Kachukwu mute on moribund refineries, hopes in Dangote, modular refineries
In what may ordinarily translate to total loss of hope and confidence in the ability of the new leadership at the Nigerian National Petroleum Corporation (NNPC) to deliver its promise in fixing the four moribund refineries in no distant time,…
PPPRA hides open market price of petrol since crude oil crossed $66
Contrary to its hitherto momentary publication of open market price of petrol data, the Petroleum Products Pricing Regulatory Agency (PPPRA) seems to have started hiding the statistics since when it posted it last on its website on March 20, 2018,…
Stop boasting with Dangote refinery, fix moribund refineries, Nigerians tell FG
Series of promotional comments bordering on the advantages of emerging Dangote Refinery in Lekki, Lagos State by the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has attracted the anger of Nigerians who are pained by the failure of…
Again, FG shifts gas flaring deadline for IOCs to next year
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has again warned again for the fourth time that any oil company that cannot stop gas flaring by 2019 should stop producing. It would be recalled that the Nigerian government…
Again, FG claims no secret plan to sell NLNG
For the second time in this administration, the Federal Government on Tuesday denied that there were plans to sell the Nigerian Liquefied Natural Gas Limited (NLNG). The first plan to sell some national assets including NLNG which was hatched by…
W’African Gas Pipeline supply scheme gets boost with discoveries in Lagos offshore
The federal government has said that relative peace in the Niger Delta region, coupled with new discoveries of gas resources in Lagos offshore will boost West African Gas Pipeline supplies in the long run. The Minister of State for Petroleum…
Failure to resuscitate refineries 3 years on, may embarrass FG today at NIPS
One of the most unexplainable embarrassments to the present government among the comity of oil producing economies as Nigeria begins to host the world at the Nigeria International Petroleum Summit (NIPS), is the moribund nature of all four national refineries….
Confusion as FG, oil majors claim losses to oil production contracts
Serious apprehension has emerged in the nation’s oil industry over who is really gaining much or losing more as far as the prevailing Oil Production Sharing Contracts (OPSC) is concerned. OPSC is the contractual arrangement between oil production majors and…
AEEPM to sue FG over loss of $12bn to delays in amending Deep Offshore Act 1993
Leading non-governmental organisation (NGO), the Africa Environmental & Economic Peace Mission (AEEPM), weekend at a press conference in Lagos, expressed its readiness to drag the federal government to court to seek damages on behalf of Nigeria and Nigerians over its…
Investment requests by IOCs now in excess of $15bn
Investment requests by multinational oil firms seeking to invest in Nigeria’s oil and gas sector are currently in excess of $15bn. This is the revelation of the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, adding that fresh plans…
