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By Teddy Nwanunobi (with agency report) The Department of Petroleum Resources (DPR) has urged Africa to rise to the challenge of harnessing its oil and gas reserves for the development of the continent.“Indeed, for a better and…
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By Teddy NwanunobiThe Department of Petroleum Resources (DPR) rescued Nigeria from a financial crisis in April by remitting funds to the Federation Account Allocation Committee (FAAC), the Minister of State for Petroleum Resources,…
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By Teddy Nwanunobi Half of the Train 7 gas project (50 per cent) would be executed locally, the Nigerian Content Development and Monitoring Board (NCDMB) has said.The project, valued at almost $12 billion, includes the net cost of…
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By Teddy Nwanunobi The Pan Niger Delta Forum (PANDEF) has told the International Oil Companies (IOCs) to emulate the Nigeria Liquefied Natural Gas (NLNG) by relocating their operational headquarters to the Niger Delta.PANDEF, in a…
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By Teddy NwanunobiThe Nigeria LNG Limited (NLNG) and the United States’ Agency for International Development (USAID) have sealed a five-year memorandum of understanding (MoU) to make Bonny Island an operational base, malaria free,…
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By Teddy Nwanunobi The Federal Government has approved and gazetted seven content ministerial regulations, making them subsidiary legislations that can be implemented by the Nigerian Content Development and Monitoring Board (NCDMB).…
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DESPITE pressure, the Federal Government, Friday, said it would not increase the price of Premium Motor Spirit, PMS, in June 2021 in order not to disrupt ongoing engagement with labour.The Nigeria Governors’ Forum, NGF, had in their…
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Two persons were on Friday morning injured as another gas explosion occurred at Onikoko area of Abeokuta, the Ogun State.According to vanguard report an industrial gas belonging to a construction company kept in its garage exploded…
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The Chairman of Seplat Petroleum Development Company Plc, Dr. ABC Orjiako, yesterday assured shareholders and other stakeholders of better future performance, saying the company’s $318 million for 2020 full year remained strong and was…
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OUTRAGE yesterday greeted Wednesday’s recommendation by the Nigerian Governors’ Forum, NGF, that the pump price of petrol be N385 per litre.The governors had in their last virtual meeting on Wednesday night, made case for full…
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