News

Nigeria has postponed its long-awaited Petroleum Industry Bill (PIB) due to the COVID-19 pandemic but will pass it before the end of the year, the head of state oil company NNPC said on Wednesday. The government was aiming to pass the…
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The Nigerian National Petroleum Corporation (NNPC) has published audited financial statements online in a bid to improve transparency around its operations. Bloomberg reported that the corporation has been criticised for years of…
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Apex group of stakeholders in Nigeria’s gas sector, the Nigerian Gas Association (NGA), has bemoaned the worsening debts profile of power sector in gas-to-power value chain, stating that this is already taking a toll on the industry’s…
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The World Bank and the Extractive Industries Transparency Initiative (EITI), the global standard for the promotion of openness in the oil, gas and mineral resources management, have disclosed that Nigeria has so far recovered about N1.2…
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The Department of Petroleum Resources, DPR has extended the deadline for registration to bid for Nigeria’s marginal oilfields. A report by Reuters on Thursday said registration which was earlier slated to end on June 14 has been…
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Nigeria’s crude oil reserve has hit 36.89 billion barrels while its natural gas reserve is 203.16 trillion cubic feet, placing the country among the top 10 countries with largest gas reserves in the world, according to the Nigerian…
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In continuation of the nationwide Oil & Gas Industry intervention Initiative on COVID19, th Group Managing Director, GMD of the NNPC, Mallam Mele Kolo Kyari was earlier today in Delta State, where he led the Industry Initiative to…
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Nigeria’s oil sector regulator, Department of Petroleum Resources (DPR) has released strategic plan and policy for the survival and success of the industry post COVID-19. Director/CEO of the agency, Engr. Sarki Auwalu, who made this…
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Nigeria to comply with OPEC output cut quota by July The Nigerian National Petroleum Corporation (NNPC) has set a July deadline to end its crude sales discount regime. NNPC Group Managing Director, Mallam Mele Kyari, in an interview…
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The federal government yesterday commissioned the operation of Dukia Gold and Precious Metals Project (DGPMP) that would enable Nigeria to mine her gold reserves properly, trade responsibly and refine locally. The Vice President, Prof.…
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