Government woos investors to gas sector to boost domestic utilisation
The Federal Government in line with its aspiration to deepen gas utilisation in Nigeria, has urged investors to harness investment opportunities in the entire gas value chain before it reaches a saturation stage.
NLC debunks Sylva’s claim on oil sector deregulation
Minister of State for Petroleum Resources, Timipre Sylva, has faulted the walk out staged by the Nigeria Labour Congress (NLC) negotiation team on the government team over refusal of Minister of Labour and Employment, Dr. Chris Ngige....
Fuel price adjustments: How deregulation without competition undermines downstream sector
The latest adjustment to the pump price of Premium Motor Spirit (PMS) better known as petrol, has raised more questions than answers, as well as concerns about government’s sincerity regarding the deregulation...
FG’s earnings reduce by 60%, amidst low oil prices, poor FIRS receipts, says Sylva
Minister of State for Petroleum Resources, Mr Timipre Sylva, says Federal Government’s earnings, from oil and non-oil sectors coupled with low revenue receipts from the Federal Inland Revenue Service (FIRS), have dropped by 60 per cent, putting the nation’s economy under serious pressure.
Nigeria’s fragile fiscal regime may stall $24bn oil, gas projects
With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired by uncertainty, the African Energy Chamber (AEC), has said Nigeria and other African countries...
NNPC, stakeholders target gas revolution in South East
The Nigerian National Petroleum Corporation (NNPC), Gas Aggregation Company of Nigeria (GACN) and oil and gas stakeholders have revealed plans to harness gas resources to the advantage of the South East.
FG, governors, stakeholders move to boost South East’s manufacturing sector
Minister of State for Petroleum Resources, Chief Timipre Sylva, and the five southeast governors are expected to be part of a stakeholders’ forum to discuss the possibility of boosting the manufacturing and trade sectors in the South East through gas utilisation. The event expected to be hosted by Governor Hope Uzodimma of Imo State in…
We’ll expand economy through gas utilisation
Minister of State for Petroleum Resources, Timipre Sylva, has hinted that government intends to expand the country’s economy through effective gas utilization, saying the planned investment of $6 billion in the economy by Indorama group would help create jobs and boost the economy.
DPR reveals strategies for deregulated oil, gas downstream sector
The Department of Petroleum Resources (DPR), has revealed plans to address emerging challenges in the downstream sector of Nigeria’s petroleum sector, as the country transits to a private sector-led industry.
FG to leverage gas utilisation for flare reduction, petrol divestment
With Nigeria flaring 321.29 billion cubic feet (bcf) of gas, about 11 percent of gas produced, the Federal Government has said its agenda under the National Gas Expansion Programme (NGEP), will reduce flaring and aid divestment from use of dirty fuels like petrol and diesel. According to the Minister of State for Petroleum Resources, Timipre…