Nigeria Ready for OPEC Talks – Chief Sylva
The Government of Nigeria wishes to assure the Nigerian and international communities that it is watching developments in the oil and gas industry with keen interest. Specifically, Nigeria is very mindful and appreciative of the role of Saudi Arabia and…
Minister steps up campaign for use of CNG as transport fuel
The Minister of State for Petroleum Resources, Chief Timipre Sylva has restated the importance of Compressed Natural Gas (CNG) in complementing Premium Motor Spirit (PMS) utilization as transport fuel. Giving insights on factors considered by the Federal Government in slashing…
Just in: FG slashes fuel pump price from N145 to N125
The Federal Government Wednesday afternoonbegan move to slash the pump price from N145 to N130 first and later down to N125 to reflect the current global oil price relaities. The move was in consideration of the fact that Nigerian pump…
To rescue global oil prices, Nigeria, others agree on 1.5 million barrels cut at Vienna
Strong indications have emerged suggesting that Nigeria and other members of the Organisation of Petroleum Exporting Countries (OPEC) agreed to cut oil production by additional 1.5 million barrels per day in the second quarter of 2020 to prop up prices….
NCDMB, Shell seal fresh deal on Gas Facility at Polaku, targets 30,000 jobs
As part of its capacity expansion drive, the Nigerian Content Development and Monitoring Board (NCDMB) has signed an agreement with Shell Nigeria Gas (SNG) for the lease of one hectare of NCDMB’s land at Polaku, Bayelsa State, for the development…
Just in: OPEC defies COVID-19, begins meeting to rescue oil prices in Vienna
At a time several world public gatherings are beginning to take serious caution in either postponing or outright cancellation, the OPEC ministers few hours ago, defied the concern about Covid-19 and kicked off its make or mar crucial meetings in…
Nigerian Shipowners, Minister seal collaboration deal, target ship repair centre
Nigeria’s premium maritime group, the Shipowners Association of Nigeria (SOAN) led by its President, Dr. Mkgeorge Onyung has paid a high-value visit to the Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva. Business Hilights gathered that discussions during…
Chevron bags double awards at 2020 NIPS Oil/Gas Industry Dinner & Awards
Leading International Oil Company (IOC), Chevron Nigeria Limited (CNL), operator of the NNPC/CNL Joint Venture, was again, recognized for its outstanding performance in the Nigerian oil and gas industry. The company was presented with two awards during the Industry dinner…
Derefaka explains launch of the National Gas Transportation Network Code
Technical Adviser (TA) to the Minister of State, Petroleum Resources on Gas Business & Policy Implementation, Mr Justice Derefaka has provided additional insights to the launch of the National Gas Transportation Network Code on Monday, saying the scheme remains key…
GTBank Oil outlook 2020 shows how MPR would raise N4.45tn for national budget
More facts smoked out from the GTBank’s Oil Outlook 2020, have shown that of the 2020 targeted spend of N10.59 trillion, the Ministry of Petroleum Resources (MPR) will contribute circa N4.45 trillion. Commenting under the title; ‘The Ministry of Petroleum…
