The Federal Government says investors must meet seven criteria to access the N250 billion intervention fund for gas value chain businesses.
The Federal Government would engage with oil-producing communities in the Niger Delta over the three per cent equity allocated to them in the recently passed Petroleum Industry Bill (PIB).
The Federal Executive Council (FEC), yesterday approved $15.44 billion for contracts in the Transportation and Petroleum Resources Ministries.
The Federal Executive Council (FEC) has approved the acquisition of 20 per cent minority stakes by the Nigerian National Petroleum Corporation(NNPC) in the Dangote Petroleum and Petro-Chemical Refinery.
The Federal Government said it would optimise the country’s abundant gas resource to achieve the transition to low carbon energy sources.
Minister of State for Petroleum Resources, Timipre Sylva, yesterday in Abuja, insisted that the continent must not continue to wait for Europe, U.S., and other developed countries
With N438.37 billion recorded as subsidy payments for the first six months of 2021, Nigeria’s revenue problems appear not to abate anytime soon as it continues to take a toll on contributions of the Nigerian National Petroleum Corporation....
The Nigerian Association of Petroleum Explorationists (NAPE) has expressed confidence that the future of oil and gas exploration is bright amid the global energy transition.
The Federal Government has announced immediate reduction in domestic base price of natural gas to power plant producers from $2.50 cent to $2.18 cent per standard cubic feet (scuf).
Plans by the Federal Government to end gas flaring through a commercialisation arrangement has remained in limbo as the global price of natural gas witnessed over 60 per cent increase.
The Minister of State Petroleum Resources, Chief Timipre Sylva has stated that Nigeria’s membership of the Organisation of Oil Exporting Countries (OPEC) has provided critical benefits, especially in the last 50 years.
With the new gas price regime expected to kick off on July 1, alongside challenges of currency devaluation and access to foreign exchange for raw materials, local manufacturers have told The Guardian they are contemplating moving...