The Oil Bloc
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Crude oil making process

Crude oil also known as petroleum is an unprocessed oil found deep in the ground. In this video by How Its Made, learn what goes on in an oil block and how petroleum is refined

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Election postponement costs gas marketers billion naira investments

Some cooking gas marketers under the aegis of the Nigerian Association Of Liquefied Petroleum Gas Marketers NALPGAM lost multi-billion naira investments following the postponement of the Nigerian general elections. This was revealed by the Executive Secretary of the association, Mr Bassey Essien who described the action by the Independent

China, Nigeria to lead global refining industry capacity from 2019 to 2023

A new report reveals that China and Nigeria are expected to be the major contributors to the global refining industry capacity growth between 2019 and 2023. According to the report by GlobalData, a leading data and analytics company, the projects planned and announced by the two countries for the five-year period show the duo will take the lead

DPR shuts down 10 illegal gas plants in Abuja

The Abuja zonal office of Department of Petroleum Resources, DPR reportedly closed down 10 illegal plants selling liquefied petroleum gas, LPG commonly called domestic or cooking gas within the Federal Capital Territory (FCT) and its environs. The move is to reduce the incident of gas explosion in the state. Leadership reported that at least

Senegal issues new oil code to license holders

Senegal has released a new oil code for new license holders in the country to increase state participation in projects and higher royalties. This was made known by its Oil and Energy Minister, Mansour Elimane Kane who responded to questions on the matter adding that lawmakers had approved the code last month. The new code sets a fixed

India likely to defy US warning against oil trade with Venezuela

It appears India is attempting to defy warnings issued by the United States to countries not to buy Venezuela’s oil amid the country's current political mayhem. India's Ministry of External Affairs (MEA) issued a strong statement signaling its dismay over the US pressure tactic, according to Sputnik News. The U.S. National Security

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Downstream

Eterna PLC seeks 200 petrol stations,oil asset…

Eterna Plc has revealed that it hopes to increase the number of its petrol stations across the

Midstream

Nigeria, India agree to deepen collaboration on…

The Nigerian National Petroleum Corporation recently reached an agreement with the Republic of

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