Industry

By Teddy Nwanunobi The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has hailed the favourable court judgement, saying that the ruling has paved way for the Nigerian…
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Leadership of Host Communities of Nigeria (HOSTCOM) in the Niger Delta region have differed on President Muhammadu Buhari’s signing the Petroleum Industry Bill (PIB) into law, especially the allocation of three per cent equity to the…
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Oil giant, Total has commenced name change to TotalEnergies in Nigeria with new focus in gas production in line with its transformation initiative leaning towards cleaner energy. The company said, emphasis will be along gas…
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The Lagos Chamber of Commerce and Industry, LCCI, has called for a clarity on the removal of Petrol subsidy as contained in the Petroleum Industry Act, PIA. According to Dr. Chinyere Almona, Director General, of the Chamber,…
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The Minister of Petroleum, Timpre Sylva has reacted to agitations made by PANDEF on the newly passed Petroleum Industry Bill (PIB) during a live interview with Channels television. Recall that several backlashes were thrown at…
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The NPDC, a subsidiary of the NNPC is set to begin exploration at OML 11 in the Niger Delta, following a legal victory over an International Oil Company, Shell. This followed a ruling of the appeal court that the Nigerian government…
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The Federal Government, on Thursday, said the new Petroleum Industry Act had given it the power to hold the equities of the country’s oil firm in trust for the federation. It stated this in response to concerns raised by state…
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Not too long after Shell suffered major defeat in the court over oil spillage, a set of gunmen have killed a police officer and six of the oil giant’s employees. Royal Dutch Shell Plc’s Nigerian unit recently agreed to pay a local…
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President Muhammadu Buhari on Wednesday said the signing of the Petroleum Industry Bill (PIB) into law marks the end of decades of un­certainty and under-investment in the Nigeria petroleum industry. President Buhari gave reasons…
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The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has lamented the high rate of insecurity in the country, saying that its members were being attacked and kidnapped on daily basis. To this end, the senior…
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