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Nigeria’s oil industry must not die – Okoroafor

The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Bank-Anthony Okoroafor, has called on the stakeholders in the Nigerian oil industry to strive to keep the industry alive. Okoroafor who conveyed this in an article, published in dailies, inspired by the new Group Managing Director (GMD) of the Nigerian National…

Nigeria’s oil refining to reach 900,000bpd in the next 10 years- Kachikwu

Former Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has expressed hope that if there is no distortion in plans and policies, Nigeria will be refining at least 900,000 barrels of oil per day in the next 10 years.

DPR to clamp down on operators not reporting production data

The Department of Petroleum Resources has said that it will sanction erring operators in the oil and gas industry who fail to report their operations into the National Production Monitoring System (NPMS). NPMS is a web-based oil and gas production accounting and monitoring platform established by the federal government in 2016 for proper…

India requests more crude oil from Nigeria

Following the visit of the Indian High Commissioner to Nigeria, His Excellency Abhay Thakur, the government of India has requested that the corporation increases crude oil supplied to the country, especially in view of increasing energy needs of India. The High Commissioner started by commending the management of the NNPC for the recent renewal…

Equinor resumes production at Trestakk field in Norwegian Sea

Equinor has resumed production at the Trestakk subsea field on Haltenbanken in the Norwegian Sea. The field which is tied back to the Åsgard A floating production vessel has an estimated recoverable resource of 76 million barrels of oil.


Stock Watch

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Average price of kerosene increased in June- NBS

The National Bureau Statistics, NBS has disclosed that the average price per litre paid by consumers…


PT Pertamina plans to boost Algeria’s oil production…

Indonesian public oil company, PT Pertamina has revealed its growth plan for Algeria stating that it…

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