For Nigeria and other African countries to minimize the effects of unstable oil prices and reduce dependence on oil, key investments must be geared towards developing Liquefied Natural Gas...

The growth of the power sector may remain elusive, if the Federal Government fails to address the challenges facing gas pricing in Nigeria, the power distribution companies have said.

A group that is committed to the promotion of local content in the Nigerian oil and gas industry, the Nigerian Content Vanguard (NCV), has urged President Muhammed Buhari and the various government agencies in the oil and gas sector to probe the indigenous ownership claim of the Lagos Deep Offshore Logistics (LADOL) to put the…

The coronavirus has been touted as one pandemic that would push countries to embrace a new normal. Having suffered huge revenue losses and witnessed oil prices tank below a level never witnessed, the reality of a new normal became clearer, and reinforced the need for actions that would change...

For operators in Nigeria’s oil industry to survive in the post-COVID-19 environment, they need to embrace new normal and seek ways to embrace cost optimisation

An increase in demand for Very Low Sulphur Fuel Oil (VLSFO) that would see prices strengthen is expected as economies begin to recover and trade restrictions lifted.

Considering its huge reserves and potential for economic transformation, Nigeria is considered to more of a gas nation, against its reputation as an oil-producing country. With many discoveries across Africa, the need to explore gas for domestic development and implement policies to drive its utilisation, especially as it relates to electricity and industrial growth, remain…

Stakeholders in Nigeria’s oil and gas industry, as well as the maritime sector have hailed the takeover of the Export Free Zones involved in oil and gas activities in Nigeria by the Oil and Gas Free Zones Authority (OGFZA), which is in line with relevant legislation. The stakeholders also applauded the political will demonstrated by…

Presently, the Nigerian economy needs huge capital through foreign direct investment from foreigners or Nigerians in diaspora into critical sectors or industries.

Deputy Chairman, House Committee on Petroleum Resources, Preye Influence Oseke, representing Southern Ijaw Federal Constituency, Bayelsa State, has urged International Oil Companies...

Power Generation Companies in Nigeria (GenCos), have described the call by the Senate to cancel the privatisation exercise of the power sector as premature.

For close to two decades, the Petroleum Industry Bill (PIB) has been in the works, as it was first introduced in the National Assembly in 2000, thereby making it easily the bill with the longest timeline at the National Assembly.