Headlines NCDMB, NEXIM Bank sign on US$30m MoU working capital fund for oil companies Chinazor Megbolu The Nigerian Content Development and Monitoring Board (NCDMB) and Nexim Nigerian Export-Import Bank had signed a memorandum of understanding on the ... By maritimemagJune 24, 20210
Headlines Court awards N81.9bn damages against Mobil, NNPC over oil spillage Chinazor Megbolu A Federal High Court in Abuja has awarded N81.9 billion damages against Nigerian National Petroleum Corporation (NNPC) and Mobil Producing Nigeria ... By maritimemagJune 22, 20210
Headlines Fuel marketers threaten strike over extortion by DPR officials The Independent Petroleum Marketers Association of Nigeria (IPMAN) Suleja/Abuja Unit, on Sunday, threatened to embark on a strike action over alleged extortion by ... By maritimemagJune 21, 20210
Headlines Nigeria rakes in $418bn from oil and gas sector, says NEITI Chinazor Megbolu The Nigeria Extractive Industries Transparency Initiative (NEITI) has said that Nigeria raked in a total of $418.54 billion revenue from the ... By maritimemagJune 19, 20210
Headlines NNPC, gas producers partner to boost supply for GenCos Chinazor Megbolu The Nigerian National Petroleum Corporation (NNPC) is partnering with gas producers in the country in a bid to supply gas for ... By maritimemagJune 17, 20210
Headlines NNPC seals $70m contract to supply crude oil to Indonesia Chinazor Megbolu The Nigerian National Petroleum Corporation (NNPC) through its subsidiary Duke Oil has sealed a deal to supply 30,000 barrels per day ... By maritimemagJune 16, 20210
Headlines NLNG Train 7 project to bring $10bn FDI – Attah Chinazor Megbolu The Managing Director, Nigeria Liquified Natural Gas (NLNG), Mr. Anthony Attah, has said the Train 7 project will bring an inflow ... By maritimemagJune 16, 20210
Headlines Fuel scarcity looms as NUPENG, PENGASSAN threaten strike over Chevron workers’ sack The joint Executive Council of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) as well as the Petroleum and Natural Gas ... By maritimemagJune 14, 20210
Headlines Nigeria’s gas reserves hit 206.53 trillion standard cubic feet Chinazor Megbolu The Department of Petroleum Resources (DPR) has said that proven gas deposits in the country has reached 206.53 trillion cubic feet. ... By maritimemagJune 13, 20210
Headlines NNPC, NCDMB, ZED Energy partners on N10.5bn Brass Petroleum Products Terminal Chinazor Megbolu The Nigerian National Petroleum Corporation (NNPC), Nigerian Content Development and Monitoring Board (NCDMB) and ZED Energy Limited had partnered by signing ... By maritimemagJune 13, 20210
Headlines Chevron spends $10 billion on Nigerian suppliers, service providers Chairman/Managing Director, Chevron Nigeria Limited (CNL), Rick Kennedy, said the company has in the last 10 years spent an estimated annual average ... By maritimemagJune 13, 20210
Headlines DPR shuts adulterated kerosene outlet in Calabar The Department of Petroleum Resources (DPR) in Cross River has sealed a retail outlet, Chizioba Ventures, for allegedly selling adulterated kerosene. The outlet, ... By maritimemagJune 12, 20210
Headlines Senate commends NNPC’s drive towards profitability The Senate has commended the Nigerian National Petroleum Corporation (NNPC) for its efforts towards attaining profitability and stamping out corruption from ... By maritimemagJune 12, 20210
Headlines DPR to open mini gas distribution centres across all local council areas The Department of Petroleum Resources (DPR) has said that it was planning to launch liquified natural gas (LNG) micro-distribution centres across the 774 ... By maritimemagJune 11, 20210
Headlines OPEC member countries lose $1trn oil revenue in two years Chinazor Megbolu The Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo has said that Nigeria and other member countries lost ... By maritimemagJune 10, 20210
Headlines African oil producers advocate for regional investments Chinazor Megbolu The African Petroleum Producers Association (APPO) is pushing for regional investments amongst others. This was a joint decision taken by ... By maritimemagJune 7, 20210
