NNPC loses N546b to failure of reforms in three years
Failure by the President Muhammadu Buhari-led administration to reform the oil and gas sector has pushed the Nigerian National Petroleum Corporation (NNPC)’s revenue loss to over N546 billion.
Kachikwu seeks approval of FDP to attract investments in oil, gas
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has urged the Federal Government to act quickly to evaluate and approve Field Development Proposals (FDPs).
Again, stakeholders warn FG, oil firms on crisis in Ogoni
The Federal Government could ignite a crisis, if its planned resumption of oil exploration in Ogoniland goes ahead without the resolution of key issues.The warning by stakeholders in the Niger Delta is coming on the heels of last weekend’s meeting between the leadership of the Movement for the Survival of the Ogoni People...
Kachikwu endorses joint approval desk for oil industry projects
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian National Petroleum Corporation (NNPC) will have a joint approval desk for projects in the oil sector, the Minister of Petroleum Resources, Ibe Kachikwu, has said.
Kachikwu challenges South South governors on region’s development
Minister of State for Petroleum Resources, Ibe Kachikwu, yesterday told governors of the South-South region that the only way to their economic freedom and over independence on the center for monthly allocation is to develop the region. The minister, who spoke yesterday, at Emeyal, Ogbia Local Government Area of Bayelsa State, during the groundbreaking ceremony…
Kachikwu, Olorunsola bag NAEE fellowship award
The Minister of State Petroleum for Petroleum, Dr Ibe Kachikwu, former director, Department of Petroleum Resources (DPR), Olsten Olorunsola and Executive Secretary of Petroleum Technology Development Fund (PTDF), Dr Aliyu Gusau have bagged the Nigerian Association of Energy Economics (NAEE) distinguished fellowship award.
Kachikwu named among 100 most influential Africans in 2017
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has been named among 100 Most Influential Africans of 2017 by a London-based magazine, the `New African’.
Kachikwu clarifies statement on N1.4tr subsidy
Minister of State for Petroleum Resources, Ibe Kachikwu, yesterday said the Nigerian National Petroleum Corporation (NNPC) was in the best position to give appropriate figures on import of Premium Motor Spirit (PMS) otherwise called petrol. Reacting to report, in which he (Kachikwu) was quoted as saying that the country currently incurs over N1.4 trillion…
Petrol subsidy hits N1.4 trillion, says Kachikwu
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that subsidy on Premium Motor Spirit (PMS), otherwise known as petrol, currently stands at N1.4 trillion.
OPEC celebrates Nigeria’s oil industry in new bulletin
The Organisation of Petroleum Exporting Countries (OPEC) has dedicated the March edition of OPEC bulletin to celebrate Nigeria’s oil and gas sector.