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…Says new oil legislation will enhance development The chairman, Host Communities of Nigeria, Producing Oil and Gas (Hoscon), Dr. Mike Emuh, Tuesday, said, the direct payment of derivation to States denied the host communities of…
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A significant step towards redeeming the pledge by the Nigerian National Petroleum Corporation (NNPC) to intervene in the perennial electric power supply challenge in Maiduguri, Borno State, was taken Tuesday with the execution of the…
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President Muhammadu Buhari has approved a committee to immediately commence the implementation of the Petroleum Industry Act (PIA). The steering committee, which has 12 months duration for the assignment, is headed by the Minister…
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Premium Motor Spirit (PMS) or Petrol is still selling at N165 per litre across the country but there are plans to deregulate the sector and allow market forces to determine the pump price of the product, the Minister of State for…
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The Nigerian oil and pipeline company Aiteo has taken the unusual step of donating 50 brand new gunboats, patrol craft and other vessels to the Nigerian Navy, hoping to tamp down piracy and oil theft in its own backyard.  The…
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The Federal Government on Tuesday insisted that the three per cent host communities fund in the Petroleum Transportation Industry Bill was a fair deal for the Niger Delta people. In an apparent move to quell opposition to the…
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Energy experts have called for the removal of price control structure as well as other measures impeding the growth of the downstream sector of the petroleum industry in Africa. The experts noted that that non-market pricing…
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The Group Managing Director of Nigeria National Petroleum Corporation NNPC, Mele Kyari says the Petroleum Industry Act would help galvanize activities in the oil and gas sector of the country. Kyari made the remark in an interview…
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Consumers are facing a difficult time as the price of Liquefied Petroleum Gas, LPG, otherwise known as cooking gas, has risen by over 33 per cent month-on-month from N360/kg in July to N480/kg in August. Investigations by Energy…
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Despite the signing of the Petroleum Industry Act 2021 into law on Monday, the Federal Government, Tuesday, said fuel subsidy would  still remain, pending the outcome of the current negotiations with labour unions in the country. …
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