Brent crude price hits $120 per barrel
For the first time in several months, Brent crude oil reached its highest price yesterday, hitting the $120.50 per barrel…
FG will maximise local content opportunities, says Sylva
The Federal Government has expressed its determination to catalyse investments in the midstream and downstream sectors of the petroleum sector…
Oil sector growth dropped by 26% in Q1 2022 – NBS
Real growth of the oil sector was –26.04% (year-on-year) in the first quarter of 2022, indicating a decrease of 23.83…
NNPC, Sahara Group invest $300m in gas
The Nigerian National Petroleum Company Limited (NNPC) and leading energy and infrastructure conglomerate, Sahara Group have taken delivery of two…
FG is targeting 90% capacity performance from rehabilitated refineries – NCDMB boss
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, says that about 400,000bpd is expected from the…
FG projects $289bn local refining in five years
The Federal Government has said it is targeting local refining of over 2.555 billion barrels of crude oil worth over…
NLNG reiterates commitment to tax obligation, gas supply
Following its recognition by the Federal Inland Revenue Service (FIRS) as its most Supportive Tax Payer, the Nigeria LNG Limited…
$25bn annual investments required to access clean cooking gas by 2030 –Sylva
With the global energy transition chants reaching its peak, the Minister of State, Petroleum Resources, Chief Timipre Sylva, has said…
FG is taking steps to develop Nigeria’s 208.62tcf of gas – Sylva
The Minister of State for Petroleum Resources, Timipre Sylva, says the Federal Government is taking steps to develop and harness…
SERAP sues Buhari, Malami over failure to probe N1.48tr spent on refineries
Socio-Economic Rights and Accountability Project (SERAP) has sued President Muhammadu Buhari and Attorney General of the Federation and Minister of…