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The Department of Petroleum Resources (DPR) says it is currently working towards reducing barriers to entry, regulatory transaction cost to help create conducive business environment. The acting director, DPR, Mr. Ahmed Rufai Shakur,…
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Oil investors moved out about $15 billion raked in from the 2015 Joint Ventures (JV) assets divestment in Nigeria. Indigenous oil producers, who bought the assets, gave this hint yesterday at the on-going Nigeria Oil and Gas Conference…
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The United Kingdom (UK) and the Norwegian governments yesterday pledged to support efforts that would drive growth and development in the Nigerian oil and gas sector The two countries reiterated their commitment at the ongoing Nigerian…
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President Muhammadu Buhari may have suspended the controversial Ruga Settlement Projects following a public outcry and the seeming misconception about the Projects, an idea designed to stem the tide of herdsmen/farmers clashes across the…
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The group managing director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday expressed optimism that the country’s oil and gas industry will continue to attract huge investments. According to him,…
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…as retirement takes effect July 7 The retiring Group Managing Director of the Nigerian National Petroleum Corporation, Maikanti Baru, on Tuesday, reeled out the over $8bn worth of deals currently being handled and pursued by the NNPC…
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The Nigerian National Petroleum Corporation (NNPC) has so far settled over $2 billion cash call arrears out of the $5 billion Nigeria owes joint venture (JV) partners since 2015, its Group Managing Director, Dr. Maikanti Baru, said in…
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The need for the Federal Government to take steps towards deregulation the oil and gas industry as well as end the controversial fuel subsidy resonated yesterday at the ongoing Oil and Gas Conference and Exhibition in Abuja. …
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The Nigeria oil and gas industry is still a major investment destination in Africa grossing over 24.8 per cent of foreign direct investments coming to the African continent. This was disclosed in a press release issued by the Group…
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Nigeria’s largest independent oil producer plans to spend as much as $5 billion to boost its oil and natural gas production in the next five years. Aiteo Eastern E&P Co. plans to drill new oil wells and re-open existing ones as it…
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