The Nigerian National Petroleum Cooperation says it has started the process that will lead to the exploration of oil and gas in the Sokoto Inland Sedimentary Basin. The Group Managing Director, NNPC, Dr. Maikanti Baru, stated this when he received the Governor of Sokoto State, Aminu Tambuwal. Baru stated, “We have been on the issue […]
Four persons were on Monday killed after an explosion hit the jetty of the Petroleum Wharf, Apapa, Lagos State. It was gathered that a vessel, identified as Histria Ivory, was discharging Premium Motor Spirit (petrol) around 3am when some hoodlums besieged it to scoop fuel spilling from the vessel, which resulted in the death of […]
Pat Utomi, a professor of Political Economics, has advised the Federal Government to come up with specific and deliberate policies that will enhance the growth of the non-oil sector in order to enable the country to sustain its exit from recession. In its second quarter Gross Domestic Product report released on Tuesday, the National Bureau […]
One Policeman killed, three others have been seriously injured as suspected crude oil thieves invade and sack a Police station in Bayelsa State.
Thirteen suspected oil thieves are being interrogated in Port Harcourt, Rivers State by operatives of the EFCC in connection with their alleged involvement in illegal oil bunkering. The suspects: Jude Egwu; Ebi Akoto; Philip Orinya; Friday Ikuonu; Chuks Oyibona; Peter Ogunfuyi; Udak Esang; Roman Omiyenye; Augustine Jagun; Mike Obasi; John Camday, Elvis Egbule and Salvation […]
Oil prices began crashing in 2014 and were under $78 for the whole of 2015. Nigeria’s production cost per barrel of crude oil is down to $23, the state oil company said on Wednesday, after the country last month said the cost was $29 a barrel, one of the highest levels in the world. The […]
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr. Dakuku Peterside, has stated that Nigeria is set to benefit from the deep sea mining through effective harnessing of the opportunities by working with the International Seabed Authority. The NIMASA DG who made this known at the opening ceremony of the 23rd […]