Available records show Nigeria's crude oil production capacity stands at 2.2 million barrels per day even as the country has traditionally been ranked Africa's largest producer of oil. After decades of exploration, the oil and gas sector has accounted for a significant part of the government revenue. But despite such endowment, Nigeria has struggled to cater for millions of its citizens, with the [...]
Petrobarometer
Timipre Sylva, minister of state for petroleum resources, says about one billion barrels of crude oil have been discovered in the north-east. NAN quoted Sylva as saying this on Wednesday at a press conference to mark the end of the 2020 Nigeria International Petroleum Summit in Abuja. The minister said large quantities of oil deposits are yet to be found in the [...]
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The trial of Shell & Eni is ongoing in Milan, Italy, Valori.it, an Italian newspaper is reporting. Italian authorities had asked prosecutors to produce Isaac Eke, a Nigerian witness who is a retired assistant inspector-general of police (AIG), in the ongoing probe of the $1.1 billion Malabu oil scandal. Eke was brought up by defendant Vincenzo Armanna, former Eni manager, who became [...]
Senate President Ahmad Lawan says the national assembly is working towards passing the petroleum industry bill (PIB) before the end of the year. He said this while speaking with reporters in Abuja on Monday. "Whatever the mystery, we are determined to pass the PIB before the end of this year by the grace of God. The PIB is so important because until you [...]
Between January 2015 and June 2019, the federal government spent over N556 billion on oil pipeline repairs and maintenance across the country. This figure is contained in the monthly financial and operations reports released by the Nigerian National Petroleum Corporation (NNPC). Analysis done by TheCable showed that within the time covered, the pipelines in the country were vandalised a total of 8,353 [...]
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Ibrahim Ciroma, Adamawa state operations controller of the Department of Petroleum Resources (DPR), says the number of trucks entering Adamawa on a daily basis has reduced from 100 to between 30 and 40. [...]
President Muhammadu Buhari has approved the appointment of Sarki Auwalu as the substantive director of the Department of Petroleum Resources (DPR). [...]
Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation (NNPC), says the country will stop fuel importation by 2023. [...]
Omar Ibrahim, a Nigerian, has emerged secretary-general of the African Petroleum Producers’ Organization (APPO). His appointment was ratified at the extraordinary session of the APPO council of ministers, which held in Abuja, on Thursday. Ibrahim took over from Mahaman Gaya whose tenure ended same day. The Nigerian, with a focus in international energy relations, has served as governor of the Organisation of Oil [...]
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