The Nigerian President, Muhammadu Buhari, has promised that his administration will undertake appropriate reforms and implement fresh policies to boost national income from oil and gas production. Read more
Some experts in the Nigerian oil and gas industry on Monday called on the leadership of the new National Assembly to review the Petroleum Industry Bill (PIB) passed by the 7th House of Representatives. Read more
President-elect Muhammadu Buhari plans to focus on ending corruption and reforming the Nigerian National Petroleum Corporation (NNPC) before looking into other reforms in the oil sector, it has emerged. Read more
Nigeria has lost a minimum of N8.04 billion since January, to the incessant vandalism of the country’s gas pipelines, according to the Nigerian Gas Company, NGC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC. – See more
The Federal Government has proposed $78 as the benchmark price for a barrel of crude oil and fixed the exchange rate at N160 per dollar for the 2015 national budget. The projection, which was contained in the Medium Term Expenditure Framework and Fiscal Strategy Paper sent to the Senate by President Goodluck Jonathan on Wednesday, […]
The Chairman, Senate Committee on Gas, Senator Nkechi Nwaogu, on Wednesday confirmed that the joint committee currently working on the Petroleum Industry Bill had almost concluded its assignment and would soon present the report for final approval and passage by the upper chamber. Senate President, David Mark, had in Lagos last week assured Nigerians that […]
The Lagos Chamber of Commerce and Industry, LCCI, has urged the Federal Government to relocate the tank farms to reduce the convergence of fuel tankers on the Apapa corridor. Read More
Nigeria is facing its worst oil crisis in years, as the country is losing billions of dollars due to theft. In Southern Ijaw in Bayelsa State, Al Jazeera’s Rawya Rageh follows an oil theft arrest and the destruction of multiple illegal refineries for stolen crude. Read more
The Chief of Naval Staff, Vice Admiral Usman Jibrin, has accused International Oil Companies operating in Nigeria of complicity in the theft of the nation’s crude oil. He also said that the Navy would not pretend about the involvement of the oil companies in crude oil theft. Read more
Minister of Petroleum, Diezani Alison-Madueke and the Nigerian National Petroleum Corporation (NNPC) have been cautioned not to allow themselves to be lured into pursuing extra-judicial advantage in contempt of court in the case involving Brittania-U on the one hand and Chevron Nigeria Ltd as well as Seplat Petroleum Development Company Ltd, on the other. Continue […]