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Stakeholders seek enforcement of asset optimisation clause in PIB
To avoid situations where oil assets are left idle without necessary contributions to the federation account, stakeholders have charged the Federal Government to enforce the drill or drop clause in the Petroleum Industry Bill (PIB).
3 days ago  
‘How Nigeria benefited from OPEC in last 50 years’
3 days ago  
The Minister of State Petroleum Resources, Chief Timipre Sylva has stated that Nigeria’s membership of the Organisation of Oil Exporting Countries (OPEC) has provided critical benefits, especially in the last 50 years.
Report of a looming fuel scarcity again at this time of the year has come
‘Africa must prioritise cleaner fuels in net zero emissions targets’
3 days ago  
With its growing petroleum products demands and huge population growth over the next two decades, Africa must first focus on cleaner transport and cooking fuels to reduce air pollution and avert public health issues before embarking on global Net Zero Emissions...
How CBN spent N1.5trillion on power sector intervention in seven years
16 Jul  
Despite prevailing challenges, the Central Bank of Nigeria (CBN), has in the past seven years spent over N1.5 trillion to keep the nation’s power sector from collapse.
Panic as IEA projects oil market tightness, volatility
16 Jul  
Oil markets will tighten "significantly" if the OPEC+ stalemate continues, the IEA has said. According to the IEA, until the group reaches
Stakeholders advocate collaboration for revenue growth in mining sector
16 Jul  
Minister of Mines and Steel Development, Olamilekan Adebgite, Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Orji Ogbonnaya Orji, and other stakeholders
World Bank, TCN advocate capacity development in power sector
15 Jul  
The Transmission Company of Nigeria, (TCN) and World Bank have said unless the capacity of the workforce in the power sector is improved, achieving projected development in the industry
GEIL signs new MoU with host community, expands CSR footprint
8 Jul  
Green Energy International Limited (GEIL), a leading oil and gas development company and the Operator of the Otakikpo marginal field has successfully negotiated and signed a new ‘’Memorandum of Understanding’’ (MoU) with one of its host community; The Ikuru Town Community. The MOU signing ceremony was witnessed and endorsed by the Rivers State Government representatives,…
Operators advise government against imposing VAT on cooking gas
7 Jul  
The Oil and Gas Service Providers Association of Nigeria, OGSPAN, has urged the Federal Government not to impose the Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG), otherwise known as cooking gas.
Production from Ogbele marginal field hits 20m barrels, 95bscf of gas
7 Jul  
Production from the Ogbele oil and gas field owned and operated by the Niger Delta Exploration & Production Plc (NDEP) has hit 20 million barrels of oil, 95 BScf of gas and over 160 million litres
ANED explains reasons for meter shortfalls as DisCo explains NMMP procedures
7 Jul  
The Association of Nigerian Electricity Distributors (ANED) has explained that the inability of meter manufacturing companies to produce the commodity in large quantities is responsible for the slow pace
FG didn't award Atala marginal field to new investors, says BOCL
7 Jul  
Bayelsa Oil Company Ltd (BOCL) has faulted a media report, which claimed that the Federal Government has awarded its oilfield, Atala Field (OML 46), to new investors.
Why petrol smuggling, adulteration thrive, by ARDA chief
30 Jun  
Anibor Kragha, Executive Secretary of the African Refiners and Distribution Association ((ARDA) in this interview with KINGSLEY JEREMIAH discusses critical issues in the downstream segment