By Emmanuella Anokam The Techno Oil Group has urged the Federal Government to reverse its directive which placed imported Liquefied Petroleum Gas (LPG) cylinders and other components on custom duties and Value-Added Tax (VAT) payment exemption list. The company described the directive as a clear market distortion, adding that theContinue Reading
Stakeholders seek implementation of Nigeria’s Gas Plan By Naomi Sharang Stakeholders in the gas industry have called on the Federal Government to implement Nigeria’s National Gas Plan as it targets to achieve net-zero emissions by 2060. The Executive Director, Centre for Transparency Advocacy (CTA), Faith Nwadishi, made the call atContinue Reading
By Emmanuella Anokam The Federal Government on Monday inaugurated the Inter-Ministerial Task Team (IMTT) of Nigeria Extractive Industries Transparency Initiative (NEITI). The IMTT is an important aspect of the Extractive Industries Transparency Initiative (EITI) process in Nigeria, being a decision made by the Federal Executive Council, after the release ofContinue Reading
By Nefishetu Yakubu The NNPC E&P Limited (NEPL), a subsidiary of NNPC Limited on Friday inaugurated a board of trustee each to manage the 14 host communities in its area operations as contained in the Petroleum Industry Act (PIA). The benefiting communities are Umuedeokwara Odagwa, Uherevie, Warnog, Utrew, Benin River,Continue Reading
By Emmanuella Anokam A Joint Technical Inspection Team has validated Nigeria’s readiness to host the headquarters of the five billion dollars African Energy Bank (AEB) in the country. The AEB is set to be established in Nigeria in July 2024. The technical inspection team is from the African Petroleum ProducersContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.), Energy Services Limited (EnServ) and Schlumberger (SLB), a renowned global technology company, have signed a technical partnership agreement toward bolstering upstream operations. The agreement was signed at the NNPC Ltd’s Corporate Headquarters in Abuja on Thursday, with senior managementContinue Reading
By Emmanuella Anokam Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), says the Federal Government is set to seal a deal worth 20 billion dollars to boost oil and gas production in Nigeria. Lokpobiri said this on Thursday in Abuja when a delegation of Schlumberger (SLB) Ltd. ledContinue Reading
By Emmanuella Anokam A Chinese energy company, Wen Advisor has indicated interest to invest in Nigeria’s Compressed Natural Gas – power vehicle scheme, to drive President Bola Tinubu administration’s energy transition project. The Managing Director of the company, Haikuo Weng stated this on Tuesday during a meeting with the PermanentContinue Reading
By Emmanuella Anokam President Bola Tinubu on Tuesday inaugurated the 6th National Stakeholders Working Group also known as the Governing Board of the Nigeria Extractive Industries Transparency Initiative (NEITI). Inaugurating the 15-member committee, Tinubu said he was proud of the board with the members carefully selected based on their diverseContinue Reading
By Lucy Ogalue The Petroleum Technology Development Fund (PTDF) has commenced the final stage of the selection process for the award of the 2023/2024 overseas scholarship to qualified Nigerians. The Head of Overseas Scholarship Scheme, Mrs Bolanle Agboola, told newsmen on Monday in Abuja that only qualified candidates would beContinue Reading
