     The award was the climax […]

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NNPC not behind depreciating value of Naira --- Investigation

BREAKING: NNPC cutting costs, works towards declaring profit

.Nigerians should plan to buy shares in future By Eyo Nsima The Group Managing Director, GMD, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, Tuesday, said with the Petroleum Industry Act, PIA, the apex oil company, has become a commercial entity, under the Company and Allied Matters Act, CAMA. He said the company has started operating

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ICRC commends NNPC for Transparent Public Bid Opening Processes

BREAKING: Less than $3bn foreign investment entered Nigeria’s in 10 years — NNPC

.PIA will restore confidence, boost investment By Eyo Nsima The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that because of the delay in the passage of the nation’s Petroleum Industry Bill, PIB, into law, only $3 billion worth of investments were attracted into the petroleum industry in the past 10

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Petroleum Industry, beginning of a new era in Nigeria ---PPPRA

Petroleum Industry Act, beginning of new era in Nigeria —PPPRA

Petroleum Industry Act, beginning of new era in Nigeria —PPPRA By Eyo Nsima The Petroleum Products Pricing and Regulatory Agency, has described the passage of the nation’s Petroleum Industry Bill, PIB, as the beginning of a new era in Nigeria. In a statement obtained by The Daily, www.thedaily-ng.com, Executive Secretary, PPPRA, Abdulkadir Saidu, stated: “The PPPRA

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Techno Oil commits to integrity, safety, execution of projects

Techno Oil commits to integrity, safety, execution of projects By Eyo Nsima Techno oil, an integrated, wholly indigenous company has expressed commitment to integrity, safety and flawless execution of projects. In a message obtained by The Daily, www.thedaily-ng.com, from its website, the company, stated: “Techno Oil has an unwavering commitment to operations integrity, safety and flawless

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BREAKING: Oil prices fall to $73.07 per barrel despite dropping inventory

OIL MARKET: Prices drop to $64.05 per barrel over slow economic recovery

By Eyo Nsima The prices of crude oil, Friday, dropped further to $64.05 in the global market, ‘after the U.S. dollar strengthened on concern that the global economic recovery might slow’. With increased vaccination across the world, economic recovery was expected to be rapid in the coming months. But with the speculated slow recovery, prices

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PIB assent: Policy Alert urges communities to test provisions in court

By Godswill Odiong Policy Alert, a Civil Society Organisation working on economic and ecological justice, has faulted the President’s assent to the Petroleum Industry Act 2021, urging communities to test the provisions of the Act before the courts. President Muhammadu Buhari had on Monday, August 16, 2021 signed the erstwhile Petroleum Industry Bill (PIB) into

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Middle East: Oil demand remains low despite the ease in COVID-19 lockdown

OML 11: NPDC resumes operation after favourable court judgement

The Nigeria National Petroleum Corporation (NNPC), has hailed the recent Appeal Court judgment affirming its operatorship of the Oil Mining License 11 (OML 11), describing it as a huge victory for Nigeria and the beginning of addressing decades of host community restiveness. The Appeal Court sitting in Abuja on Monday upturned the August 23, 2019

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Kyari tasks NNPC Greenfield Refinery Ltd Board on fuel importation

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged members of the Board of the NNPC Greenfield Refinery Limited (NGRL), to explore all available options to bring an end to the current challenge of petroleum products importation. Mallam Kyari gave the charge Thursday while inaugurating the Board of

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