Sylva hails UTM offshore, partners on agreement for Nigeria’s first FLNG facility
November 17, 2022 The Federal Government has applauded the UTM Offshore Limited and its technical partners on agreements for the commencement of Front End Engineering Design (FEED) for Nigeria’s first…
Subsidy regime has led to increase in budget deficit, caused borrowing setbacks to the economy -IPMAN
Nov. 14, 2022 The Independent Petroleum Marketers Association of Nigeria (IPMAN), says subsidy on Premium Motor Spirit, popularly known as petrol, is no longer sustainable. Mr. Mike Osatuyi, the National…
Oil marketers urge NIMASA, NPA to adopt Naira transactions in ports
November 14, 2022 The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to obey Federal Government’s directive…
DAPPMAN decries absence of level-playing field that guarantees access to dollars at official rates
Nov. 8, 2022 The Depots, and Petroleum Products Marketers Association of Nigeria (DAPPMAN), says accessing foreign exchange at official rate was a serious challenge to marketers. Mrs. Winifred Akpani, DAPPMAN’s…
Shell investigates in Nigeria after report of nine-year oil theft
October 13, 2022 Oil major Shell’s Nigerian subsidiary is investigating reports that an illegal oil tap ran for nine years on a pipeline it operates, a spokesperson said on Wednesday….
$10.7bn EGTL: Reps committee queries cost of project
October 5, 2022 An ad hoc committee of the House of Representatives on Tuesday queried the implementation of the Escravos gas-to-liquids (EGTL) Gas Project. The committee said the project which…
Nigeria squanders oil price bonanza as gasoline subsidies soar
September 29, 2022 Nigeria has failed to capitalize on an oil price boom that has helped shield other exporters from the effects of inflation, and millions more Nigerians are now…
Nigeria’s Fuel Subsidies Surpassed $1B in Aug
September 26, 2022 The cost of Nigeria’s fuel subsidies rose to 525.714 billion naira ($1.22 billion) in August, bringing the total spent this year to 2.568 trillion naira, according to…
WHY PRIVATE SECTOR PARTICIPATION IS CRUCIAL IN NIGERIA’S ENERGY TRANSITION PLAN – OSINBAJO
September 23, 2022 …Adds Solar space in Nigeria “becoming one of the most exciting in the world” More private sector participation in Nigeria’ transition to green energy is crucial as…
NPDC Well: Efforts ongoing to prevent further gas leak – NUPRC
September 21, 2022 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says efforts are ongoing to prevent further gas leakage on the Nigerian Petroleum Development Company’s (NPDC) Well 6 in Sangama…