15 years on, FG seeks revival of brass, Olokola gas projects
About 15 years after the conception of Brass and Olokola Liquefied Natural Gas projects, the Federal Government, at the weekend, said revival of the projects were being considered to achieve projected revenue objectives and create over 5, 000 jobs.
Nigeria’s crude oil production may rise by 180,000bpd next year
Nigeria’s crude oil production is expected to rise further if Royal Dutch Shell and its partners, next year, decide whether to go ahead with the development of the nation’s Bonga Southwest...
Stakeholders query Katsina Refinery
Rather than view Tuesday’s signing of a Memorandum of Understanding (MoU) between Nigeria and Niger Republic for the building of a new refinery as a boost in the country’s refining capacity...
Nigeria, Niger Republic sign pact for new refinery in Katsina State
President Muhammadu Buhari and his Nigerien counterpart, Mahamadou Issoufou, yesterday in Abuja signed a memorandum of understanding (MOU) for the establishment of a new refinery in Katsina State.
Senate begins probe of lease renewal in oil, gas sector
The Senate yesterday resolved to probe all issues connected with the ongoing lease renewal in oil and gas sector being undertaken by the Ministry of Petroleum Resources and the Department of Petroleum Resources (DPR).
Senate surmon petroleum minister over "irregularities" in agencies
The Nigerian Senate Wednesday summoned the Minister of State Petroleum Resources, Ibe Kachikwu over irregularities in the management of oil and gas agencies. The lawmakers in their debate on matters regarding management of oil and gas agencies and undue leasing procedures called for transparency in the affairs of the agencies. Deputy Senate President Ike Ekweremadu…
Nigeria’s oil industry: Removing the shroud
Report that the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has thrown its weight behind President Muhammadu Buhari on the approval given to the Nigerian National Petroleum Corporation (NNPC) to enable it undertake a review of all Production Sharing Contracts ....
FG explains establishment of modular refineries in Delta, Rivers
The Presidency yesterday explained the rationale behind the establishment of modular refineries in Delta and Rivers states, insisting that it was in line with its desire to empower the Niger Delta region.
Delay in FDPs approval and Nigeria’s quest for 40 billion reserves target
The Federal Government’s desire to grow Nigeria’s strategic oil reserves to about 40 billion barrels and daily crude oil production to four million barrels per day may suffer setback...
Crude oil prices to decline to $68 a barrel in 2019
The United States’ Energy Information Administration (EIA) forecasts that Brent crude oil prices will average $71 per barrel in 2018 and $68 a barrel in 2019. Meanwhile, Nigeria’s Bonny Light crude oil has maintain an international price of $73.44 per barrel, higher than the Organisation....