It is not the best moment at the defunct Department of Petroleum Resources, Petroleum Products Pricing Regulatory Authority and the Petroleum Equalisation Fund as fear, intrigue and tension follow the resumption of new heads ...
In a development akin to a whiff of good fortune in a beleaguered entity, the Nigerian National Petroleum Corporation (NNPC) upturning a 44-year loss-making history with a novel N287b profit has rekindled hope and raised critical questions.....
Despite boasting of a 206 trillion standard cubic feet of gas reserves and topping major countries, Nigeria's per capita consumption of gas is the lowest in the sub-Saharan African region, Ministers of State for Petroleum Resources, Timipre Sylvia has said.
As Shell Petroleum Development Company (SPDC) in Nigeria moves to divest its assets in Nigeria, especially joint venture licenses and interests in 19 Oil Mining Leases...
25 Jun 2020
The Federal Government has said it will continue to enlist the support and collaboration of oil firms and private sector players in the fight against the deadly Coronavirus (COVID-19), and other infectious diseases in the country.
7 Apr 2020
The Oil and Gas Sector largely constitutes the fundamentals of the Nigerian economy, accounting for over 90 per cent of the country’s foreign exchange earnings. Since the discovery of oil in commercial...
24 Mar 2020
The possibilities of having an oil and gas bid round this year appears to be bleak as the coronavirus pandemic continues to affect global economies and foreign investments.
17 Jan 2020
The Federal Government has said that arrangements are being concluded for oil and gas bid round this year. Speaking at a press conference yesterday in Abuja, Minister of State for Petroleum Resources, Timipre Sylvia,
27 Feb 2019
Former Governor of Bayelsa State, Chief Timipre Sylvia, has declared that the protest staged by the Peoples Democratic Party (PDP) to the Independent National Electoral Commission...