Category: Oil & Gas | NigeriaMaritime360.com

DPR awaits presidential order to announce winners of marginal field bid.

Chinazor Megbolu | The Department of Petroleum Resources (DPR), is awaiting presidential directive before announcing the winners of the marginal fields bid round. The nation's...

DPR to partner NUPENG, PENGASSAN on Covid-19 management

Chinazor Megbolu | The Department of Petroleum Resources (DPR) has said the agency is ready to partner with some oil and gas unions towards managing...

Nigeria spent N10 trillion on oil subsidy in 10 years – Oil marketers.

Peter Olaniyi | Oil marketers in Nigeria have rejected any attempt to take the country back to the fuel subsidy regime, which gulped N10 trillion...

Oil & Gas companies rake in N400bn from Capital Market

Chinazor Megbolu | The oil and gas companies in Nigeria have raked over N400 billion from the nation's Capital Market. Chief Executive Officer, Nigerian Stock...

Senate stresses importance of legal framework for Local Content Implementation

Chinazor Megbolu | The Nigeria's Senate has stressed the importance of having a strong legal framework for the implementation of local content in other key...

NUPENG denies shutdown of fuel outlets, oil installations for #ENDSARS protests

... as FG reopens Marine Beach, Eko Bridges Monday . Chinazor Megbolu | The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG), has clarified...

Household kerosene price increases by 0.42% per litre

Chinazor Megbolu | The National Bureau of Statistics (NBS) reported that the average price per litre for Kerosene has increased from N346.53 in August 2020...

Exploded Baruwa gas station has no license, operations illegal — DPR

Chinazor Megbolu | The preliminary investigations by the Department of Petroleum Resources (DPR) into the gas explosion which occured at Baruwa, a suburb town in...

Banks downgrade Nigeria’s downstream oil sector’s credit ratings, flag N269bn debts

Peter Olaniyi | The sum of N268.79 billion loans given by banks to the indigenous oil firms in Nigeria have been rated as non-performing. A...

Group signs 10-year deal to buy 500,000 tons LNG annually

Chinazor Megbolu | An organisation, Vitol, has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tons of LNG annually. The...

DPR projects 40bn barrels of oil reserve by 2025

Chinazor Megbolu | The Department of Petroleum Resources (DPR) has projected 40 billion barrels of oil condensate reserve by 2025. The regulatory agency made this...

US tribunal orders oil firm to pay Nigeria $660,000

Peter Olaniyi | The Minister of Justice, Abubakar Malami has welcomed the judgment of a U.S.-based tribunal, which ordered InterOcean Oil Company to pay the...

Nigerian oil workers vow to ground Chevron operations over sack of 1000 Nigerian workers

Peter Olaniyi | The oil production at the 220, 000 barrels per day Agbami oilfield and operations at other assets of Chevron in Nigeria are...

Chevron sacks 1,000 additional staff in Nigeria

Peter Olaniyi | The United States (U.S.) oil supermajor, Chevron Corporation, on Friday declared that it has reduced its workforce by 25 per cent in...

Chevron denies plan to move Nigerian jobs outside the country.

Chinazor Megbolu | The Chevron Nigeria Limited (CNL) has denied plans to relocate jobs outside the country. The Management at the weekend said it has...

Sanusi supports Buhari on fuel, electricity subsidy removal

Abiola Seun | A former Emir of Kano, Sanusi Lamido, has applauded President Muhammadu Buhari for removing subsidy on petroleum products, saying...