Tag: oil and gas
Libya’s oil minister suspended over fraud
Libya's oil and gas minister in the Government of National Unity (GNU), Mohamed Aoun, has been temporarily suspended from work over alleged fraud.
The Administrative...
Subsidy removal: Oil companies demand full deregulation of downstream sector
Some top oil and gas companies in Nigeria have called for full deregulation of the downstream sector of the oil and gas industry.
The indigenous...
Buhari: Why I paid close attention to reforms in energy sector
President Muhammadu Buhari has declared that the Petroleum Industry Act (PIA) is the second biggest achievement of his administration in energy sector.
Buhari said energy...
How technology boosts oil and gas trading, by Flagship Energy
Chief Executive of Flagship Energy Limited, Mr. Osagie Ediale, has counselled local oil and gas traders/operators to leverage on technology if they truly desire...
Chevron: We’ll support FG’s policy to improve oil and gas sector
Chevron Nigeria Limited has reiterated its commitment to building mutually beneficial partnerships and supporting the Federal Government’s Nigerian Content Development (NCD) policy aimed at...
NEITI: FG recovers N2.6trn from oil firms, $2.6bn outstanding
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said oil and gas companies in the country owe the Federal Government $2.6 billion.
The NEITI, however,...
NUPRC probes oil theft, sets up panel of experts
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set up a team of experts to carry out thorough auditing of the activities of operators...
Oil sector requires $11.8trn investments before 2045 – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) says that investments of $11.8 trillion will be required between 2021 and 2045 in the upstream,...
Afreximbank, NNPC sign $1.04bn facility for oil exploration
The African Export-Import Bank (Afreximbank) has signed a $1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration of petroleum.
The...
