FG re-affirms commitment to deepening LPG penetration, consumption
The Minister of State for Petroleum Resources, Timipre Sylva, has reiterated the Federal Government’s commitment to deepen Liquefied Petroleum Gas...
Bayelsa lawmaker lauds Buhari, Sylva over Oloibiri museum
Fred Obua, representing Ogbia Federal Constituency in the House of Representatives, has commended President Muhammadu Buhari for approving the construction of the Oloibiri Oil and Gas Museum and Research Centre, 64 years after the discovery of crude oil
FG moves to mitigate COVID-19 impact on oil sector
The Federal Government is to adopt industry-wide cost containment measure and aggressive capital allocation to key projects as part of efforts to mitigate the impact of the COVID-19 pandemic on the oil and gas sector.
Nigerians pay N47.6b in four months for petrol ‘subsidy’
Government, in March this year, announced total deregulation of petrol across the country, but Nigerians still pay average of N11.9 billion every month to ensure the uniform price of fuel across the country.
N10b investment to reduce petrol import, create 1,500 jobs
Nigerian Content Development and Monitoring Board (NCDMB), and some private investors may reduce unemployment in Nigeria by 1,500, and limit the importation of Premium Motor Spirit
‘Why gas pricing is critical to power sector growth’
The growth of the power sector may remain elusive, if the Federal Government fails to address the challenges facing gas pricing in Nigeria, the power distribution companies have said.
Revving up gas utilisation capacity in Nigeria
Presently, the Nigerian economy needs huge capital through foreign direct investment from foreigners or Nigerians in diaspora into critical sectors or industries.
Producers hopeful of $50 oil price, business sustainability from cuts
Although OPEC+ agreed at the weekend to extend 9.7million barrels cuts in daily crude oil production through the end of July, lending oil prices some support, operators in the exploration industry are hopeful that the cuts ....