News

Worried by the consistent flouting of enabling legislation aimed at curbing gas flaring, stakeholders in the oil and gas sector have called for strict enforcement of the recently enacted Flared Gas ( Prevention and Waste) Regulation, 2018.…
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Petrocam Nigeria Limited has said it would build a refinery in-country only when the Federal Government fully deregulates the downstream subsector of the oil industry. The Chief Executive officer of the firm, Mr. Patrick Ilo, stated…
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Petroleum Minister, Dr. Ibe Kachikwu has challenged crude oil exploration and production companies operating within Nigeria to seek to raise output from the current 2.1m barrels a day to a whopping 7 million barrels within the foreseeable…
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The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said on Thursday that the Federal Government was working assiduously to ensure installation of gas filling plants in each of the 774 Local Government Areas in the country. …
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*Hints on signing PGIB in June The Minister of States for Petroleum Resources, Ibe Kachikwu, has dispelled reports that the federal government is willing to sell off its stake in the refineries, including the Nigerian National…
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Nigeria is in the process of building the world’s biggest oil refinery. Many locals hope it will contribute to alleviating poverty in the country. Aliko Dangote’s idea is to produce 650,000 barrels of oil a day and refine it in Nigeria to…
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With only 18 per cent of total gas produced utilised locally, the Federal Government has advocated increase in volume made available for power generation and utilisation in industrial firms, especially as almost half of the domestic volume…
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A World Bank report called the “Nigeria Biannual Economic Update” for 2018, which was released on Monday and obtained by THISDAY yesterday in Abuja disclosed that Nigeria spent N731 billion to subsidise petrol consumption in the year under…
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The Petroleum Technology Association of Nigeria (PETAN) has urged Nigerians in the oil and gas industry to build capacity in order to take full advantage of the growing opportunities in the sector. PETAN, an association of Nigerian…
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Africa’s oil producers will be looking up to Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, to help them attract as much as $1 billion they intend to invest in building energy infrastructure across the continent, a…
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