Investment By Joan Nwagwu The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has cautioned that ongoing policy instability is discouraging investment in Nigeria’s oil and gas sector. Mr Festus Osifo, President of PENGASSAN, raised the concern on Wednesday at the opening of the 4th Petroleum and EnergyContinue Reading
By Emmanuella Anokam President Bola Tinubu has commissioned a 40,000 cubic metre (CBM) Liquefied Petroleum Gas (LPG) vessel, christened “MT Iyaloja (Lagos),” in Ulsan, South Korea to deepen LPG availability and affordability. The President, at the commissioning of the 40,000 CBM LPG vessel on Monday, said Nigeria was poised toContinue Reading
By Isaiah Eka An NGO, Connected Development (CODE), has trained members of Host Community Development Trust (HCDT) in Akwa Ibom on effective projects and funds management techniques. The one-day workshop, which aimed to equip members of HCDT in Akwa Ibom with project management and development skills, was organised in collaborationContinue Reading
By Nana Hauwa Musa The National President, Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), Mr Bennett Okorie, has directed members to resume petroleum supply to telecom tower managers, IHS. Okorie disclosed this during a news conference in Abuja on Saturday. He said the union had earlier instructed membersContinue Reading
By Diana Omueza The National Oil Spill Detection and Response Agency (NOSDRA) is collaborating with the European Union in the areas of oil spill response and environmental protection in the country’s oil-producing regions This followed a bold step toward international partnership following a strategic engagement meeting with the European UnionContinue Reading
By Emmanuella Anokam The Federal Government says it has mapped out plans to ensure an increase of about 810,000 barrels per day (bpd) of crude oil from the country’s deepwater oil fields through a new cluster and nodal development initiative. Mr Gbenga Komolafe, Commission Chief Executive (CCE), Nigerian Upstream PetroleumContinue Reading
By Lucy Ogalue The Federal Government has unveiled new National Occupational Standards (NOS) for Compressed Natural Gas (CNG) and Electric Vehicles (EVs) as part of efforts to reposition Nigeria’s automotive sector. The initiative also aims to create jobs and promote a greener economy. Minister of State for Industry, Trade andContinue Reading
By Ikenna Osuoha The House Committee on Petroleum Downstream Sector has dismissed petitions demanding sack of the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed. The Chairman of the committee, Rep. Ikenga Ugochinyere, said this at a news conference in Abuja onContinue Reading
By Muhyideen Jimoh President Bola Tinubu, on Tuesday evening, received billionaire industrialist, Alhaji Aliko Dangote, at the State House in Abuja for a private meeting. Though brief and undisclosed, the meeting highlights the Federal Government’s continued support for private-sector-led growth in the oil and gas industry. The engagement followed PresidentContinue Reading
By Emmanuella Anokam Alhaji Aliko Dangote, President of Dangote Group, says it is troubling that Africa exports crude oil but imports over 120 million tonnes of refined fuel annually. He stated this in Abuja during the maiden West African Refined Fuel Conference, organised by NMDPRA in collaboration with S&P GlobalContinue Reading
