The Nigerian Association of Petroleum Explorationists (NAPE), has said that the proactive government policies aimed at attracting investment into the oil and gas industry for… Read More »NAPE hails FG policies on oil, gas sector amid investment growth
To encourage investment and address the nation’s economic difficulties, the federal government has announced the abolition of the value-added tax on compressed natural gas, automotive… Read More »Oil, CNG, cooking gas are no longer subject to VAT in Nigeria.
By Olufemi Adebayo Oil producers, under the aegis of the Independent Petroleum Producers Group, have warned against being forced to sell crude oil to… Read More »Oil producers reject mandate to sell crude to local refineries
BY SAM OTUONYE The Nigerian National Petroleum Company Limited (NNPC Ltd), has in the past weeks been wrapped with myriad of allegations which the… Read More »NNPC Ltd denies allegations of owing $6.8bn to int’l oil firms, others
By Milcah Tanimu he Economic and Financial Crimes Commission (EFCC) is advocating for the creation of a specialized court to deal with cases of… Read More »EFCC Pushes for Specialized Court to Tackle Oil Theft as Lawmakers Investigate Detection System
BY SAM OTUONYE Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, has said that the Federal Executive Council (FEC) has approved a contract of… Read More »Oil theft: FG to spend $21m for metering of 187 crude flow stations
Heineken Lokpobiri, the minister of state for petroleum resources (oil), has reiterated that Nigeria is open to international investment to increase crude production and imports.… Read More »The Federal Government guarantees oil and gas investors that we’re ready.
· Subsidy must go, costs more than health, education, agric, defence budgets in 5yrs, says NEITI · You can’t remove subsidy without functional refinery, NUPENG warns FG… Read More »NEITI, NUPENG differ on planned petrol subsidy removal
The Federal Government will impose $49m (N22bn) fine on oil and gas firms operating onshore for flaring 24b Standard Cubic Feet of gas valued at… Read More »FG imposes N22bn fine on oil firms over gas flaring
An Ijaw youth activist, Comrade Collins Trueman Opumie, has dragged the Nigerian Agip Oil Company (NAOC), the authorities of the Department of State Security (DSS)… Read More »Activist drags Agip, DSS, Police to court over unlawful detention for 2yrs
Nigerian National Petroleum Company Limited (NNPC) is set to spud the firyst oil well in Nassarawa state in March 2023. This, according to the NNPC… Read More »NNPC Set To Start drilling of First Oil Well in Nassarawa
Mr Tony Attah, the Managing Director, Nigeria Liquefied Natural Gas (NLNG) says Nigeria can become the world’s number one nation in oil and gas if… Read More »Nigeria can be world’s no. 1 oil, gas country — NLNG
Oil fell on Thursday on fresh fuel demand worries because of travel curbs to prevent new coronavirus outbreaks and delays with vaccines and a stronger… Read More »Oil Falls On COVID-19-Induced Demand Worries, Stronger Dollar