BY GOWIN OBI Emadeb Energy Services Limited has become the first oil marketer to take advantage of the deregulated downstream oil sector by bring in 27 million litres of Premium Motor Spirit (PMS) known as petrol for local consumption. The vessel, ST NENNE which berthed, at Emadeb Jetty in theContinue Reading
BY GODWIN OBI President Muhammadu Buhari has okayed Seplat Energy Offshore Limited’s acquisition of Exxon Mobil shares. Buhari’s approval was contained in a statement by presidential aide Femi Adesina on Monday. “In his capacity as Minister of Petroleum Resources, and in consonance with the country’s drive for Foreign Direct InvestmentContinue Reading
Statistics shows Nigeria as most notorious nation in oil theft The federal government Monday lamented that the country loses 400,000 barrels of crude oil to thieves on daily basis.The Minister of Environment, Mr. Mohammed Abubakar, disclosed this during a town hall meeting held in Abuja on how to protect oilContinue Reading