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The committee’s report formed the basis of the first Petroleum Industry Bill eight years later. It was submitted to the National Assembly but not passed. Nor was it passed under the next President, Goodluck Jonathan. President…
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The amount spent on the importation of Premium Motor Spirit (petrol) in the first half of this year jumped to N1.47tn, which is more than 73 per cent of what was incurred in the whole of last year.The N1.47tn is about 86 per cent…
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The Minister of Transportation, Rotimi Amaechi, said the Federal Government will start work on the proposed Bonny deep seaport soon.Amaechi, in a statement by the Director of Press and Public Relations, Ministry of Transport, Eric…
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The Organisation of Petroleum Exporting Countries, OPEC, Non-OPEC members, Monday, canvassed support, targeted at tackling climate change in developing nations.This was one of the resolutions taken at the first Ministerial…
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President and Chief Executive of the Dangote Group of Industries, Aliko Dangote has revealed plans to increase the human capacity at Dangote Refinery Project site from 40,000 to 57,000 personnel in the coming months.According to…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva has called for the establishment of an Africa energy bank to help boost investments in the oil and gas sector in the continent.In an address during the visit of the…
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The export component of Nigeria’s trade with its partners was valued at N5,079.44 trillion or 42.22%, the import was valued at N6,950.21 trillion or 57.78% while the trade balance stood at a deficit of N1,870.77 trillion, showing that…
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Despite having announced an end to petrol subsidy payment in March last year, data gathered from state oil company, NNPC, showed that subsidy payment by the Federal Government rose by a whopping N150 billion in seven months.…
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Governor of Delta State, Dr. Ifeanyi Okowa, has described the phase one of infrastructure projects donated to the Nigerian Maritime University in Okerenkoko, Delta State by The Shell Petroleum Deveopment Company of Nigeria Limited…
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The Society of Petroleum Engineers (SPE) Abuja Section, in keeping with its aims and objectives, has expanded its scope reaching out to kids with a view to encouraging lifelong learning among all ages. This is in partnership with…
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