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.
Discussions between the Federal Government and labour movement on how to raise the freight rate of petrol has commenced.
When elected in 2015, the oil and gas industry was in a very dire situation, worsened by a backlog of joint venture cash call arrears, President Muhammadu Buhari said.
The construction of 2,000 barrels per day modular refinery in Brass, Bayelsa State will commence very soon. The management of the Nigerian Content Development and Monitoring Board disclosed this on Wednesday, being the fourth refinery supported by the board under the Federal Government’s plan to use modular refineries to drive the development of…
The Energy Infrastructure Park being developed by Atlantic International Refinery and Petrochemical Limited in partnership with the Nigerian Content Development and Monitoring Board (NCDMB) at Okpoama, Bayelsa, has been launched.
Official figures show that the company income tax paid by oil and gas companies to the Federal Government fell by N4.94bn or 10.25 per cent in 2020.