How Nigeria can boost her external reserves – Experts
Some financial experts have urged the Federal Government to export more gas and agricultural produce as measures to enhance the contry’s external reserves.p They spoke […]
oil and gas
Oil spillage: NOSDRA, stakeholders move to tackle menace
The National Oil Spill Detection and Response Agency (NOSDRA), has called on stakeholders in the petroleum industry to ensure the prevention of oil spillages in […]
British MP, report slam oil firms, allege environmental genocide in Bayelsa
Oil pollution in Bayelsa State was on the international focus on Tuesday as the report of the state’s Oil and Environmental Commission (BSOEC) was launched […]
NNPC Ltd arrests 6 suspected crude oil thieves, destroys barge
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has intercepted an illegal Crude Oil Barge and arrested six suspected crude thieves in Warri, […]
African countries must join forces to diversify energy mix through AfCFTA – Kyari
Mr Mele Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company Ltd. (NNPCL), has called on African countries to take advantage of the implementation […]
FG to explore alternative funding model for oil & gas industry development – NUPRC
The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil […]
NNPC Ltd has spent $1bn on AKK gas pipeline project – Kyari
The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has so far spent over 1.1 billion dollars on the ongoing construction of the Ajaokuta-Kaduna-Kano […]
Shell, TechnoOil, Schlumberger, others emerge winners at NIES 2023 awards
Shell Petroleum Development Company Nigeria Limited, TechnoOil Group, Schlumberger and other international and indigenous oil and gas companies emerged winners at the sixth edition of […]
Decade of Gas initiative in right track to achieve energy security – Kyari
The Nigerian National Petroleum Company Limited (NNPC Ltd), says that energy security will rightly be achieved by the realisation of Nigeria’s Decade of Gas Initiatives […]
Oil: OPEC predicts shortfall of 2m barrels per day by year end
The oil market is heading for a significant shortfall of around two million barrels per day at the end of the year as a result […]
PIA, pollution and host communities By JEROME-MARIO UTOMI
Like every new invention which comes with opportunities and challenges, the passage by the National Assembly and signing into law of the Petroleum Industry Bill […]
Nigeria’s domestic gas network can transport 6.9bn bcf for power, others – Kyari
The Nigerian National Petroleum Company Limited (NNPC Ltd), says Nigeria’s domestic gas infrastructure network has capacity to transport 6.9 billion Standard Cubic Feet (BCF) of […]
NMDPRA unveils 6 new regulations for oil, gas industry
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled six gazetted regulations to spur investment and economic growth in the midstream and downstream […]
FEC approves N117bn for Oil Museum in Bayelsa
The Federal Executive Council (FEC) has approved N117 billion for the construction of Oloibiri oil museum in Bayelsa. The Minister of State for Petroleum resources, […]
Buhari sets up 14-member committee to tackle supply, distribution of petroleum products
President Muhammadu Buhari has approved the constitution of a 14-man Steering Committee on Petroleum Products Supply and Distribution management to find lasting solution to disruptions […]
PIA and gestation of acts By JEROME-MARIO UTOMI
Many Nigerians with critical interest had hitherto believed that the advent of Nigeria’s Petroleum Industry Act (PIA) 2021, which was signed into law in the aforementioned […]
Oil and gas can no longer sustain Nigeria, says Obasanjo
Former President Olusegun Obasanjo has said the oil and gas sector can no longer sustain the nation in the face of burgeoning population. Obasanjo said […]
FG orders security forces to end crude oil theft before May 29
The Minister of State for Petroleum Resources, Timipre Silva, has charged security agencies to end crude oil theft before the President Muhammadu Buhari-led administration ends […]
Explain how you spent N625bn oil derivation refunds – SERAP tells Wike, other govs
By EZEKIEL OBI, Abuja – The Socio-Economic Rights and Accountability Project (SERAP) has asked Rivers State Governor, Nyesom and other governors to disclose the spending […]
Historic Declaration of Cooperation of OPEC, non-OPEC oil-producing countries turns 6
The Declaration of Cooperation (DoC) between Organisation of Petroleum Exporting Countries (OPEC) Member Countries and 10 non-OPEC oil-producing countries turned six on Saturday Dec. 10, […]