By Salif Atojoko The Tinubu Media Volunteers (TMV) has described the17 billion dollars Foreign Direct Investments (FDI) in the oil and gas industry in 2024 announced by Nigerian National Petroleum Company Ltd. as phenomenal. Mr Chukwudi Enekwechi, Chairman of TMV, said the investment, a result of President Bola Tinubu`s administration’sContinue Reading
By Martins Abochol The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has hosted critical stakeholders in the petroleum and gas sector to address incessant incidences of tanker explosion in Taraba. Alhaji Abdullahi Bature, Coordinator of NMDPRA in the state, while addressing stakeholders at its first quarter stakeholders meeting inContinue Reading
By Martins Abochol The Nigeria Customs Service (NCS) has intercepted 1,149 jerrycans of Premium Motor Spirit (PMS), allegedly smuggled through the Dorofi and Kan Iyaka axis, along the Gembu-Cameroon border in Taraba. Comptroller General (C-G) of Customs, Adewale Adeniyi, disclosed this on Friday in Jalingo while auctioning the seized petroleumContinue Reading
By Emmauella Anokam The Presidential Compressed Natural Gas Initiative (P-CNGI) says it is intensifying its monitoring efforts to ensure strict adherence to the approved affordable fare structures by transport operators. Mr Michael Oluwagbemi, Programme Director/Chief Executive, P-CNGI, made this known while reacting to reports alleging non-compliance with agreed fare structuresContinue Reading
By Sunday Bassey The Nigerian Midstream and Downstream Petroleum Resources Authority (NMDPRA) is set to embark on a public campaign to educate the public on the dangers of scooping petroleum products from falling tankers. Mrs Nsima Isong, Acting Coordinator of NMDPRA, made the disclosure during a stakeholders’ meeting in EketContinue Reading
By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged oil companies operating in Nigeria to prioritise the development of their host communities. NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, made the call at the official presentation of a Policy Brief on three per cent Operating Expenses (OPEX)Continue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s rig count will hit 50 by the end of 2025. It said the country’s rig count had increased from eight in 2021 to 40 in 2025. The Chief Executive, NUPRC, Gbenga Komolafe said this on Wednesday inContinue Reading
by Emmanuella Anokam Mr Haitham Al-Ghais, Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), has tasked Africa to unlock its proven oil reserves of over 120 billion barrels. Al-Ghais stated this in a keynote address titled: “Driving Cross-Continental Investments: Scaling Africa’s Energy Frontier,” at the ongoing Nigeria International Energy SummitContinue Reading
By Kadiri Abdulrahman Nigeria’s target of 2.06million bpd crude oil production target in 2025, is achievable, the Minister of State for Petroleum, Heineken Lokpobori has said. Lokpobori said this on Thursday night in Abuja at the Nigeria Petroleum Industry Leadership Discourse, with theme: “Nigeria’s Oil Production Growth Roadmap Acceleration Imperatives’’Continue Reading
By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has banned 60,000 litres petroleum tankers from operating on Nigerian roads, effective March 1, to mitigate truck-in-transit incidents. Mr Ahmed Farouk, Authority Chief Executive, NMDPRA, announced the ban on Wednesday in Abuja, while briefing newsmen shortly after itsContinue Reading
