The Group Managing Director of the Nigerian National Petroleum Corporation, Dr Maikanti Baru, has said the passage of the four components of the Petroleum Industry Bill, which is expected to usher in a new legislation, will change the fortunes of the nation’s oil and gas sector for the better. Baru said
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The Nigerian Content Development and Monitoring Board has refused a total of 1,494 expatriate quota applications, industry data obtained from the Federal Ministry of Petroleum Resources on Tuesday have revealed. It was also gathered that the NDCMB, however, approved 2,584 expatriate quota applications and that the rejections and approvals happened between
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The United States cut its imports of Nigerian crude oil by 48.87 million barrels or 43 per cent in 2018, according to the latest data released by the Energy Information Administration. The US imports of Nigerian crude fell to 64.06 million barrels last year from a five-year high of 112.92 million
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Abuja – Mr Mohammed Sidi, Director, Weights and Measures Department, Federal Ministry of Industry, Trade and Investment, says that oil dealers have been cheating Nigerians of N198,500 per truck sold. Sidi said this in Abuja on Wednesday during a surveillance activity of the department to some fuel stations. He said that the
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Petroleum products imports into Nigeria, slumped as just one of the 26 vessels expected into the Lagos ports between now and March 11, is conveying premium motor spirit (PMS). (more…)
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The Minister of Power Works and Housing, Babajide Fashola, has said that the Federal Government will need 192 million litres of petroleum product to complete the second Niger bridge. Fashola made this disclosure in Lagos, during the BRF, Gabfest 2 with theme: ‘Where are the jobs’. According to him: “We will
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The Commissioner in the High Commission of the United Republic of Tanzania, Mr. Muhidini Ally Mboweto, has sought the assistance of Aliko Dangote in the development of his country’s energy sector, specifically petroleum. The Commissioner who led a delegation from Tanzania High Commission and the Tanzania Petroleum Development Corporation (TPDC) on
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OIL giant Shell’s Bonga South West/Aparo (BSWA) deepwater project, located in Oil Mining Lease (OML) 118 in the Niger Delta, is set for development, it was learnt yesterday. This is coming on the heels of the output of 200,000 barrels per day from Egina field operated by Total, which began production
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Nigerian National Petroleum Corporation, NNPC, weekend, issued a caveat against heightened expectations of an early find of crude oil and gas in the north, warning that discovery of hydrocarbons in the region might not be immediate, as it might take years or decades to achieve. Speaking during the Presidential Spud-in (drilling)
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The long awaited dream of oil and gas exploration in the northern part of Nigeria became a reality, as President Muhammadu Buhari flagged off the spud-in of Kolmani River-II Well in Gongola Basin of Upper Benue Trough. Performing the flag off ceremony, Buhari said that in spite of the diversification of
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