Business Hilights

Tracking Nigeria's Headline Business News Online

Chief Timipre Sylva

3rd International Petroleum Summit to deepen gas revolution in Feb.

Furtherance to December 2019 declaration by the Minister of State for Petroleum Resources, Chief Timipre Sylva that 2020 is the Year of Gas Revolution in Nigeria, logistics and planning are currently ongoing for the third annual Nigeria International Petroleum Summit…

Train 7 FID: FG’s commitment to acceleration of gas revolution—Derefaka

Technical Adviser (TA) to the Minister of State, Petroleum, Mr Justice Derefaka, has described last week’s Final Investment Decision (FID) on Train 7 of the Nigerian LNG as a milestone, reinforcing Federal Government’s commitment to the acceleration of the gas…

Just in: Final Investment Decision on $10bn NLNG Train 7 taken in Abuja

Fresh boost today, December 27, 2019 emerged for the Nigerian gas sector following the successful Final Investment Decision (FID) for Train 7 Project of the Nigeria LNG Limited (NLNG) in Abuja. The construction period after FID will last approximately five…

2020 year of gas revolution, says Minister

The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva has declared 2020 as the year of Gas for the Nation. He made this known when he received the Executive Management of the Nigeria Liquefied Petroleum Gas Association (NLPGA)…

Waltersmith Modular Refinery set to meet scheduled deadline in 2020

Logistics have been put in place to flag off phase one of the modular refinery and the ground breaking ceremony of the phase two is expected to hold in May 2020. The Waltersmith project has already reached 90 percent completion;…

New Director of DPR visits Minister, assures hard work, efficiency

The new substantive Director, Department of Petroleum Resources (DPR), Mr Sarki Auwalu, Thursday, paid an official visit to the Minister of State, Petroleum Resources, Chief Timipre Sylva in his Office. Received by the Technical Adviser (TA) – Gas Business &…

‘African new oil, gas discoveries may be derailed by cost of new drilling technologies’

Whereas 2019 may be described as Africa’s year of new finds in both gas and oil deposits in commercial quantities, however, the observed high cost of latest exploration technologies may be a big minus in efforts to tap the resources…

Taxes on solar equipment killing renewable energy drive—LCCI

Whereas the Minister of State for Petroleum Resources, Chief Timipre Sylva said recently in Port Harcourt that a mix of gas and renewable sources will be a perfect pair of energy use of the future in Nigeria, the Director-General, Lagos…

NGA Exco visits Minister, seeks Industry, Regulator synergy

Top executive members of the Nigerian Gas Association (NGA), led by the President, Mrs. Audrey Joe-Ezigbo, Wednesday in Abuja, paid a courtesy visit to the Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva. Their lead aim amongst others…

Renewables, natural gas a perfect pair for reliable flow of power in future—Minister

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has revealed that the best pair of power sources that will drive developments in the near future remains renewable sources and natural gas. Speaking in his Ministerial Address at the…