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Crude oil prices have dropped for the sixth consecutive day — longest losing streak since February 2020 — amid spike in fresh COVID-19 cases globally. Brent, the global oil benchmark, fell by 2.14 percent to $66.09, on Thursday…
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…Says Funds Will Be Project Based, Not Sharing Money For Indigenes …Reveals IOCs Owing NDDC Over N4bn Minister of Niger Delta Affairs, Godswill Akpabio has said to avoid any crisis that may arise in the implementation of the…
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…says it will also attract huge foreign investment into the sector, strengthen cost recovery The Petroleum Industry Act (PIA) just accented to by President Muhammadu Buhari will transform the nation’s petroleum industry into a hub…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva has assured that no job will be lost in the nation’s petroleum sector following the signing of the Petroleum Industry Bill into law. President Muhammadu Buhari had…
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President of the Senate, Ahmad Lawan, has joined issues with those kicking against the assent given the Petroleum Industry Bill by President Muhammadu Buhari. The PIB transformed into the Petroleum Industry Act on Monday when…
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A group of Niger Delta Ex-Agitators, Niger Delta Freedom Fighters (NDFF), has commended the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, and the Chief Operating Officer Upstream,…
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…says no sack of oil workers …to finalize implementation in 12 months The Federal Government has concluded plans to unveil roadmap for removal of subsidy completely  on Premium Motor Spirit (PMS)  during the implementation…
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The passage of Petroleum Industry Bill (PIB) into law, did not impact positively on the Oil & Gas index on the Nigerian Exchange (NGX) Limited as it remained dormant, declining by 0.42 per cent in two days. On August 16, 2021,…
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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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