Federal Govt. no longer fixing petrol price, says Sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has reiterated that the federal government is no longer fixing…
Nigeria Will be a Net Exporters of Refined Petroleum Products by 2022
There are expectations that Nigeria will return to the days of exporting not only crude oil but also refined petroleum…
Oil Companies Taxes Drop by N16.46bn Due to Production Cuts
Nigeria experienced a marked drop in the tax revenue accruing to the Federal Government from Production Sharing Contracts with international…
Delays in Petroleum Industry Bill (PIB) Heightens Uncertainty in the Sector
There is growing uncertainty in Nigeria’s petroleum sector as the delay in passing the Petroleum Industry Bill (PIB) has sent…
Lekoil to Raise $100m for Exploratory Activities at Ogo Oilfield Drilling
Lekoil Nigeria Limited has said that it is raising $100 million before it can start drilling in its Ogo oilfield.…
Petrol price should be about N155/litre – Oil marketers
The current pump price of petrol is unsustainable as it should be closer to N155 per litre, the Chairman of…
New Petroleum Industry Bill (PIB) Will Usher Favourable Tax Regime—Silva
The Minister of State for Petroleum Resources, Chief Timipre Sylva has said that the Nigerian authorities are “not unmindful that…
OPEC is Looking Beyond Petroleum, Says Barkindo
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC) Mohammed Barkindo has said that time has come for…
Nigeria Saved $2 Billion by Implementing Local Content on LNG Train 7
The Nigerian government saved extra $2 billion from its implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD)…
Questionable NNPC Reports
A performance evaluation report released by the Nigerian National Petroleum Corporation shows that it’s three refineries in Port Harcourt, Warrior…