Don’t celebrate progress on PIGB yet, says Kachikwu
The Minister of State for Petroleum Resources, Ibe Kachikwu has said Nigeria must not celebrate progress on the Petroleum Industry Governance Bill (PIGB) yet unless something is done about the fiscal aspect of the bill. Also, the Federal Government has deferred the award of new acreages until the PIGB is signed into law. He also…
Oil workers face off with indigenous firms over remuneration
About 2,000 oil workers may be be on the line, as the crises between Nigeria indigenous oil firms and unions demanding higher remuneration for disengaged members, intensified.
What to expect from ‘Nips’ Nigeria’s biggest oil summit – Ibe Kachikwu
It is not just going to be seen in Houston every year and then come back. So last year in Houston I declared that it would be the last time I would attend as a minister and it’s certainly the last time that we’ll sponsor people to attend from the Federal Government purse.
Nigeria’s oil sector needs $100bn investments, says Kachikwu
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Thursday said the oil sector needed huge investments to the tune of 100 billion dollars.Kachikwu said this while reeling off the urgent needs of the sector at the closing ceremony of the just-concluded maiden Nigeria International Petroleum Summit ....
Despite assurance of no increase, petrol sold at N190.9/litre in January
Despite assurances from the Ministry of Petroleum Resources, and Nigerian National Petroleum Corporation (NNP), that the Federal Government has no intention of increasing the pump price...
Nigeria’s oil production falls to 1.819mbpd in January
Nigeria’s crude oil production decreased by 8,100 barrels per day (bpd) from 1.828 mbpd it recorded in December, to 1.819mbpd in January.The drop may not be unconnected with the various line breaches caused by vandals in the later part of 2017, leading to the shut-in of production in many fields.
FG to bar multinational oil coys from shipping out crude
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday said multinational oil firms would soon not ship out all the crude oil they produce in Nigeria.
Kachikwu says no going back on petrol sufficiency
The Minister of State for Petroleum Resources, Ibe Kachikwu, yesterday directed the Nigerian National Petroleum Corporation (NNPC) to ensure that petrol queues were cleared in Abuja before Sunday. He also said that there was no going back on the target set by the country to achieve self-sufficiency in refined petroleum products and revamping the nation’s…
Kachikwu directs NNPC to clear fuel queues in Abuja before Sunday
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Thursday directed the Nigerian National Petroleum Corporation (NNPC) to ensure that petrol queues were cleared in Abuja before Sunday.
Kachikwu allays fear of debt over Egina FPSO project
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has allayed fear of debt over the Egina Floating Production Storage Offloading (FPSO) project.He gave the assurance yesterday in Lagos during the tour of the project.
U.S. may halt crude oil import from Nigeria
Nigeria saw a significant reduction in the US imports of its crude in recent years, starting from 2012, following the shale oil production boom.The U.S. imported a total of 28.53 million barrels of crude oil from Nigeria in the third quarter of last year....