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The Nigeria Government has failed to make oil revenue savings into the Excess Crude Account (ECA) despite increase in global oil price. Conversely, withdrawals have been made from the account, which saw it being depleted by $11.56…
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By Teddy Nwanunobi The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), HE Mohammad Sanusi Barkindo, on Monday, began his mission to the Republic of the Congo by holding a bilateral meeting with…
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Total has said its global name change to TotalEnergies was informed by a climate change at a summit held in Paris, France in 2016. Executive General Manager, Total Country Services, Mrs. Bunmi Popoola-Mordi, stated this at the…
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Nine days to the assumption of office of Philip Mshelbila as Managing Director, there is uneasy calm in the Nigeria Liquefied Natural Gas, NLNG, over concession given to International Oil Companies, IOCs, lifters above others. …
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…says there must be a mechanism for accountability, stability Former Senate Leader, Senator Victor Ndoma Egba, SAN has asserted that the people of the Niger Delta region must stay focused on how to judiciously use the 3% they have…
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…marking OPEC’s first historic state visit to a regional oil giant With a view to driving growth and development in the energy sector, the Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), His…
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In line with the promise of  President Muhammadu Buhari to ensure an efficient oil and gas sector for economic development in Nigeria, the president not only assented to the Petroleum Industry Bill (PIB) but has approved a steering…
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Following the enactment of the Petroleum Industry Act (PIA), the Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu has said that the ongoing Federal Government’s negotiation with Labour…
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-Gimba Kakanda's view The signing of the Petroleum Industry Bill into law by President Muhammadu Buhari last Monday set in motion a misguided outrage in some quarters over the status of the Nigerian National Petroleum Corporation,…
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Ndudi Elumelu, minority leader of the house of representatives, says the Petroleum Industry Act (PIA) contains “robust legal instruments” that can transform the oil industry in the country. Elumelu said the minority caucus in the…
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