PMS: FG to retain pump price in June, says not in a hurry to reflect current market realities
May 21, 2021 There will be no increase in the price of Premium Motor Spirit, also known as petrol, in the month of June, the Federal Government has assured Nigerians….
Shell in talks with Nigeria to divest onshore oil stakes
May 19, 2021 Royal Dutch Shell is in talks with the Nigerian government to sell the Anglo-Dutch company’s stake in onshore oilfields, CEO Ben van Beurden said on Tuesday. Shell,…
NNPC can no longer bear the monumental cost of N120bn Monthly Petrol subsidy –Â GMDÂ
The Nigerian National Petroleum Corporation (NNPC) says it pays N120 billion every month to subsidise Premium Motor Spirit (PMS), also known as petrol. NNPC Group General Manager (GMD), Mele Kyari,…
Reps to probe $1.5bn Port Harcourt refinery rehabilitation cost, carry out audit of funds previously spent
The House of Representatives has mandated its committee on Petroleum Resources Downstream to organise an investigative hearing to ascertain the true state of the Port Harcourt refinery which the Federal…
$1.5bn refinery rehabilitation: Nigerians should hold me, Govt accountable for every dollar spent – Sylva
The Minister of State for Petroleum Resources, Timipre Sylva, has promised to ensure that every dollar and cent of the $1.5 billion proposed for the rehabilitation of the Port Harcourt…
Port Harcourt Refinery will work within 18 months, funding not going to be all debts  – FG
The Federal Government has reiterated its commitment to completing the rehabilitation of the Port Harcourt Refinery, saying it would be functional within 18 months. “Port Harcourt Refinery will work, and…
How to turn artisanal, modular refinery operators into strategic partners in the oil-producing areas – Osinbajo
The integration of artisanal and modular refinery operators into mainstream oil and gas sector promotes the inclusion of more local content in the industry and advance the use of home-grown…
FG, Morocco sign 5 MoUs to foster cooperation on Hydrocarbons, Agriculture, Commerce
The Federal Government and the Kingdom of Morocco on Tuesday signed five Memoranda of Understanding (MoU) that would foster Nigerian-Morocco bilateral collaboration. Mr. Naboth Onyesoh, Manager, Corporate Communications, Nigerian Content…
Passage of PIB’ll unlock several midstream gas opportunities, enhance domestic gas utilisation – Sylva
Chief Timipre Sylva, Minister of State for Petroleum Resources, says the passage of the Petroleum Industry Bill (PIB) will unlock several midstream gas opportunities and enhance domestic gas utilisation. Sylva…
Nigeria, Equatorial Guinea sign MoU to consolidate new opportunities for hydrocarbons sectorÂ
Minister of Petroleum Resources, Timipre Sylva met with Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea at the presidential palace in Malabo to strengthen bilateral relations…