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FG eyes $20bn deal to boost oil, gas production
News

FG eyes $20bn deal to boost oil, gas production

The Federal Government has announced an ambitious plan to secure a groundbreaking $20 billion investment deal aimed at revitalizing Nigeria’s oil and gas production. This announcement was made by the Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, during a courtesy visit by a delegation from Schlumberger (SLB) Ltd., led by its global […]

Military task force discovers 50 illegal oil mining sites
News

Military task force discovers 50 illegal oil mining sites

The Joint Military Task Force, Operation Delta Safe, has uncovered a revelation in the fight against illegal oil activities, as they revealed the existence of 50 oil refining sites nestled within the Biseni forests in Yenagoa Local Government Area, Bayelsa State. Rear Adm. John Okeke, the commanding officer orchestrating the operation, disclosed the startling findings, […]

Energy

Nigeria oil margin hits $37 in London trade

Nigerian oil margins per barrel increased slightly in London trade on Monday, continuing the upward path that began last week when prices soared by almost 4% with supply anticipated to contract amid the Russia-Ukraine war. In the report, the May delivery of Brent crude oil futures surged by 40 basis points to $85.66 a barrel. […]

Oil and Gas

Port Harcourt refinery resumes operation in April – NNPCL

The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, has said the Port Harcourt refinery will commence operations in about two weeks time. According to Kyari, the mechanical works at the Port Harcourt, Warri and Kaduna refineries have been completed, indicating that the Kaduna refinery will start operations in December. This […]