The Oil Bloc
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Oil production to begin in Ogoni

The Nigerian government has ignored the resistance of the people of Ogoni as the Presidency has directed the Nigerian National Petroleum Corporation (NNPC) and Nigerian Petroleum


FEC approves $1bn bank loan for Gurara Hydropower project

The Federal Executive Council, FEC recently approved $1 billion loan from Chinese EXIM Bank for the Gurara II Hydropower project. Vanguard reported that the Council also approved N5.7 billion for the revised estimated cost for the completion of Nkari dam in Akwa Ibom State. This was disclosed by the Minister of Water Resources, Sulieman Adamu

Brooge partners with Sahara Energy to build 250,000 bpd refinery

Brooge Petroleum and Gas Investment Co (BPGIC) is reported to have partnered with Sahara Energy Resources Dubai to set up an oil refinery to produce bunker fuel with a capacity of up to 250,000 barrel per day (bpd) in the Emirate of Fujairah. It was announced by the partnering team that the facility will be unique in the Middle East and North

Zimbabwe to introduce electric vehicles by 2030

Zimbabwe is likely to introduce electrically powered engines by 2030. This move is aimed at reducing carbon emissions that are largely blamed for fast-tracking global warming. According to 263Chat, Elisha Moyo, a Principal Climate Changer Researcher explained that the move could be positive in as far as mitigating the effects of climate change

Petrol depot owners complain N117 per liter is too high

The Nigerian National Petroleum Corporation’s (NNPC) decision to increase the price which it sells Premium Motor Spirit (PMS) to Petrol depot owners have been met with displeasure by the members of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Marketers Association of Nigeria (DAPMAN). This displeasure was revealed

Police uncover plot to attack oil installations

The Nigerian Police has uncovered a plot by reprobates posing as environmental activists to blow up oil installations in Niger Delta and adjoining states. This was revealed in a statement by the force’s PRO, Frank Mba. The PRO said that the plots are politically motivated and aimed at sabotaging oil installations with intended negative


Stock Watch

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LPG marketers laud FG for VAT removal

The Nigerian Association of Liquefied Petroleum Gas Marketers, NALPGAM has lauded the Federal Government for the

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Petronet’s global LNG prices to remain low

India’s biggest gas importer, Petronet LNG expects global prices of liquefied natural gas, LNG to


Pan Ocean to unveil 67-kilometer pipeline

Pan Ocean Oil Corporation is planning to unveil the Amukpe-Escravos Pipeline Project (AEPP) June


Nigeria must invest $17bn yearly to increase oil…

Mr. Israel Aye, Senior partner, Commercial Transactions, Primera Africa, has urged Nigeria to

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