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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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Chairman of the governing board of Petroleum Products Pricing Regulatory Agency (PPPRA), Deacon Obinna Atuonwu said the agency would move its focus away from petrol to gas in line with current global realities.Speaking with…
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*CBN must lend support to ‘stranded’ licensees – ExpertsWith the signing of the Petroleum Industry Act (PIA) 2021 by President Muhammadu Buhari on Monday, analysts have called on the government to ensure enabling policies that…
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The Minister of State for Petroleum, Timipre Sylva, has said that increasing the three per cent host communities fund will affect the profit of oil companies and in turn force them to exit the country.Sylva said this during a press…
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By Teddy NwanunobiAbout seven people – a police officer and six others – lost their lives on Monday, during an attack on a gas project site, Lee Engineering Company, in the Assa community in the Ohaji/Egbema Local Government Area…
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By Teddy NwanunobiThe Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has reiterated the Corporation’s commitment to supporting the Nigeria Liquefied Natural Gas (NLNG)…
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The Department of Petroleum Resources (DPR) has cautioned that granting import licence for Liquified Petroleum Gas (LPG), also called cooking gas, will slow down anticipated growth in the gas sector.Director of DPR, Sariki Auwalu,…
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Rivers State Governor, Nyesom Wike has said there may be a lot of crisis if the 3% equity shares contained in the recently signed petroleum industry act is paid directly to the host communities without any government intervention.…
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The road to the planned sale of Royal Dutch Shell’s assets in Nigeria appears clearer now, with Wood McKenzie, a leading global oil and gas consulting firm, putting the total value of Shell Petroleum Develop Company (SPDC), the…
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