Except urgent steps are taken, indications are that the country could lose its place as a top oil and gas producer due to decline in crude oil reserves and stagnating production level. This has hovered around 1.5 million to 2 million barrels per day in the last few years.

President Muhammadu Buhari yesterday disclosed he would retain his position as Minister of Petroleum Resources, working alongside former Bayelsa State Governor Timipre Sylva...

The Ministry of Petroleum Resources, the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC)...

The oil sector dropped by 3.9 per cent in the second quarter because oil production dropped to 1.8 million barrels per day from two million barrels per day in the first...

Bank-Anthony Okoroafor is the chairman of Petroleum Technology Association of Nigeria (PETAN), an umbrella body for all oil services companies in Nigeria.

We need to do more of exploration to increase our reserves thereby improving our country investment attractiveness. The government for now should focus on improving the security of lives and assets.

Nigeria has lost over N200 billion in the last 11 months due to the force majeure declared by Shell Petroleum Development Company (SPDC) as a result of the vandalism of the 48-inch Forcados export line in 2016.

Industry leaders and expert speakers have been drawn from key stakeholders involved in the oil and gas industry in Nigeria to lead discussions and provide invaluable insight at WAIPEC 2017.

Stakeholders however say that a successful dialogue with Niger Delta militants to end pipeline bombings will determine the performance of this year’s budget and the country’s chances of getting out of the recession.

For some experts, it was only wise for the Federal Government to utilise Kaduna refinery that is capable of refining both local and international crude.

The chairman, Petroleum Technology Association of Nigeria (PETAN), Bank Anthony Okoroafor, told KELVIN EBIRI in Port Harcourt that although doing business is tough in Nigeria ...

Fifty-six years after independence and more than 58 years after Nigeria’s first commercial oil discovery, the sector is still bedeviled by low production level/reserves, militancy and weak regulatory framework.