The Nigerian National Petroleum Corporation (NNPC) has defended the approval of $1.5 billion for Port Harcourt refinery rehabilitation, stating that apart from following due process, building a new refinery in the class of the one in Rivers will cost the federal government between $7 billion and $12 billion.
Africa’s richest man, Aliko Dangote has revealed that his multi billion dollars and 650,000-barrel per day (bpd) integrated refinery and petrochemical project will be completed by the end of this year.
Oil giant Saudi Aramco is betting on an Asian-led rebound in energy demand this year after it reported a steep slide in net profit for 2020 on Sunday and cut down its spending plans.
Stakeholders have expressed mixed reactions over the Federal Government’s approval of the sum of $1.5billion, for Port Harcourt refinery rehabilitation.
The Department of Petroleum Resources (DPR) announced that it generated over N2tn for the Federal Government in 2020.
A coalition of attorneys general from 21 states sued President Joe Biden over his decision to revoke a key permit for the Keystone XL pipeline.
Energy giant BP said it plans to build Britain’s largest hydrogen plant by 2030 as part of the UK’s push to boost fuel use and cut greenhouse gas emissions.
The Department of Petroleum Resources (DPR) has signed an agreement with over 27 operators in the downstream sector to check fluctuations in the pump price of Premium Motor Spirit (PMS).
Brazil’s lower house has approved a new regulatory framework for the natural gas sector.
The latest monthly report of the Organisation of the Petroleum Exporting Countries revealed that Nigeria increased its crude oil production to 1.42 million barrels per day in February.