Industry

The Minister of State for Petroleum Resources Timipreye Sylva says the Petroleum Industry Bill (PIB) is on the verge of being passed. The Petroleum Industry Bill (PIB) is expected to provide a legal framework for the operations of both…
Read More...

The Department of Petroleum Resources (DPR) has said that every molecule of hydrocarbon produced in the country is being accounted for with its sophisticated real time monitoring platform and stories about crude oil and gas theft are…
Read More...

The Department of Petroleum Resources, DPR, Wednesday said that as a revenue collection agency for revenues accruable to government from oil and gas industry operations, it will redouble efforts to surpass its 2020 target. The agency…
Read More...

Dr Mohammed Ibrahim, Chairman, National Gas Expansion Programme (NGEP), says the promotion of gas as replacement fuel will save Nigeria the much-needed foreign exchange expended on importation of refined petroleum products. The News…
Read More...

*NNPC owned & operated Port Harcourt Refinery The rehabilitation and upgrade of the Port Harcourt Refining Company, PHRC, will be concluded in the first quarter of 2023, the management has said. Managing Director of the Port…
Read More...

San Leon Energy, the independent oil and gas production, development and exploration company focused on Nigeria, has conditionally agreed to invest US$7.5 million by way of a loan to Decklar Petroleum, the local subsidiary of Asian Mineral…
Read More...

Oil minister promises attractive fiscal framework for gas in new bill A new version of the executive bill, which is slated to be submitted before National Assembly in the next few weeks, New Telegraph gathered, guarantees attractive…
Read More...

Nigerian conglomerate BUA Group has selected France’s Axens for a multibillion-dollar 200,000 barrel per day (bpd) refinery and petrochemicals plant in Nigeria, the French company said in a statement on Tuesday. Axens, which makes…
Read More...

The Federal Government has disclosed that Nigeria will be a net exporter of petroleum products by 2022 with the five built refineries across the country and the 7 refineries that are currently under construction. The disclosure was made…
Read More...

The Executive arm of government is to transmit to the much-anticipated Petroleum Industry Bill, PIB, to the National Assembly in a couple of weeks, according to Minister of State for Petroleum Resources, Chief Timipre Sylva. Speaking in…
Read More...