The over 202 trillion standard cubic feet deposit of gas in Nigeria could significantly improve economic development if the resource is harnessed for domestic benefits, Chairman of Oilserv Limited

Minister of State for Petroleum Resources, Chief Timipre Marlin Sylva, has said that two new liquefied natural gas (LNG) facilities would generate 10,000 job opportunities in Kano. Sylva disclosed this while unveiling two major liquefied natural gas plants, in Kano. The minister declared that the establishment of LNG plants in northern part of country, was…

Major players in the global oil and gas industry have agreed to conscientiously report methane emissions in a move to tackle one of the biggest contributors to global warming. The Oil and Gas Methane Partnership (OGMP) is a Climate and Clean Air Coalition (CCAC) initiative led by the United Nations Environment Programme (UNEP), European Commission…

Obaseki woos investors with power, human capital, others The Nigeria Gas Company (NGC) Limited has pledged to embark on reclamation of its pipeline right of way from those who have already encroached on the land, appealing for cooperation from its host communities. NGC said that it was against the standard practice for individuals to either…

The National Bureau of Statistics (NBS) on Tuesday said the average price for refilling five kilogrammes (5kg) cylinder of Cooking Gas decreased slightly to N1,953.71 in October from N1974.67 in September.

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 Executive Vice Chairman/CEO of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has underscored the centrality of economic diversification and ethical leadership at all levels of government as panacea to the current economic headwinds in Nigeria. Danbatta stated this when he delivered a paper titled: “Ethical Leadership as an Instrument for National Sustainability…

The initiative conceptualises a post-petroleum economy for Nigeria that is related to an energy transition from fossil fuels to renewable energy sources in Nigeria. The groundbreaking research toward a post-petroleum economy was commissioned by the Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) to provide some cost-benefit analysis of oil and gas and the prospects of…

Barring unforeseen circumstances, the newly-licensed Lagos Commodities and Futures Exchange (LCFE), is targeting about 10 million Nigerian youths for empowerment as commodities traders under its proposed capacity building programme. The Exchange plans to leverage its state-of-the-art technology to bring millennials and those in the group of Generation Z to the commodities and futures exchange ecosystem…

Experts has said for Nigeria to benefit from the two billion global wastes, the government must ensure rapid investment in clean and renewable energy, saying the country must begin to think circularly to regain waste as a resource. These thoughts were expressed during the last of four sustainability webinar series by Lafarge Africa, which focused…

Nigeria is gifted with large quantities of solid minerals across virtually every state of the federation. Like oil and gas, solid minerals are essential to the country’s development due to their manifold utility. Thus, state governments have a vital role to play if governance in the mining sector will improve and subsequently have a positive…

The Minister of State Mines and Steel Development, Dr Uchechukwu Ogah, has set up a Joint Technical Committee with the Revenue Mobilization Allocation and Fiscal Commission