NNPC Laments Delay in Tapping Oil Reserves
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC) Bayo Ojulari, has warned that Nigeria must urgently turn its oil reserves into production, saying crude in the ground holds no value until it is...
Nigeria Targets $4.5bn Cost Savings in Oil and Gas Sector by December
Nigerian National Petroleum Company Limited (NNPC) has said the country’s oil and gas industry is on course to save between $3 billion and $4.5 billion in operational costs this year, while pursuing investment...
Dangote’s Plan for Direct Fuel Supply Sparks Concerns of Market Disruption
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has warned that the Dangote Petroleum Refinery’s plan to bypass existing distribution channels and supply refined petroleum products directly to end-users would lead to...
Nigeria is rapidly positioning itself as a top destination for global investors, following a series of bold economic reforms introduced by the Central Bank of Nigeria (CBN) and federal authorities.Â
NNPC/First E&P Hits Safety Milestone in Oil Sector
The Nigerian National Petroleum Company Ltd/FIRST Exploration and Petroleum Development Company Joint Venture has achieved a significant safety milestone, marking 10 million Lost Time Incident-free man-hours across its operations on PML 53 and PML 54.
A statement from...
Dangote’s Masterstroke
By Wole Olaoye
You perch on my overburdened back while assuring me that you would do anything to lighten my distress— except getting off my back! That is the assurance that Nigeria’s petroleum middlemen keep giving Nigerians in their bid to cement their parasitic...
