Oil marketers in Nigeria recently raised the alarm over N650bn owed them by the Federal Government in subsidy arrears, saying the settlement of the debts owed them will save their assets from being taken over by banks. The government is currently indebted to members of: Major Oil Marketers Association ofRead More

Polaris Bank Limited has identified Pan Ocean Oil Corporation’s OML-147 flow station at Owa- Alidinma and the Ovade-Ogharefe Gas Processing/LPG Propane Plant II, as laudable projects capable of generating significant cash flows. The Group Managing Director of Polaris Bank Limited, Mr. Adetokunbo Abiru, said this when he visited the siteRead More

In line with the country’s local content agenda, over 98 per cent of Nestoil Group’s workforce, manning its operations nationwide, are Nigerians. This covers the Group’s engineers, fabricators, welders, architects and administrative staff members, among others. The Managing Director, IMPac Oil & Gas Engineering Limited, a subsidiary of the Group,Read More

In a bid to driving Nigeria’s gas revolution agenda and contribute to the promotion of cleaner environment, Nipco Plc has converted a total of 5,600 vehicles in Nigeria to use Compressed Natural Gas (CNG) from petrol base. This move, the energy firm said, was one of its efforts to provideRead More