NCDMB Develops Oil and Gas Park in Ondo State

l and gas industrial park under the portfolio of NOGaPS, aimed at creating low-cost manufacturing hubs, that will produce equipment components and spare parts, to be utilized in the nation’s oil and gas industry.

Nigerians paid N2.15trn for petrol in 12 months, says NNPC

NNPC reported that total sales of petroleum products for the period May 2020 to May 2021 stood at 18.651billion litres and PMS accounted for 99.69 percent of total volume.

Gencos Debt Payment: FG Budgets N139Bn

Gencos Debt Payment
The N139bn payment to Gencos represents about 98 per cent of the 2021 budget of NBET.

Shell targets 2 million tonnes of low-carbon jet fuel by 2025

Royal Dutch Shell says it plans to start producing low-carbon jet fuel at scale by 2025. The recently transformed...

Lagos state warns DPR on reopened tank farms

tank farm
The Lagos State Government has warned the Department of Petroleum Resources, DPR, to refrain from aiding unlawful acts in the state, especially that which concerns the recent re-opening of tank farms that violated seeking its physical planning approvals.

GE Foundation Provides Support Afghan Refugee

The GE Foundation created the concept of a corporate matching gift program in 1954. Today, the program continues to serve as an important element of the Foundation’s portfolio, with gifts matched in 2020 totaling $16.8 million.

KKR to buy Norway’s Ocean Yield in $829m deal

Ocean yield
Ocean Yield's board supported the bid, and its top owner, Norway's Aker ASA, said it had agreed to sell its 61.65% stake to KKR. ($1 = 8.6872 Norwegian crowns).

OPEC daily basket price stood at $74.14 a barrel Friday, 17...

Vienna, Austria, 20 September 2021--The price of OPEC basket of thirteen crudes stood at $74.14 a barrel on Friday, compared with $74.17...

CBN’S Intervention To Power Sector Dips Balance Sheet By 6%

Power Sector-The balance sheet of the Central Bank of Nigeria (CBN), has been dipped by six per cent, a report by Augusto&...

NAIG’s ultimatum to Chevron expires.

Chevron energy
As the 28-day ultimatum handed down to the management of Chevron Nigeria Limited, CNL by the National Association of Itsekiri Graduates, NAIG,...