The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari have applauded Rainoil Limited for its efforts in deepening in-country gas utilization.

Speaking at the launch of Rain Oil Liquified Petroleum Gas (LPG) facility…

The National Oil Spill Detection and Response Agency (NOSDRA) disclosed that the value of gas flared by oil and gas companies from January to June 2020 worth about $445.7m.

NOSDRA stated that 222.8 billion standard cubic feet (bscf) of gas was flared during the period.

This was…

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

Sylva made this known on the Twitter account of the Nigerian National Petroleum Corporation…

Oriental Energy Resources Limited, an indigenous oil producer in Nigeria, has donated food items to its host communities in Mbo Local Government Area, Akwa Ibom State, to cushion the effects of COVID-19 pandemic.

According to the company’s Head of Community and Government Relations, Dr. Uwem Ite, the food distribution was…

   …Highest in five months

The international oil benchmark, Brent crude, rose on Wednesday to its highest since early March after a large decline in the United States’ crude inventories and supported by a weak dollar.

Brent, which plunged to as low as $15.98 per barrel in…

The Independent Petroleum Marketers Association of Nigeria, South-West chapter has been directed its members to to sell Premium Motor Spirit, aka fuel at N150 per litre in their filling station.

The new price represents a N5 increment from the official pump price of N145.

IPMAN South-West Zonal…

The ADIPEC Strategic and Technical Conference will take place virtually between November 9 and 12, 2020, DMG Events, the organiser of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) has announced.

This follows a directive from Abu Dhabi’s Department of Culture and Tourism that events should not take place in light…

Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled $61.6 billion in 2019, the African Development Bank has revealed.

According to the 2019 Joint Report on Multilateral Development Banks’ Climate Finance, $41.5 billion (67%) was in low- and middle-income economies,

The study expands the…