Oil and Gas

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Nigeria's Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri has charged stakeholders and experts in the country's Oil and Gas industry to come up with home-grown solutions to the challenges in the oil and gas sector.…

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Nigeria earned $741.5bn and N635.3bn from the oil/gas and solid minerals sectors respectively, between 1999 and 2020, a period of about 21 years, the Nigeria Extractive Industries Transparency Initiative announced on Wednesday. NEITI’s…

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Industrialisation in Nigeria would grow further if all stakeholders partner effectively, a roundtable of industry pundits have said. The Executive Secretary of Petroleum Technology Development Fund (PTDF), Dr Bello Gusau;…

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has inaugurated the Midstream and Downstream Oil and Gas Industry Service Permit (MDOGISP) application portal to enhance effective service delivery. The…

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A Nigerian oil investor, Peter Mbah says lack of adequate investments in the downstream sector is the major cause of the perennial fuel scarcity and its attendant long queues in filing stations across the country. The Chief…

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The Director of Trade and Exchange Department, Central Bank of Nigeria (CBN), Dr Ozoemena Nnaji, says there is urgent need to diversify the Nigerian economy to spur growth. Nnaji made the call at the 33rd Seminar for Finance…

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The Nigerian Government says it has set a new paradigm in acreage and lease administration in the oil and gas industry. This is in line with the objective of the Petroleum Industry Act to optimise value from acreage management and…

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The Federal Government has officially announced the scrapping of the Department of Petroleum (DPR), the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Petroleum Equalization Fund (PEF). This is coming…

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Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian and London Stock Exchanges, has commissioned the project for power supply to Oben Cottage Hospital from its Oben gas facility at…

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Brent crude futures climbed almost 1% to above $80 per barrel on Tuesday, a level not seen since October 2018, amid tighter supply and recovering demand in many parts of the world. In the UK, trucker shortages coupled to panic…