Minister: Port Harcourt refinery back on stream Dec, Warri Q1 2024
The Federal Government has reiterated its commitment to end petroleum product importation soon, as efforts are being redoubled to restore the nation’s local refining capacity. The Minister of State for…
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NNPC secures $3bn emergency crude oil repayment loan from Afreximbank
The Nigerian National Petroleum Company Limited (NNPC Ltd) and Afreximbank have jointly signed a commitment letter and term sheet for an emergency three billion dollars crude oil repayment loan. The…
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IPMAN urges FG to deal with pipeline vandals
The Independent Petroleum Marketers Association of Nigeria (IPMAN) in the South-West has urged the Federal Government to bring to book the perpetrators of the pipeline vandalism which on occurred on…
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Oil firms denies Bayelsa pollution report
…….Shell, Agip fault claims of liability Major oil firms operating oilfields in Bayelsa State have faulted claims by the Bayelsa Oil and Environmental Commission (BSOEC) in its final report presented…
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TotalEnergies assures gas flaring ‘ll stop 2023
The TotalEnergies E&P Nigeria says it will stop routine gas flaring in 2023 to actualise energy security and sufficiency. Deputy Managing Director, Deepwater TotalEnergies E&P Nigeria, Mr Victor Bandele, disclosed…
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Oil Spill: Ogoni youths laud FG over clean-up efforts
Ogoni Youth Federation (OYF) Worldwide, an umbrella body of Ogoni youths in Rivers States has thanked the Federal Government for the ongoing clean-up of Ogboni land. The association gave the…
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Fuel scarcity worsens, bites harder in FCT, residents lament
Residents and motorists in the Federal Capital Territory (FCT) and its environ have continued to lament the hardship being experienced as scarcity of Premuim Motor Spirit (PMS), known as petrol…
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Reps want OML’s auction suspended by NNPC
The House of Representatives has urged the Nigerian Petroleum Development Company (NPDC) to suspend its planned auction of the oil mining licence (OML) 11 asset. This followed the adoption of…
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Minister: FG to grow oil reserves to 40bn barrels by 2025
Minister of Petroleum Resources, Chief Timipre Silva, says one of the key mandates of the ministry is to grow oil reserves from the current 37 billion barrels to 40 billion…
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FG: We’re diversifying economy from oil, gas
The Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Mrs Evelyn Ngige, on Monday said the President Muhammadu Buhari administration was working hard to diversify the Nigerian economy from…
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