Industry

The Minister of State for Petroleum Resources, Timipre Sylva, yesterday, commissioned two Liquefied Natural Gas (LNG) plants in Kano State. Sylva said the gas plants, being a success of the Federal Government’s gas programme, will…
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The Federal Government says it will leverage the opportunities provided by the African Continental Free Trade Area Agreement (AfCFTA) to reposition the oil and gas sector. The government said this action would transform the country into…
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The federal government is considering new oilfield licensing rounds next year, especially in the deep and ultra-deep waters of the Niger Delta, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele…
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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has lauded the roles played by service companies in the provision of goods and services for the sustenance and growth of the…
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Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the region’s total growth. Nigeria is likely to add 1.5 million barrels per day (mmbd) of refinery capacity by 2024, says GlobalData, a…
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The Federal Government has been urged to ensure full participation of oil host communities, on discussion towards the planned resumption of oil exploration activities in Ogoniland. Recall that since they year 1993, as a result of…
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Shell’s former international upstream head Malcolm Brinded had no reason to think that the awarding of the OPL-245 oilfield license in Nigeria was illegal, his lawyer said on Wednesday. In a court hearing in Milan, Marco Calleri said…
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The Minister of State for Petroleum Resources, Mr. Timipre Sylva has said that Nigeria’s long-awaited Petroleum Industry Bill (PIB) will include low tax provisions to sustain stable investments in the country’s oil sector. Sylva equally…
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The Covid-19 pandemic and other economic challenges did not distract the petroleum resources ministry from its reform agenda When President Muhammadu Buhari appointed Timipre Sylva, a former governor of Bayelsa State, as Minister of…
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The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition – unless exploration speeds up significantly and…
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