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Nigeria’s gas flare worsens despite commercialization plans
Oil output averaged 1.7 mbd between 2015 and 2024 Private refineries export 79,000 b/d since 2020 Sopuruchi Onwuka Nigeria flared about 229 billion cubic feet of natural gas in 2024, a jump of roughly 12 percent from the previous year,…
Dangote Refinery claims credit for fuel pump price drop cuts
Dangote Petroleum Refinery has pushed back against reports suggesting that the recent drop in petrol pump prices was driven by a Federal Government decision to halt the 15 percent import tariff. The company said the claim misleads the public and…
NLNG clinches third FIRS Most Compliant Taxpayer award
NLNG has again been named the Most Compliant Taxpayer in corporate Nigeria by the Federal Inland Revenue Service. The recognition, issued under the FIRS Compliant Taxpayer Award and Recognition Program, highlights organizations that consistently meet their tax obligations with diligence…
Russia’s oil price plummets to $36 per barrel
The price of Russia’s flagship Urals crude at the Black Sea plunged to as low as $36.61 per barrel at the end of last week, the lowest in nearly three years, as the U.S. sanctions on the two biggest Russian…
Seplat Energy empowers 25 journalists at media workshop in Imo State
Seplat Energy Plc has reaffirmed its commitment to transparency, accountability, and national development by strengthening its partnerships with the media and supporting journalists as they navigate the fast-changing digital landscape. Speaking at a two-day capacity-building workshop for journalists in Imo…
Will dom refining boost or burst our struggling economy?
Sopuruchi Onwuka Propositions and actual projects that portend over 3.0 million barrels per day of local refining capacity may raise serious challenges to the nation’s fiscal and economic stability, given that the emerging refining boom may impose acute foreign exchange…
Shell sweeps laurels at 43rd NAPE conference
Shell Companies in Nigeria (SCiN) were rewarded for their robust participation at the 43rd International Conference and Exhibition of the Nigeria Association of Petroleum Explorationists (NAPE) with corporate and individual awards at a dinner Thursday night which rounded off the…
SNEPCo’s Ronald Adams inducted NSChE Fellow
The Nigerian Society of Chemical Engineers (NSChE) at the weekend inducted the Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo), Ronald Adams and 19 others as Fellows for outstanding contributions to the profession. They were accorded the…
Minister vows to strengthen Nigerian Content Fund, applauds Tamrose on fleet expansion
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has praised Tamrose Limited for expanding its marine logistics fleet and extending its operations to Angola after securing support from the Nigerian Content Intervention Fund. Speaking at the Nigerian…
Sixteen-year-old OAU Student Wins NCDMB National Essay Competition
The 9th edition of the NCDMB Annual National Undergraduate Essay Competition ended on Friday at the Nigerian Content Tower in Yenagoa with 16-year-old Josephine Oyinkansola Akande of Obafemi Awolowo University emerging as the overall winner. Akande, a 200-level medical student…
