As part of measures adopted to strengthen the currency and by extension the nation’s economy, the Federal Government has concluded plans to sell crude oil to the $15 billion Dangote Refinery in Naira. Inspecting the ongoing construction of the Dangote Refinery, Petrochemicals Complex Fertiliser Plant, and Subsea Gas Pipeline project at Ibeju…
The Shell Petroleum Development Company of Nigeria Limited is making moves to increase economic activities for gas-based industrialization of the country using the nation's proven gas reserves.
LEKOIL, has announced that Mayfair Assets and Trusts has received a letter from Optimum Petroleum Development Company, the Operator of the OPL 310 Licence, proposing to terminate the Cost and Revenue Sharing Agreement (‘CRSA’) executed for OPL 310. The oil and gas exploration and production company with a focus on Nigeria and West Africa,…
The licensing of more modular refineries to come on stream would put an end to the problem of product scarcity in the country, the Department of Petroleum Resources has said, as it plans to license more of such refineries.
The National Assembly has been called to properly address and review the issue of oil blocs allocation in the new Petroleum Industry Bill. A former Minister of Lands, Housing and Urban Development, Chief Nduese Essien, made the call recently saying that the bill should also clearly define the status of the host community adding that failure to…
The Federal Government has urged International Oil Companies operating in the country to embark on new projects despite the delay in the passage of the Petroleum Industry Bill.
The 200,000 barrels per day BUA Petroleum Refinery will commence full commercial operation in 2024, after a groundbreaking ceremony billed for May this year, all things being equal.
Operators in Nigeria’s oil and gas industry have been urged to cut the cost of production in order to survive in the face of the global energy transition.
The Minister of State for Petroleum Resources, Timipre Sylva, has revealed why Bayelsa lost the Atala oilfield (OML 46).
Shell is considering to take a hard look at its operations onshore Nigeria due to the persistent issues of theft and sabotage in the Niger Delta.