Industry

By Teddy Nwanunobi The Minister of State for Petroleum, Chief Timipre Sylva, has expressed confidence that Nigeria’s economy will change for the better when the new Petroleum Industry Bill (PIB) is passed. Sylva, who made the…
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…Sylva says FG committed to deregulation The Director of the Department of Petroleum Resources, Engr. Sarki Auwalu has disclosed that the department generated N2 trillion for the country in 2020, despite the downturn in the oil and gas…
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The House of Representatives have urged the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) to immediately commence operation of the Warri Refining and Petrochemical Company to improve on the production…
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The Federal Executive Council on Wednesday approved the plan by the Ministry of Petroleum Resources to rehabilitate the Port Harcourt Refinery with $1.5bn. The decision was taken at the weekly meeting of the council presided over by…
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In order to make its oil sector more competitive and gain significant long-term influence in the global gas market, Egypt intends to strengthen its local production capacity for refined products. According to a press release, Egyptian…
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The Oloibiri Lecture Series & Energy Forum (OLEF) makes a comeback for the 2021 edition after the last-minute suspension of the 2020 edition due to the COVID-19 pandemic with the Minister of State for Petroleum Resources, Timipre Sylva…
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From an undesirable position of importing LPG (cooking gas) cylinders, Nigeria is on course to become the world’s largest manufacturer of composite cylinders with the groundbreaking of Rungas ALFA plant performed on Friday by the Minister…
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Persistent policy advocacy mounted by investors in the Nigerian petroleum industry may have started earning the conviction of key government agencies on the need for adequate rewards for investments in the industry. The Nigerian…
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...Achieves first gas to Rite Foods factory Axxela Limited via its subsidiary Transit Gas Nigeria Limited (TGNL), and in partnership with the Nigerian Gas Marketing Company Limited (NGMC) a subsidiary of the Nigerian National Petroleum…
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-By Teddy Nwanunobi The Federal Government has requested from the 161 companies shortlisted as bid winners of the 57 marginal fields on offer in the country’s second marginal field bid round for the signature bonus. It added that it…
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