Industry

“We ve seen some kind of opportunities as far as the law (PIA) is concerned" The Group Executive Director, Gas and Power, Nigerian National Petroleum Company Ltd, Mr AbdulKabir Ahmed, has said implementation of the Petroleum…
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"That is too ambitious. $200 is too ambitious. $100 looks like it, I don't see a situation of $100 plus in the short term" The Nigerian National Petroleum Corporation (NNPC) yesterday signed a five-year agreement worth $1.04 billion…
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As the Petroleum Industry Act (PIA) undergoes gradual implementation, stakeholders in the oil and gas sector have stated that the fiscal environment and decades of poor investment in the sector might undermine the prospects of the…
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"Irabor assured Komolafe of the support of the armed forces in the fight against oil thieves" The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has urged the Nigerian Army to intensify the fight against crude oil theft…
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By YANGE IKYAA The Nigerian government has been advised by TotalEnergies to accelerate the implementation of the Petroleum Industry Act (PIA), stating further that the window for investments into fossil fuels is narrowing. The…
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By YANGE IKYAA Royal Dutch Shell has said it plans to relocate its headquarters from the Netherlands to the UK as part of new strategies to simplify its business structure. The company’s shareholders will vote to decide on…
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The Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said that Nigeria will ramp up oil production to 1.8 million barrels per day by the end of 2021. The CEO said this on Tuesday while…
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By YANGE IKYAA Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian and London stock exchanges, has identified its gas development programmes as a major boost for Nigeria’s energy transition…
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Nembe Creek trunk This November makes it exactly one year since Aiteo Eastern Exploration and Production Limited, operator of Oil Mining License, OML 29 was forcefully ejected from its Nembe field by the host community in Bayelsa state.…
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Experts in the oil and gas sector say crude oil theft is a huge threat to actualising the objectives of the Petroleum Industry Act (PIA) which aims to attract more investments to the sector. The experts urged the Federal Government…
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