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The Federal Government has re-introduced a revised version of the Petroleum Industry Bill (PIB) which lawmakers are expected to pass into law before the end of the year, but unlike in previous versions, the input of oil sector operators…
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President Muhammadu Buhari, Thursday charged the Nigerian Content Development and Monitoring Board (NCDMB) to achieve 70 per cent local content in Nigeria’s oil and gas industry by 2027. Buhari, who was represented by the Minister of…
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The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has made it known that maritime agencies across the country are looking at the workability of 24-hour port services to curtail…
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*As NNPC to employ private company security outfit on pipelines Private companies are currently bidding to operate the country’s four refineries on behalf of the Nigerian National Petroleum Corporation, NNPC, SweetcrudeReports has…
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Siemens AG’s overhaul of Nigeria’s electricity grid is attracting interest from private companies seeking to invest in power production, the head of the German company’s local unit said. Siemens signed a contract with the government…
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Lagos State government is seeking partnerships that will deliver the local production of between 600,000 and 1 million electricity meters to meet the needs of citizens and address challenges associated with estimated billing. Olalere…
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Nigeria can generate over $1billion yearly from gas resources if stakeholders do the right things. Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Elias Mbam in a statement in Abuja on Wednesday said: “With…
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President Muhammadu Buhari today commissioned the 10MW power plant built by Eni Companies in Nigeria and its partners, in Yenagoa, Bayelsa State, alongside a 17-storey building headquarters of the Nigerian Content Development Board, NCDMB.…
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The Department of Petroleum Resources (DPR) has reiterated its commitment to fast-tracking full integration of the domestic gas market hubs into the Nigeria Gas Transportation Network Code (NGTNC) to ensure optimal impact in the country’s…
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A Nigerian court carried out the first convictions under a new piracy law, part of the West African nation’s effort to stem rising maritime crime off its shores. The Federal High Court in Port Harcourt ordered three men to pay fines of…
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