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‘Stubbornly high cost of oil production forcing FG to rest exploration’ –Minister

Ibe K

“The country will have to halt oil production if the cost of producing the commodity remains stubbornly high. “For me, you rather leave the oil in the ground than produce ...

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IAEA directs FG to establish nuclear safety legal framework before venture


For the avoidance of leakage of applications and digital materials to wrong hands, the International Atomic Energy Agency (IAEA)’s Integrated Regulatory Review Service (IRRS) team has presented a report, which ...

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FG’s insincerity forcing militants to resume bombardment Sept 1—NDRC


“Our grievance with government is that after the consolatory statement of the government by Prof. Osinbajo, nothing is on ground to show sincerity by government”, this was the key argument ...

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FG summersaults, ready to sell refineries commercially unviable


Contrary to previous pronouncements by the federal government that it has no plan to either sell or concession any of the four nation’s refineries, indications have emerged that there are ...

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New NPP avails oil communities to participate in block allocations


A policy that may seem as the magic wand to permanently end hostilities in Niger Delta has been signed by the federal government. This is called the National Petroleum Policy ...

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Osinbajo begins make or mar dialogue with N/Delta youth today

Acting president, Prof Yemi

A strategic dialogue capable establishing a last peace or resumption of hostilities will begin today, Monday, July 31, at the Petroleum Training Institute (PTI) Conference Centre, Effunrun, Delta State. The ...

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Nigeria may lose out from US aid over failure to drive coal for energy scheme


Fresh indication emerged weekend from the office of the US Treasury that Multilateral Development Banks (MDBs) that Donald Trump is working on rethinking its opposition to the use of fossil ...

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FG halts oil exploration in Northern Nigeria as 48 corpses arrive UMTH

Ibe Kachikwu

The federal government on Thursday, halted further exploration and search for oil and gas in any part of the northern Nigeria including Chad Basin and Benue hydrocabon region. The announcement ...

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Remaining 3 petroleum bills pass second reading, now in committee stage

Nigerian Senate

Barley one month after the effective passage of the Petroleum Industry Governance Bill (PIGB), the Senate on Thursday, has kept to her promise by speeding up the legislative work on ...

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EFCC recovers N328bn from 9 oil marketers’, expects more from diversions

nnpc truck near nnpc hqs

The Economic and Financial Crimes Commission (EFCC), working on a petition from petition against the leadership of the Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Pipelines and Product ...

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