News

Schneider Electric unveiled new integrated energy solutions for the next generation across multiple market segments at the Innovation Day Lagos 2019 event held on the 10th of October 2019 at Lagos Continental Hotel, VI Lagos. In his…
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The energy sector gender pay gap (GPG) remained ­relatively high last year thanks in part to the ­traditionally male-dominated oil and gas sector – but the changing nature of employment could offer a chance for change. The North Sea…
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The Nigerian National Petroleum Corporation (NNPC) reportedly spent a whopping $396.33 million between 2013 and 2017 – a period of four years, to carryout repair works under the Turn Around Maintenance (TAM) scheme on three of its decrepit…
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A Central Bank of Nigeria’s (CBN) report has said that the Federal Government earned about N16.647 trillion from the petroleum industry, including crude oil and gas sales, royalties, petroleum profit tax, (PPT), and other sources from May…
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The Minister of State for Petroleum, Mr Timipre Sylva, on Thursday assured Nigerians that the Federal Government has no immediate plans to remove fuel subsidy. The minister made this known while fielding questions from legislators at a…
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The sum is the estimate of what the attorney general of the federation, Abubakar Malami, believes the country should have received, from a review of the revenue sharing formula in the Production Sharing Contracts signed with the firms in…
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The Director-General/Chief Executive Officer of National Oil Spill Detection and Response Agency (NOSDRA), Idris Musa, has said proceeds from illegal bunkering might have been used to finance militancy or insurgency. He said such…
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The Federal Executive Council has approved N5.4bn for the construction of oil and gas parks and indoor shooting range for aviation security. The Minister of State for Petroleum, Chief Timipre Sylva, spoke on the oil and gas project…
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Minister of State for Petroleum Resources, Timiprey Sylva, yesterday declared that it is impossible for the Federal Government to recover a total $62 billion from International Oil Companies (IOCs) being revenue lost to oil exploration…
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The Federal Government of Nigeria has issued licences for six modular refineries to commence operations in the country. Senior Special Assistant to the President on Niger Delta Affairs, Mr. Edobor Iyamu, disclosed this in Uyo, on…
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