NMDPRA disbursed over N103bn bridging claims to oil marketers from Dec. 2012 to Aug. 2022
September 7, 2022 The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it disbursed a total of 103,037,183,922.91 billion Naira bridging claims to oil marketers between December 2021 and…
We must end petrol subsidy, no viable option – MOMAN
August 26, 2022 The Major Oil Marketers Association of Nigeria (MOMAN) says ending subsidy on Premium Motor Spirit (PMS) is extremely difficult but the Federal Government has no other option…
Oil Mining Leases renewal means significant deep water presence for our company in Nigeria for the next 20 years – ExxonMobil
August 14, 2022 The ExxonMobil Nigeria has expressed commitment to maintain a significant Deepwater presence in Nigeria for the next 20 years to unlock the potential value in its renewed…
FG providing enablers to realise potential in gas sector – Sylva
July 5, 2022 …Says 90% of Nigerians lack access to modern cooking fuels Chief Timipre Sylva, Minister of State for Petroleum Resources, says the Federal Government is providing a lot…
Rising crude oil prices great opportunity for Nigeria – Buhari
Feb. 28, 2022 President Muhammadu Buhari says rising crude oil prices present a great opportunity for Nigeria, especially with the passage of the Petroleum Industry Act (PIA). Buhari said this…
MOMAN says currently seeking consultation on subsidy removal
Jan. 31, 2022 The Major Oil Marketers Association of Nigeria (MOMAN) says it is currently seeking consultation with the Ministry of Petroleum Resources and other industry stakeholders on the suspension…
2022 not a year to embark on new projects but beginning of a winding down period – Sylva
Jan. 28, 2022 The Ministry of Petroleum Resources says that the year 2022 was not a year to embark on new projects, rather the beginning of a winding down period,…
PIA has put “all money-making options on the table for NNPC Ltd” – Kyari
January 16, 2022 As the Federal Government commenced full implementation of the Petroleum Industry Act (PIA), Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele…
Focus on profitability, transparency – Buhari charges NNPC Board
Jan. 7, 2022 President Muhammadu Buhari Friday urged the Board of the newly incorporated Nigerian National Petroleum Company (NNPC) Limited to ensure strict compliance with Corporate Governance principles that place…
We can’t respond to allegations of non-remittance of funds by defunct PEF – NUPRC
Dec. 10, 2021 …Defunct PEF activities not within our operational purview The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the activities of the defunct Petroleum Equalisation Fund (PEF) do not…