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Oil and Gas
Imo State Recovers 43 Oil Wells Formerly Ceded To Rivers
The Imo State Government led by Governor Hope Uzodimma has recovered 43 Oil Wells formerly owned by Imo State but was ceded Rivers State.
Recall that in the twilight of the Shared Prosperity Administration of Governor Hope Uzodimma, it…
PIB: Demons Behind Non-Passage Finally Defeated – Lawan
The Senate recorded a historic feat on Thursday with the passage of the complete version of the Petroleum Industry Bill (PIB) which defied passage in previous assemblies over the last twenty years.
The bill was passed after a…
OPERATION WHITE 2: EFCC To Prosecute Smugglers Of Petroleum Products
The Chairman of the Economic and Financial Crimes Commission EFCC Abdulrasheed Bawa Tuesday, June 22, 2021, vowed that smugglers of Premium Motor Spirit (PMS) in the country will face full wrath of the law.
Bawa issued this…
PMS: Why We Demand Daily Stock Record From Marketers – DPR
The Department for Petroleum Resources, DPR, has clarified that its request for daily stock record from petrol retail outlets and depots across the country is a statutory requirement and is at no cost to the oil marketers.
In a…
Lawmakers, NEPZA Laud LADOL ‘s Investment Initiative, Assure Government Support
The Senate Committee on Trade, Industry and Investment and the Nigeria Export Processing Zone Agency, NEPZA have commended LADOL’s achievement in turning a disused swamp into a world class industrial Free Zone over the last twenty years.…
FG Announces Additional 3.53TCF To National Gas Reserves
The federal government has announced the discovery of an additional 3.53 Trillion Cubic Feet (TCF) of gas in the country, further boosting the existing quantum of reserve to 206.53 TCF.
Speaking at the Nigeria International…
STRIKE NOTICE: Chevron Clarifies Sacked Workers
Chevron Nigeria Limited (CNL), has cleared the air over a seeming misrepresentation of facts in the notice given to it by the Joint Executive Committee of CNL branches of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and…
Indigenous Firms Contribute 30% To Nigeria’s Gas , 33% To Crude Oil Reserves – DPR
The Department of Petroleum Resources (DPR) has said that indigenous oil and gas companies are now contributing as much as 33% to the country’s crude oil reserves and about 30% to its gas reserves.
This is as it has announced…
Ondo Partners Firm , Begins N5.5bn LPG Inland Terminal
The Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, SAN, has performed the groundbreaking of the first privately owned Inland Terminal LPG Storage Facility in the country.
The facility sited within the Ore Industrial Hub…
Nigeria’s Gas Reserve Now 206.53tcf, Says DPR
The Department of Petroleum Resources (DPR) says Nigeria's Proven Natural Gas Reserve is now 206.53 Trillion Cubic Feet (TCF) as at Jan. 1, 2021.
According to a statement, Mr Sarki Auwalu, Director, DPR, made the announcement…