By Emmanuella Anokam Sen. Heineken Lokpobiri, Minister of State (Oil) Petroleum Resources, has assured Nigerians of increased oil production on a sustainable basis. Lokpobiri gave the assurance in Abuja on Monday while addressing stakeholders on his assumption of duty, shortly after taking his oath of office. The News Agency ofContinue Reading
By Emmanuella Anokam An economic expert, Dr Chijioke Ekechukwu, has lauded the emergency three billion dollars crude oil repayment loan secured by the National Petroleum Company Ltd. (NNPC Ltd) from Afreximbank to stabilise exchange rate. Ekechukwu said this in an interview with the News Agency of Nigeria (NAN) on SundayContinue Reading
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
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
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
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
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
By Emmanuella Anokam The Nigerian Extractive Industries Transparency Initiative (NEITI) is set to provide data on the actual volume of Premium Motor Spirit (PMS) consumption in the country. Dr Orji Ogbonnaya Orji, the Executive Secretary of NEITI, made this known at a consultative forum with the Civil Society Organisations andContinue Reading
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
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
