…as Europe to buy less of Nigerian crude One of Nigeria’s crude grade, Forcados is set to experience a peak in export in November, the highest in one year. A report by Reuters said export for Forcados will hit about 320, 000 barrels per day in the month under review.Read More

The Senate yesterday resolved to debate the report of the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) presented to it at plenary.   This is just as the Petroleum Industry Bill (PIB) sent to the National Assembly last Tuesday by President Muhammadu Buhari passed through first readingRead More

Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), has hailed the decision of labour leaders to suspend their planned protest scheduled to have commenced Monday. Kyari, in a tweet on his official Twitter handle on Monday, praised the leadership of the unions for choosing the pursuit ofRead More

Prof. Wumi Iledare, on Monday, said that there was no need for organised labour to embark on strike over the deregulation of the downstream oil sector. Iledare, a Professor of Petroleum Economics,  in Abuja, said that deregulation of the sector was a must-do for the growth of the country. “DeregulationRead More

Asides a proposal for NNPC, PPPRA, PEF scrapping, new PIB gives more power to oil, finance ministers, cuts down powers for DPR, others     President Muhammadu Buhari has transmitted the much-awaited Petroleum Industry Bill (PIB) 2020 to the National Assembly and has proposed the creation of the Nigerian NationalRead More

Minister of State for Petroleum, Timipre Sylva has demised media reports that the new draft Petroleum Industry Bill (PIB) sent to National Assembly has recommended scrapping of the NNPC. The minister allayed the fears while fielding questions from journalists at the National Assembly after an interactive session with the leadershipRead More

  The Nigerian National Petroleum Corporation (NNPC) and Sterling Exploration and Energy Production Company (SEEPCO) have signed an agreement for the development and commercialization of gas from the Oil Mining Lease (OML) 143 that could help reduce gas flaring in the country.   Speaking at the agreement signing ceremony whichRead More

Indegenous oil and gas firm, Seplat said it had activated an emergency investigative team to the Okpe and Sapele Delta state. In a statement, the firm said it recently received a complaint from five households at Okpe and Sapele in Delta State, indicating the presence of hydrocarbons in their respectiveRead More

CSR: Total JV commissions model secondary school, Otu-Jeremi, Delta state Borne out of the need to mitigate the gaps in qualitative and technical education, maternal and child health, access to clean water, and women & youth empowerment, French oil giant, Total Upstream and Joint Venture partners have commissioned a newlyRead More

In celebration of the United Nations, UN 75th anniversary, Oando PLC is joining over 1,250 business leaders from more than 100 countries, to pledge support for the inclusive multilateralism statement for Renewed Global Cooperation.   Oando as the only indigenous Nigerian oil and gas company alongside other signatories to theRead More