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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NNPC, partners resolve Addax dispute amicably
The protracted dispute on Oil Mining Leases (OMLs) 123/124, 126/137, operated by Addax Petroleum Nigeria Limited, has finally been laid to rest, paving the way for much-needed investment and growth…
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Climate Change: AfDB seeks reduction of poisonous gases
…….by petroleum sector The African Development Bank (AfDB), says mitigating climate change requires urgent and significant reductions of greenhouse gas (GHG) emissions by the petroleum sector. Independent Advisor and Consultant…
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Reps C’ttee queries $10.7bn gas-to-liquids project
An ad hoc committee of the House of Representatives on Tuesday queried the implementation of the Escravos gas-to-liquids (EGTL) Gas Project. The committee said the project which should cost 2.9 billion…
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Senate wades into re-allocation of Atala Oil Field
The Senate Committee on Ethics, Privileges and Public Petitions is investigating the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for allegedly re-allocating Atala Marginal Oil Field (OML 46) in Bayelsa State…
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SERAP: N’ Delta communities live in depressing conditions
A new report by the Socio-Economic Rights and Accountability Project (SERAP) has revealed how “communities in the Niger Delta continue to live in depressing and deplorable conditions, despite the fact…
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Minister: PIA to unlock investments in oil, gas sector
The Minister of State Petroleum Resources Chief Timipre Sylva, has said that the desire to surmount the challenges bedeviling the oil and gas sector led to the enactment of the…
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Host communities laud inclusiveness in PIA
The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) have commended their inclusiveness in regulations development and consideration, mandated by the Petroleum Industry Act (PIA). Speaking on Wednesday in…
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