The Nigerian National Petroleum Corporation (NNPC) has said the corporation may not achieve a swift relocation of tank farms from their current locations along Ijegun, Kirikiri areas in Lagos and other parts of the country until full rehabilitation of the refineries and the completion of the Dangote refinery. This is to avoid dislocation…

Nigeria Liquefied Natural Gas (NLNG) has denied reports it illegally withdrew $1.05billion from Nigerian National Petroleum Corporation’s dividend account.

It also denied that its Managing Director/CEO Tony Attah and the GMD, NNPC, Mele Kyari are signatories to an account and have been moving and “squandering” monies belonging to the company…

FBN Analysts have said that the near time outlook for the petroleum industry was subdued considering the comparatively low fuel demand in the first half of 2020.
In the note last Friday, the analysts at merchant Bank and Asset Manager, FBN Quest, titled ‘Downstream Oil and Gas at a Crossroads and Due for…

The COVID-19 pandemic is said to have affected the drilling market both in terms of wells drilled and in terms of related demand for drilling equipment. The number of drilled wells globally is expected to reach around 55,350 this year, the lowest since at least the beginning of the century.

International shipbuilders, Samsung Heavy Industries (SHI), has that it is developing innovative methods that would assist in modernizing shipbuilding in Nigeria.

The company said it has commenced research across multiple centres in Geoje, Daeduk and Pangyo in Korea that will transform Samsung’s shipyard at Geoje into a smart shipyard, and…

The Organisation of Petroleum Exporting Countries (OPEC), has confirmed that Nigeria has cut its output from 1.7 million barrels per day, mb/d in May to 1.4mb/d in June 2020. It is the first time the global oil body is giving such confirmation, although Nigeria has consistently flouted the oil production agreement of OPEC.

Sixty candidates at the weekend participated in the Aptitude test conducted by the Nigerian Content Development and Monitoring Board (NCDMB) for the second phase of its Cadet Training Programme.

The selection test which comprises of aptitude tests and interviews held at Charkin Maritime and Offshore Safety Limited, PortHarcourt, Rivers State.

South Africa’s Ministry of Energy has cut the country’s energy budget by 16%, from 9.3 billion rand to 7.8 billion rand ($471m), after cutting 1.5 billion rand, due to the Covid-19.

 A report by Agence Ecofin, said rural electrification will be the main sector affected by this reduction with 43,000…