Nigeria opts for non-discretionary, open bid round awards in proposed PIB
Nigeria has opted for non-discretionary award of petroleum licences, with open bid rounds as the core framework, if the Petroleum…
PENGASSAN continues pickets of Baker Hughes, Chevron over sack of 64 workers
Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have continued picketing the office of a…
Gas Explosions: DPR issues guidelines for operations of downstream gas facilities
The Department of Petroleum Resources (DPR) has issued guidelines for the establishment and operations of downstream gas facilities across Nigeria.…
NNPC engages marketers on gas to fuel vehicles
The Nigerian National Petroleum Corporation (NNPC) has engaged petroleum products marketers on the sale of Liquefied Petroleum Gas (LPG) and…
Oil firms to fund development of host communities in new PIB plan
Oil companies are to put aside 2.5 per cent of their annual expenditure for the development of their host communities,…
Oil firms’ debts to Nigerian banks near N5tn amid oil price collapse
The debts owed by oil and gas companies to Nigerian banks rose by N90bn in the second quarter of this…
Oil demand to decline after plateauing in late 2030s – OPEC
World oil demand will plateau in the late 2030s and by then begin to decline, the Organization of the Petroleum…
New Petroleum Industry Bill to tackle oil pollution in N’Delta
The 2020 Petroleum Industry Bill (PIB) that is presently before members of the National Assembly will substantially reduce environmental pollution…
FG move to make petrol-to-gas conversion in automobiles cheaper
The Federal Government has said that it will help reduce the cost required for the conversion of automobiles from the…
Nigeria wastes N115bn gas in seven months
International oil companies and local players in the nation’s oil and gas industry flared natural gas worth an estimated N114.79bn…