Nigeria Most Expensive For Upstream Projects – Kyari         The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that Nigeria remains one of the most expensive countries in the world for petroleum upstream projects. Upstream is refers to points in production that originate...

Deep Blue Project: Minister Threaten To Withhold Contractor’s Fee         The Minister of Transportation, Mr. Rotimi Amaechi, has threatened to withhold the balance of the contract fees of the Deep Blue Project if all the terms of the project were not met. Speaking during an inspection tour...

NARTO Loses Over N2bn Cash, 100 Trucks To #EndSARS         The Nigerian Association of Road Transport Owner (NARTO) at the weekend counted the losses it incurred from the #EndSARS protests, saying the protesters burnt over 100 trucks bearing maize and cattle, totaling above N2billion. Its National President,...

Domestic Refining’ll Annually Save Nigeria $5bn – Waltersmith       Waltersmith Group, an indigenous oil and gas firm, has said Nigeria can save up to $5bn annually by building domestic refining capacity. The company, whose 5,000-barrels-per-day modular refinery in Imo State was inaugurated on Tuesday, also said domestic...

Buhari Inaugurates 5,000bpd Refinery In Imo         President Muhammadu Buhari, has said the realisation of the refinery roadmap that was rolled out two years ago will enable Nigeria to export petroleum products to neighbouring countries and other markets. Buhari said this on Tuesday at the inauguration of...

PIB Passes Second Reading In The House Of Reps       Finally, the age-long Petroleum Industry Bill, PIB has passed second reading at the House of Representatives. The PIB in many quarters appears to be the most politicized piece of legislation in Nigeria’s legislative history. It was conceived by...