Industry

Nigerian oil Industry leaders are reacting to agitations that 3% of Operating Expenses (OPEX) of companies licenced to operate on any hydrocarbon acreage be paid into a Host Community Trust Fund for…
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-By Daniel Adugbo Nigeria remains the pivot of West Africa’s oil & gas and maritime activities, owing to the country’s strategic location in the gulf of Guinea. Blessed with vast inland waterways, resource estimated at nearly…
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-By Fred Ojiegbe It has been established that oil companies in Nigeria have not been complying with oil spill regulations, data obtained from the National Oil Spill Detection and Response Agency (NOSDRA), the Federal Government oil…
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-By Teddy Nwanunobi The local content initiative is capable of lifting several millions of Africans out of extreme poverty, boost the incomes of several other millions who live on less than $5.50 a day, increase Africa’s exports,…
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*As NNPC allegedly seeks $1bn to continue work By Teddy Nwanunobi There are indications that the Chinese are frustrating Nigeria’s aspirations to boost the domestic utilisation of its gas. Valuechain reports that Nigeria, on June…
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The Nigerian Association of Road Transport Owners (NARTO) has cautioned the Federal Government and National Assembly not to use the Petroleum Industry Bill (PIB) to pave the way for Dangote Petroleum Refinery to monopolise importation of…
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The House of Representatives has stepped down the laying and consideration of the conference committee on the Petroleum Industry Bill (PIB) after a rowdy session over reduction in the 5 per cent earlier passed for host communities by the…
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By Teddy Nwanunobi The European Union policymakers have unveiled an ambitious plan to tackle climate change, as their proposal aims to reduce greenhouse gas emissions by 55 per cent, from 1990 levels by 2030 – a step towards ‘net zero’…
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The National Assembly (NASS) was thrown into commotion on Thursday as the House of Representatives was forced into a closed door session over considerations of the Petroleum Industry Bill (PIB). TheNewsGuru.com (TNG) reports the Senate…
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Mr. Abdulrazaq Isa, a general manager with Waltersmith Petroman Oil Limited, has been confirmed as the new chairman of the Independent Petroleum Producers Group (IPPG) with effect from June 29, 2021. He succeeds Mr. Ademola…
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