Nigerian Association of Petroleum Explorationists
Why Buhari reduced petrol price to N125
President Muhammadu Buhari yesterday approved an immediate reduction in the pump price of premium motor spirit (PMS), otherwise known as petrol, from N145 to N125 per litre.
Sanctity of contracts: Wading through Nigeria’s murky oil sector
The oil and gas sector in Nigeria has been engrossed in legal battles, especially with landmark cases that involved the government through its agencies. From the Malabu oil deal scandal to the $9.6 billion P&ID judgment delivered by a UK court, the issues of contract drafting, negotiations, and adherence to the provisions of agreed terms raise concerns. FEMI ADEKOYA and KINGSLEY JEREMIAH write on why the nation keeps being involved in several litigations that should never exist.
Adesanya: Cost of oil exploration in North must be controlled, transparent
Chief Executive Officer of Degeconek and former President of the Nigerian Association of Petroleum Explorationists (NAPE), Abiodun Adesanya, in this interview with KINGSLEY JEREMIAH, spoke on the implications of ongoing exploration activities in the North, expressed optimism about the prospect of a positive outcome, as well as cautioned on cost management and security. President Muhammadu…
Losses at NNPC hit N551.46b in four years
The Nigerian National Petroleum Corporation (NNPC) recorded loses in the region of N551.46b from January 2015 to December 2018. Details of financial records published on the company’s website revealed that the...
Petroleum explorationists task FG on oil reform bill
President of Nigerian Association of Petroleum Explorationists (NAPE), Dr. Andrew Ejayeriese, has urged the federal government to as a matter of urgency consider the oil reform bill pending before the National Assembly for over 17 years. He lamented that lack of political support has been hindering the growth of the sector, saying government needs to…
Explorationist tasks government on proper gas pricing mechanism
The Federal Government has been urged to set a standard for selling gas in the country to enhance power supply in the country, as the commodity price needs to reflect the real opportunity value of gas development.
What oil industry expects from Buhari’s presidency
THE incoming government of Major General Mohammadu Buhari (rtd) should ensure speedy passage of the Petroleum Industry Bill (PIB), revival of ailing refineries, adoption of zero tolerance on corruption, business friendly electricity tariff and deregulation of the down stream sector of the oil and gas industry.