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Oil and Gas
DNV Predicts 50% Oil Demand Reduction by 2050
DNV has predicted that oil usage will halve by 2050, with high-efficiency electric cars and trucks cutting deeply into demand for petroleum, In its latest decarbonization outlook, class society .
According to DNV CEO Remi Eriksen,, …
Ajaokuta-Kaduna-Kano Gas Pipeline Project Nears 70% Completion – NNPCL
The Nigerian National Petroleum Corporation Limited (NNPCL) Group CEO Mallam Mele Kyari, on an inspection tour of one of the #AKKGasPipeline project sites in Ahoko, Kogi State said the project is almost at 70% completion,with over $1.1bn…
FG Approves Amendment Of 2022/2023 Deep Offshore Oil Block Mini Bid Round Schedule
In a bid to boost confidence in the transparency and continuity of the 2022/2023 Deep Offshore Oil block Mini-bid Round process, President Muhammadu Buhari has approved the amendment of the bid round calendar to accommodate the concerns…
Buhari Declares Oil Exploration Activities In Nasarawa State
President Muhammadu Buhari on Tuesday , declared that the discovery and drilling of oil in Nasarawa State will lead to greater prosperity for Nigerians as well as enhance overall energy security for the country.
In his virtual message to…
Imo State Commences Reconstruction Of 2 Major Roads In Oil Producing Communities
The Imo State Governor Hope Uzodimma has commenced the reconstruction of Etekwuru Egbema-Adapalm-Obosima road and the failed section of the Umuagwo and Umuapu - Port Harcourt roads.
The road projects which are being executed through the…
Sanwo-Olu Suspends Road Construction Along Tank Farms Corridor Within Ijegun
The Lagos State Government has announced the suspension of the ongoing construction work on Buba Marwa Road, the dual carriageway leading to tank farms in Ijegun Egba from where 40 percent of petroleum products are transported to other…
FUEL SCARCITY: Delta State Government Sets Up Monitoring Team To Tackle Scarcity
The Delta State Government on Thursday set up a team to monitor the distribution of the product in other to ensure availability as well as its appropriate pricing across the state.
This follows the unabated scarcity of Premium Motor…
FUEL SCARCITY PROTESTS: Edo Receives 784,000 Litres Of PMS, Sets Up Taskforce
The Edo State Government said it has received 784,000 litres of Premium Motor Spirit also know as (PMS).
As a follow-up the state government also pointed out that a task force will be set up to work with other stakeholders to monitor the…
LASG Tasks Residents On Gas Line Protection, Seeks End To Explosion, Vandalism
The Lagos State Government has called on residents of the State and environs to be more vigilant in the protection of petroleum pipelines and ensure that any suspicious move or attempt to vandalise the pipelines are promptly reported to the…
Q4: Nigeria Rakes N363b Oil Revenue , As Sylva Says Improved Security In Niger Delta Responsible For Increase
The Federal Ministry of Petroleum Resources on Monday, January 16, 2023, disclosed that Nigeria recorded progress in oil earnings following improvements in security within the Niger Delta region.
The ministry disclosed that the country…