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Oil and Gas
DPR Says FG Targeting 600,000 Barrel Crude Oil Per Day
The Department of Petroleum Resources (DPR) says the Federal Government’s plans to increase the nation’s oil and gas reserves, are on course and being boosted by strategic policies and programmes.
DPR also noted that about 600,000…
MISTDO Designed To Safeguard Downstream Operations – DPR
The Department of Petroleum Resources (DPR) says the Minimum Industry Safety Training for Downstream Operations (MISTDO) is a compulsory programme introduced to safeguard operations in the downstream sector of the Nigerian oil and gas…
2020 Financial Statement: Buhari Announces Profit After Tax By NNPC
In fulfillment of an earlier pledge by the Federal Government to publicly announce the financial position of the Nigerian National Petroleum Corporation, President Muhammadu Buhari has disclosed a Net Profit, first time in the 44-year…
NPDC, Ogoni People Pledge Cooperation On Oil Production
The leaders of Ogoniland in Rivers State under the auspices of the Ogoni Liberation Initiative have pledged to cooperate with the Nigerian Petroleum Development Company (NPDC) in the exploration and production of oil and gas resources in…
Community Leaders, Monarch Raise Alarm Over Pipeline Vandalisation In Ikotun
The Irebami Unity Community Development Association (CDA) , Ikotun has raised the alarm over the indiscriminate establishment of gas plants and petrol stations within the residential area,calling on the Lagos State House of Assembly (LSHA)…
Kyari Tasks NNPC Greenfield Refinery Ltd Board To End Fuel Importation
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged members of the Board of the NNPC Greenfield Refinery Limited (NGRL), to explore all available options to bring an end to the…
Buhari Says Nigeria Lost About $50bn Worth Of Investment In 10 Years Due To Uncertainty In Petroleum Industry
President Muhammadu Buhari Wednesday in Abuja said Nigeria lost an estimated $50billion worth of investments in ten years, created by the uncertainty of non-passage of the Petroleum Industry Bill (PIB), lack of progress and stagnation in…
Petroleum Minister Says Oil Companies Will Leave Nigeria If FG Increase 3% Host Communities Fund
Worried about the passage of the Petroleum Industry Bill, the Minister of State for Petroleum, Timipre Sylva, has said that increasing the three per cent host communities fund will affect the profit of oil companies and in turn force them…
DPR Raises Concern Over Operational Hazards In Downstream Oil Sector
The Department of Petroleum Resources (DPR), has raised serious concern over high rate of accidents in the downstream oil and gas industry leading to the introduction of the Minimum industry safety training for Downstream operations…
President Buhari Signs PIB Into Law
President Muhammadu Buhari has officially signed the Petroleum Industry Bill (PIB) 2021 into law.
Femi Adesina, Special Adviser to the President (Media and Publicity) disclosed this in a statement on Monday, August 16, 2021.…