Author: Charles Ayoka

Quest Oil & Engineering Services Limited has called on the federal government to undertake significant measures to activate vehicle conversion from petrol engines to gas in line with its campaign aimed at promoting more gas usage across the country. Speaking during a media roundtable, Goke Dele, Chief Executive Officer, Quest Oil & Engineering Services Limited, […]

Engr. Simbi Kesiye Wabote, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) has been selected for the African Local Content Icon Award by the 2021 African Business Leadership Awards (ABLA) organized by the African Leadership Magazine. The award has 12 categories and the winners emerged through selection, online voting for nominees […]

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged members of the Board of the NNPC Greenfield Refinery Limited (NGRL), to explore all available options to bring an end to the current challenge of petroleum products importation. Mallam Kyari gave the charge Thursday while inaugurating the Board of […]

The world’s newest oil-producing nations grabbed the spotlight at this week’s Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels. At the conference highlighting renewable and cleaner-burning fuels and investors moving bets away from fossil fuels, Brazil, Ghana, Guyana, and Suriname […]

A Civil Society Organisation, Policy Alert, has faulted President Muhammadu Buhari’s signing of the Petroleum Industry Act 2021, urging communities to test the provisions of the Act before the courts. President Buhari had on Monday signed the erstwhile Petroleum Industry Bill, PIB, into law amidst protests from community groups and many other stakeholders that the […]

The Federal Government has announced its readiness for the actualization of its Methanol policy to put an end to the flaring of the country’s natural gas which is in abundance but has been wasting away. The Minister of Science, Technology, and Innovation (FMSTI) Dr. Ogbonaya Onu gave the indication on Friday in his address at […]

Nigeria has given its state oil firm the green light to acquire a 20% stake in Dangote’s oil refinery for $2.76 billion, junior oil minister Timipre Sylva said on Wednesday. The 650,000-barrel-per-day oil refinery, owned by Africa’s richest man Aliko Dangote, is under construction in Lagos, the biggest city in the most fuel-consuming nation in […]

TotalEnergies Nigeria Plc recorded a 132.14 percent rise in revenue in the second quarter of 2021, leaving behind four other major oil marketing companies operating in the country. Financial statement of the oil major marketing company listed on the Nigerian Exchange Limited said its revenue rose by 132.14 percent to N84.64bn in Q2 2021 from […]

The Special Adviser to the Minister of State for Petroleum Resources on Gas Business Development, Brenda Ataga, corroborated that the commodity may not become affordable unless the development of the resources is domesticated. According to her, the price may continue to rise because prevailing micro-economic indices are rising, adding that there was the need for […]

Rivers State Governor, Nyesom Wike, has said that the kickoff of the $10billion Train-7 project of the Nigeria Liquefied Natural Gas Limited, remains a proof that the state was safe contrary to negative reports against the state Governor Wike said this during a courtesy call by the Ambassador of the Republic of Korea to Nigeria, […]