Industry

By Teddy Nwanunobi About seven people – a police officer and six others – lost their lives on Monday, during an attack on a gas project site, Lee Engineering Company, in the Assa community in the Ohaji/Egbema Local Government Area…
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By Teddy Nwanunobi The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has reiterated the Corporation’s commitment to supporting the Nigeria Liquefied Natural Gas (NLNG)…
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The Department of Petroleum Resources (DPR) has cautioned that granting import licence for Liquified Petroleum Gas (LPG), also called cooking gas, will slow down anticipated growth in the gas sector. Director of DPR, Sariki Auwalu,…
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Rivers State Governor, Nyesom Wike has said there may be a lot of crisis if the 3% equity shares contained in the recently signed petroleum industry act is paid directly to the host communities without any government intervention. …
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The road to the planned sale of Royal Dutch Shell’s assets in Nigeria appears clearer now, with Wood McKenzie, a leading global oil and gas consulting firm, putting the total value of Shell Petroleum Develop Company (SPDC), the…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mele Kyari has said within the next six months the Nigerian owned oil company will cease to exist and a new company that will be known as “a CAMA…
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By Teddy Nwanunobi The Department of Petroleum Resources (DPR) has reiterated that the Minimum Industry Safety Training for Downstream Operations (MISTDO) remains compulsory for all players in the downstream sector of Nigeria's…
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By Teddy Nwanunobi President Muhammadu Buhari has commended members of the National Assembly and stakeholders of the nation's oil and gas industry for "making the Petroleum Industry Bill (PIB) "Act a reality". Buhari, on Monday,…
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By Teddy Nwanunobi Reactions have trailed President Muhammadu Buhari’s signing of the Petroleum Industry Bill (PIB) 2021 into law on Monday. Valuechain reports that the Bill was signed into law by the President 32 days, after the…
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The Federal Government may soon end the fuel subsidy regime with the signing of the Petroleum Industry Bill by the President, Major General Muhammadu Buhari (retd.), on Monday. The PUNCH gathered on Monday that the government’s…
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