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Conoil revenue increases by 13.7%

Stories by Amaka Ifeakandu Lagos Conoil Plc, Petroleum products marketing giant released half-year result for the period ended June 30, 2017, showing that revenue grew by 13.7 per cent. Th e result also showed that net profi t dropped by ...

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Senate blasts Kachikwu over PH refinery deal

By Ezrel Tabiowo Abuja Th e Senate, yesterday, slammed Minister of State for Petroleum Resources, Ibe Kachikwu, over what it described as non-transparent process adopted by Ministry of Petroleum Resources/Nigerian National Petroleum Corporation to engage ENI/NAOC and Oando as fi ...

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••2 Major repairs push up gas production

  Two major repairs eff ected on ‘20’ Escravos Lagos Pipeline System A (ELPS –A) and the completion of repairs of the vandalized Chevron off shore gas pipeline ramped up gas production by 689MMscfd. Disclosing this yesterday, the Nigerian National ...

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Nigeria closer to 40bn barrels oil reserve

By Patrick Andrew Abuja Nigeria’s crude oil reserves are likely to hit the 40 billion barrels by the year 2020 following a tripartite agreement in Abuja, between the Nigerian National Petroleum Corporation (NNPC) and two other fi rms, yesterday. Th ...

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FG hints at frustration with U.S. shale oil

By Patrick Andrew Abuja Th e federal government has expressed serious concerns over increasing output of United States’ shale oil, low oil price environment, alternative energy sources, new frontiers and militancy in the Niger Delta. Th e Minister of State ...

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NPC holds pre-retirement workshop

By Patrick Andrew Abuja Th e National Pension Commission has fi nalized arrangements for the 2017 Pre-Retirement workshop targeted at staff of Ministries, Departments and Agencies (MDAs) who are due to retire between January and December 2018. Th e workshop, ...

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NNPC says oil pipeline vandalism drops by 12 %

Th e Nigerian National Petroleum Corporation (NNPC) says its extensive engagement with oil and gas community stakeholders has continued to yield positive results with the attainment of 12.77 per cent reduction in downstream pipeline vandalism. Th e engagement, which it ...

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NNPC crashes price of diesel by N25

By Patrick Andrew Abuja Th e Nigeria National Petroleum Corporation (NNPC) has crashed the price of Automative Gas Oil (AGO from about 42 percent nationwide ensuring that the price drops by N25. Th e corporation said the drop follows its ...

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IPMAN suspends planned strike

By Patrick Andrew Abuja Th e Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced the suspension of its scheduled nationwide strike following the intervention of the Nigerian National Petroleum Corporation (NNPC). Th e planned strike was suspended following a ...

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DPR seals 13 fi lling stations in Sokoto

By Sidi A. Umar Sokoto- Motorists are still groaning in Sokoto metropolis and its environs as a litre of petrol is now selling between N165/ N 170 as the commodity was mostly available on evening times in fi lling stations ...

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end oversupply by Q3 – Platts

The agreement between OPEC and non-cartel oil producers to reduce supply would help draw down the huge global inventory build by the third quarter of this year, S&P Global Platts said in its Oil and Gas Outlook for 2017. Platts ...

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