Category Archives: Uncategorized

SON begins certification of Techno Oil LPG cylinders

Techno Oil Limited, has announced that the Standards Organisation of Nigeria (SON), has commenced the certification of its Liquefied Petroleum Gas (LPG) cylinders.   The company described the certification as a key regulatory requirement for the final roll out of the cooking gas cylinders manufactured from the plant into the Nigerian and West African markets. […]

Polish refiner PKN Orlen expects shipment of Nigerian oil this month: CEO

State-run PKN Orlen, Poland’s biggest refiner, and smaller rival Lotos, which it is taking over, rely mostly on Russian oil delivered via pipelines built in the 1960s but both have increased purchases from other sources.   “Nigeria is our new source of supplies we are exploring. Currently, a batch of 130,000 tonnes of Nigerian oil […]

B7JV signs $10m contract for Bonny LNG design services with NDIC

Bonny7JV (B7JV), a UK-based joint venture led by KBR, JGC and TechnipFMC have awarded a $10 million contract to NDIC, a Nigerian-based consortium lead by Netco, DeltaAfrik, IESL and Crestech for design services.   The signing took place recently in Lagos at the FMDQ OTC securities exchange. It would be recalled that B7JV was awarded […]

NNPC: Oil Revenue Rose by 35% to $416m in June

  Nigeria’s revenue from crude oil and gas sales rose by 35 per cent, representing $416m in June, the Nigerian National Petroleum Corporation (NNPC) said yesterday.   The NNPC in a statement, which announced the release of its June 2018 monthly financial and operations report in Abuja, stated the total financial value of the crude […]

NNPC’s trading surplus hits N18bn over higher oil sales, others

  Nigerian National Petroleum Corporation, NNPC, yesterday, attributed the rise in its trading surplus in the month of May 2018 to the improvement in the financial performance of its subsidiaries and the high volume of crude oil production and sales in the month under review.   The NNPC in a statement on its April 2018 […]

Nigeria’s oil industry lacks direction without PIB as other African countries pass laws

The refusal of President Muhammadu Buhari to assent to the Petroleum Industry Governance Bill (PIGB) after a wait of almost two decades, has brought the issue of reforms in the oil sector of the economy into sharp focus and public scrutiny.   Coming at a time when expectations were high that after the prolonged pause […]

Oil Prices Boost NNPC’s Profit to N63.73bn in Four Months

  The Nigerian National Petroleum Corporation (NNPC) has leveraged the continuing rise in crude oil prices to earn profits worth N63.73 billion from its operations between February and May of 2018, the corporation’s financial and operations reports for the four months have indicated.     On the issues of product theft and pipeline breaks, the […]