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The Nigerian government has approved the request to revoke the licences of six Oil Mining Leases (OMLs) and one oil prospecting lease (OPL), in the onshore, shallow water and deepwater Niger Delta basin. The request was made by the…
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The Federal Government has entered into negotiations with Pan Ocean Oil Corporation to resolve the issues surrounding Oil Mining Lease, OML, 98 in the Niger Delta. The source noted that Pan Ocean had agreed to work with the government…
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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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...As NNPC denies inflating fuel import figures Lagos Chamber of Commerce and Industry, LCCI, has described fuel subsidy which the World Bank said cost Nigeria N731 billion in 2018, as the biggest fiscal burden currently staring the…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday raised the alarm over the fear of a looming fuel scarcity. Its National Vice President, Alhaji Abubakar Maigandi, who spoke with The Nation in Abuja,…
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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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