Perm Sec signs performance contract with petroleum ministry’s directors

By Emmanuella Anokam Amb. Gabriel Aduda, Permanent Secretary, Ministry of Petroleum Resources has signed Performance Contracts (PC) with the ministry’s directors to enhance accountability and advancement. Aduda, in a statement, on Saturday, signed by Mr Chris Ugwuegbulam, Assistant Director (Information) of the ministry urged the directors to diligently fulfill theirContinue Reading

Iran to provide infrastructure for Nigeria’s oil, gas devt – Ambassador

By EricJames Ochigbo The Iranian  Government has expressed its readiness to collaborate in developing Nigeria’s oil and gas downstream sector. The Iranian Ambassador to Nigeria, Muhammad Alibak, made this known when he hosted Rep. Ikenga Ugochinyere (PDP-Imo), Chairman, House Committee on Downstream Petroleum and Rep. Aliyu Mustapha (PDP-Kaduna state) inContinue Reading

Seplat’s capsised rig: 92 personnel safe, rescue operations ongoing – NUPRC

By Emmanuella Anokam The Nigeria Upstream Petroleum Regulatory Authority (NUPRC) has confirmed that search and rescue operations of Personnel on Board (POB) of Seplat Energy’s capsised drilling rig in Delta have started and are still on-going. The drilling rig had capsised while in transit and was partially submerged at aboutContinue Reading

NEITI reviews 2020-2021 oil, gas, mining industries’ reports

By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI) is reviewing its 2020-2021 reports of the oil, gas and mining industries for stakeholders’ input for approval and release. Dr Orji Ogbonnaya Orji, Executive Secretary, NEITI said this at the Stakeholders’ Roundtable for the Review and Approval of NEITI AuditContinue Reading

Naira Relief: NNPC Ltd. secures bn emergency crude repayment loan from Afreximbank

By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd) and Afreximbank have jointly signed a commitment letter and term sheet for an emergency three billion dollars crude oil repayment loan. The signing took place on Wednesday in the bank’s headquarters in Cairo, Egypt, according to a statement byContinue Reading

Petroleum ministry urges MDAs to convert vehicles to CNG engines

By Emmanuella Anokam The Ministry of Petroleum Resources has urged Ministries, Departments, and Agencies (MDAs) and Nigerians in general to convert their vehicles to Compressed Natural Gas (CNG) engines to cushion the effect of fuel subsidy removal. Amb. Gabriel Aduda, the Ministry’s Permanent Secretary, made this known on Monday inContinue Reading

Nigeria requires bn annually for gas expansion projects – NEITI

By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria requires $20 billion annually to achieve the desired gas expansion plan to bridge the country’s gas infrastructure. Dr Orji Ogbonnaya Orji, NEITI Executive Secretary, at the policy dialogue on Nigeria’s Decade of Gas Action plan on Monday inContinue Reading

Fuel Price: NOGASA wants FG to fix bad roads, forex, refineries others

By Emmanuella Anokam The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has urged the Federal Government to fix bad roads and encourage private and modular refineries to enable affordable petroleum products. NOGASA also called on the government to reduce Value Added Taxes on imported products, especially the AutomotiveContinue Reading

Petroleum ministry urges MDAs to convert vehicles to CNG engines

By Emmanuella Anokam The Ministry of Petroleum Resources has urged Ministries, Departments, and Agencies (MDAs) and Nigerians in general to convert their vehicles to Compressed Natural Gas (CNG) engines to cushion the effect of fuel subsidy removal. Amb. Gabriel Aduda, the Ministry’s Permanent Secretary, made this known on Monday inContinue Reading