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The Minister of State for Petroleum Resources Timipreye Sylva says the Petroleum Industry Bill (PIB) is on the verge of being passed. The Petroleum Industry Bill (PIB) is expected to provide a legal framework for the operations of both…
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- Labour unions in the country are planning to go on strike over the recent increase in the price of petrol - The NLC and the TUC are reportedly consulting towards the planned strike - Ayuba Wabba, the president of the NLC…
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Nigerian National Petroleum Corporation (NNPC) has launched a tender for the purchase of Nigerian crudes. The tender requires bidders to register by September 16 at noon. This first stage requires companies to declare an interest in the…
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A groundswell of support among Petroleum Industry players and stakeholders is building around the bold decision by the Federal Government to abolish the subsidy regime and enthrone a downstream deregulation era leading to the prevailing…
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The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company (NPDC). This was contained in a release…
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Petrol stations in Lagos state have commenced sale of Premium Motor Spirit, PMS popularly referred to as petrol at N162 per litre. The development was seen after SweetcrudeReports noticed that some stations at Festac Twon, Ago, Isolo…
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The Department of Petroleum Resources (DPR) has said that every molecule of hydrocarbon produced in the country is being accounted for with its sophisticated real time monitoring platform and stories about crude oil and gas theft are…
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…PPPRA and PEF to be merged if PIB is passed -By Our Special Correspondent The Federal Government has said more than a trillion Naira will be saved this year going by its decision to withdraw PMS subsidy. This was revealed by…
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The Department of Petroleum Resources, DPR, Wednesday said that as a revenue collection agency for revenues accruable to government from oil and gas industry operations, it will redouble efforts to surpass its 2020 target. The agency…
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The minority caucus in the House of Representatives has condemned the increase in the pump price of Premium Motor Spirit (petrol) from N148 to N151.56k per litre. The Petroleum Product Marketing Company, on Wednesday, announced that the…
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