The Minister of Mines and Steel Development, Olamilekan Adegbite has stated that his ministry needs funds to drive exploration activities, even as the government seeks to de-risk the sector.

The Federal Government in line with its aspiration to deepen gas utilisation in Nigeria, has urged investors to harness investment opportunities in the entire gas value chain before it reaches a saturation stage.

A Non-Governmental Organisation, Human and Environmental Development Agenda (HEDA Resources Centre), has called on the Federal Government to expedite the investigation of parties suspected to be involved in the alleged controversial Oil Prospecting Lease ...

The Managing Director/Chief Executive Officer, Mojec International, Chantelle Abdul, has said the metering gap in Nigeria will be addressed with funding intervention from the Federal Government.

With the uncertainties surrounding oil demand and growing need for energy powered by gas locally and internationally, the Nigeria LNG Limited (NLNG), and other stakeholders have urged the Federal Government to declare a decade of gas beyond the 2020....

The Federal Government, through the Rural Electrification Agency (REA), has said off-grid solutions, especially renewable energy will be deployed to solve sustainable energy challenges in rural communities across Nigeria.

The Federal Government has commissioned 100kw solar hybrid mini grid in Ebonyi State to power rural communities. The renewable energy is expected to serve a rice milling plant and attract other investors to the communities. Speaking at the launch of the project, Minister of State for Power, Jedy Gody-Agba said a rice milling plant has…

The Nigeria LPG Association, NLPGA, has described the 2,050 per cent increase in the Petroleum Products Pricing Regulatory Agency (PPPRA) Administrative fee on LPG (Cooking Gas/Autogas) as illegal and capable of affecting the Federal Government National LPG Expansion Plan and the National Gas Expansion Programme. The National LPG Expansion Plan and the National Gas Expansion…

Notwithstanding competition from renewables, the Nigerian Association of Petroleum Explorationists (NAPE) has said the government would not relent in its exploration activities in the frontier basins, especially in the Benue trough, by deploying new technologies that aid investment decision-making. NAPE President, Alex Tarka, preparatory to the Association’s yearly conference and exhibition, told journalists yesterday that…

The Nigerian Independent Marketing Company (NIPCO) has disclosed its plans to further raise stake in Liquefied Petroleum Gas (LPG) projects with expected deployment of hundreds of skids and bottling plants across the country to ensure unfettered access to domestic cooking gas, as well as realisation of government’s gas agenda. Indeed, the firm noted that hydrocarbon…

OPEC+ crude oil output ticked up 210,000 barrels daily (b/d) in October, the latest S&P Global Platts survey found, as the alliance readies to set production levels for 2021 in what may be an increasingly oversupplied market. OPEC's 13 members pumped 24.54 million b/d, while nine allies, led by Russia, have been coordinating supply with…

Although the weather very rarely has any influence on crude oil prices, the coronavirus pandemic notwithstanding, under colder temperature, it affects both the virus itself...