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PIB: Wike Advocates for 10 Percent Revenue Allocation to Oil Bearing States
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    PIB: Wike Advocates for 10 Percent Revenue Allocation to Oil Bearing States
    Oil

    PIB: Wike Advocates for 10 Percent Revenue Allocation to Oil...

    March 7, 202101408

    Governor Nyesom Wike of Rivers State The Governor of Rivers State, Barrister Nyesom Wike, advocated that the Petroleum Industry Bill (PIB), currently

    Oloibiri Lecture: SPE to deliberate on way forward for Oil and Gas industry
    Oil

    Oloibiri Lecture: SPE to deliberate on way forward for Oil a...

    March 5, 202101971

    L-R:Events Manager, SPE Nigeria Council, Mr. Udochukwu Akunna; Chairman, Engr. Olatunji Akinwunmi and Vice Chairman, Prof. Olalekan Olafuyi at the pre

    OPEC+ Deal to Boosts Oil Prices Despite Inflation Fears
    Oil

    OPEC+ Deal to Boosts Oil Prices Despite Inflation Fears

    March 5, 202101374

    Oil prices jumped higher Thursday after OPEC+ countries allowed crude production to rise only slightly, while US stocks unwound over concerns about ri

    ExxonMobil Curbs Spending Plans, Reveals Path to Lower-Carbon Future
    Oil

    ExxonMobil Curbs Spending Plans, Reveals Path to Lower-Carbo...

    March 5, 202101684

    Oil major ExxonMobil has revealed its capital spending in 2021 will be in the range of $16 billion to $19 billion as well as its plans to focus on dev

    Fuel Scarcity: Roadside sellers resurface in FCT
    Oil

    Fuel Scarcity: Roadside sellers resurface in FCT

    March 2, 202101764

    Following scarcity in some part of Abuja metropolis, roadside sellers are making quick business using the current situation to make money through blac

    Dangote Refinery: A Panacea to Nigeria’s Petrol Import
    Oil

    Dangote Refinery: A Panacea to Nigeria’s Petrol Import

    March 2, 202101592

    The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, during an inspection tour of the US$15bn Dangote Refinery, Petrochemicals Complex F

    DPR warns marketers against hoarding of petroleum products
    Oil

    DPR warns marketers against hoarding of petroleum products

    March 2, 202101117

    The Department of Petroleum Resources (DPR) has issued warning to marketers against hoarding of Petroleum products in their outlets. The Director/CEO

    NNPC Says No Increase in Fuel Price in March
    Oil

    NNPC Says No Increase in Fuel Price in March

    March 1, 202101438

    …Cautions against Hoarding, Panic Buying Contrary to speculations of imminent increase in the price of Premium Motor Spirit (petrol) in the country, t

    SEPLAT maintains dividend paying policy despite challenging oil market
    Oil

    SEPLAT maintains dividend paying policy despite challenging ...

    March 1, 202101624

    … Shareholders get $58 million in 2020 full year  Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian indepe

    National Assembly Members on Assignment tour to refineries
    Oil

    National Assembly Members on Assignment tour to refineries

    February 25, 202101367

    -By Felix Douglas The National Assembly (NASS) is working assiduously through Senate towards having a legislation that will trigger the attainment of

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