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* FG to inject 10m gas cylinders into circulation by end of 2022 The Minister of State, Petroleum, Chief Timipre Sylva, said yesterday that when the Petroleum Industry Act (PIA) fully takes off, it will provide for a 10-year…
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President Muhammadu Buhari has stated that the Nigerian economy is ripe for increased investment, hinting that  private capital flows into Nigeria, consisting mainly of Foreign Direct Investment, have slowed, hindering the financing of…
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By Niyi Onifade The Director General of the Nigerian Maritime Administration and Safety Agency NIMASA, Dr Bashir Jamoh, is set to be honoured by His Excellency, President Muhammadu Buhari with the conferment of the Officer of the…
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The Nigeria Customs Service (NCS), Seme Area Command, says it has seized 75,000 litres of petrol, within bushes along Seme and Badagry, in Lagos. Comptroller Bello Jibo, Customs Area Controller, said this in a statement by Mr…
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Russia is losing its gas war against Europe. That’s what Standard Chartered analysts think, according to a new report from the company, which was sent to Rigzone this week.  “The EU gas market appears well-supplied after six months…
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The President of Petroleum and Natural Gas Workers Association of Nigeria (PENGASSAN), Comrade Festus Osifo, Wednesday, said heads of the Nigerian Military, Police and other security agencies collude to steal crude oil in the Niger…
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The Federal Government is currently discussing with investors on how to power Nigeria’s trains with electricity or gas, following the astronomical hike in the cost of diesel, it was gathered on Tuesday. Partners in the discussion…
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The Hon. Speaker of the Federal House of Representatives, Femi Gbajabiamila says Nigeria can no longer condone the theft of its crude oil. He has therefore tasked those responsible for safeguarding the nation’s crude oil to end the…
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The House of Representatives has directed the Accountant- General of the Federation, Shell Petroleum Development Company (SPDC), Chevron Nigeria Limited, and other stakeholders to furnish it with relevant documents as it began the…
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In accordance with the Petroleum Industry Act of 2021, the Federal Government announced on Monday that the Nigeria Upstream Petroleum Host Community Development Trust Regulations had been formally bulletined. As required by Section…
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