PPPRA begins monitoring of petrol marketers
Any petroleum marketer that indulges in product diversion, under-dispensing or any other sharp practice will have the licence revoked, the Petroleum Products Pricing Regulatory Agency (PPPRA) has warned.
Government issues conflicting reasons for fuel shortage
Nigerians wishing a quick end to the scarcity of fuel across the country may have more days to wait going by the explanation offered by Minister of State...
FG moves to restore peace in Imo oil communities
Worried by the increasing menace of violence in the oil bearing communities in Oguta, and Ohaji/ Egbema Local Councils, the Federal Government has intervened with a view to restoring peace among the contending parties.
‘One million barrels daily capacity deepwater projects need funding’
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said about three or four deepwater projects with capacity to add 750,000 barrels to one million barrels to Nigeria’s daily production need funding.
National Assembly defers passage of PIB to first quarter of 2018
Chairman of the Senate Committee on Upstream, Tayo Alasoadura, who spoke at the on-going 7th Practical Nigeria Content organised by the Nigeria Content and Development Monitoring Board (NCDMB) in Uyo...
Crude oil prices hit two-year high
Crude oil prices yesterday hit the highest in two years as Organisation of the Petroleum Exporting Countries (OPEC) experienced highest-ever conformity with voluntary production adjustment.
Thoughts on the Baru-Kachikwu war
I believe that every right implies a responsibility; every opportunity, an obligation, every possession, a duty” - Nelson Rockefeller. I am not a historian but I wish I were. But my knowledge of history as it concerns Ibe Kachikwu is not faint.
A closet of new corruption
The major reason many Nigerians staked their fortune with the All Progressives Congress before and during the 2015 general elections was because the party promised...
26 firms signify interest in revamping Nigeria’s refineries
About 26 firms have indicated interest to participate in the revamping of Nigeria’s four refineries, which will require investment of about $2billion (N720billion) according to the Minister of States for Petroleum Resources, Dr. Ibe kachikwu.